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european commission president ursula von der leyen

Global Energy Transition Forum ’to convert targets into concrete projects’

Announcing the Forum’s launch at Davos, European Commission President Ursula von der Leyen said, “The Forum is all about connecting the dots, so we can learn from each other and exchange best practices, and support projects that jump start new clean energy industries and scale up clean energy globally.” While Europe has made significant strides, with 50% of its electricity now coming from reneawbles, the global picture is uneven. Africa, despite being rich in solar and natural resources, has attracted only 2% of global clean tech investment and 600 million people still lack access to electricity. President Von der Leyen said the Forum would support “flagship initiatives” and strive to champion “smarter financing and derisking tools” to help projects reach FID. “We have to sustain the momentum of our historic global energy agreement and turn… Read More »Global Energy Transition Forum ’to convert targets into concrete projects’

Europe Clean Industrial Deal to tackle permitting red tape | Europe – East

Europe wants to cut red tape and improve capital flows Europe wants to cut red tape and improve capital flows The European Commission will launch the Clean Industrial Deal in February in a bid to tackle permitting delays and red tape among hard-to-abate and new tech industries. Speaking at Davos, Wopke Hoekstra, Commissioner for Climate, Net Zero and Clean Growth, European Commission, said a major challenge is bridging climate action with competitiveness. “One of the key things we need to do is further enhance our competitiveness and make sure that decarbonisation is a  growth strategy,” he said. “So that means focusing on two sectors. Firstly, heavy industry and difficult-to-abate, which is pivotal to the success of our continent, and as important, are the ‘new kids on the block’, the tech companies that have huge demand and… Read More »Europe Clean Industrial Deal to tackle permitting red tape | Europe – East

European leaders reach out as world closes in | Europe

European Commission President Ursula von der Leyen struck a collaborative tone amid escalating tensions European Commission President Ursula von der Leyen struck a collaborative tone amid escalating tensions A central discussion on the opening day of the World Economic Forum’s annual meeting in Davos was Europe’s present and future industrial policy, a day after US President Trump rolled out a wide range of executive orders which will have as many ramifications for global trade as domestic policy. Within hours of taking office, President Donald Trump signed an executive order to suspend further funding from the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA). Olaf Scholz, Federal Chancellor of Germany, said it was clear that President Trump and his government “will keep the world in suspense” with energy and trade policy. “The President… Read More »European leaders reach out as world closes in | Europe