Energy economics

On its 50th birthday, Motor Oil is taking the next big step and creating Motor Oil Renewable Energy (MORE Energy).

Fuel prices in Kenya surged to record highs yesterday after the new government slashed subsidies, piling on misery for a population already facing deep economic hardship.

The price of petrol increased by 20 shillings to 179.30 (about $1.50) per liter while diesel and kerosene prices are up by 20 and 25 shillings respectively, the Energy and Petroleum Regulatory Authority (EPRA) said.

The measures include a cap on electricity producers’ profits that would raise 140 billion euros

Panic-driven announcements about delaying phase-outs of coal threaten to derail the progress EU Member States have made toward meeting clean energy targets.

Ljubljana – The Slovenian power generation sector faces challenges in the coming months that it has not seen in decades as the chaos on global energy markets, which has driven prices to record highs, has conspired with domestic factors for what appears to be a perfect storm.

The Region of Attica places - as it emphasizes - special importance to the protection of the Environment and taking into account the conditions that have been shaped by the energy crisis, it is intensifying actions such as the energy upgrade of building infrastructure and the replacement of the existing energy-consuming sodium lamps with LED lamps.

Clean energy now provides more employment than the fossil fuel industry, reflecting the shift that efforts to tackle climate change are having on the global jobs market, according to a report yesterday.

Deputy Finance Minister Theodoros Skylakakis spoke to ANT1 channel about the energy saving measures for the State and the government's plan for the energy crisis.

According to Mr. Skylakakis, the measures that will be announced today by him and the ministers of the Interior, Environment and Energy, will only concern the public sector.

The Greek Minister of Development and Investment, Adonis Georgiadis, spoke on MEGA channel about the energy crisis and the support measures for households and businesses.

Georgiadis spoke about Russia's decision to close the gas pipeline, creating repeated problems for the European economy and energy.

EU foreign ministers met in Prague this week, under the auspices of Czechia's presidency of the EU Council, to discuss calls from CEE and Nordic member states to close the bloc's door to Russians.