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european commission president ursula von der leyen

Europe to invest €12bn in central Asia for clean energy projects

The first EU-central Asia Summit is being held in Samarkand, Uzbekistan The first EU-central Asia Summit is being held in Samarkand, Uzbekistan European Commission President Ursula von der Leyen has unveiled a €12bn clean energy package from the EU and urged central Asia to capitalise on its clean energy and raw materials potential. Speaking at the plenary session of the first EU-Central Asia Summit, she said, “This region aims to be a clean energy hub: wind in Kazakhstan, solar in Uzbekistan and Turkmenistan, hydro in Tajikistan and Kyrgyzstan. And geothermal across the region. You could produce enough clean energy for your economy and for export. You could turn part of this energy into clean hydrogen.” The announced €12bn Global Gateway Investment Package will kickstart a new pipeline of projects for Central Asia, while a new… Read More »Europe to invest €12bn in central Asia for clean energy projects

Europe unveils €4.4bn investment in South African clean energy | Hydrogen

The European Union (EU) is to invest €4.4bn in South Africa’s clean energy industry as part of a global gateway investment package. South Africa becomes the first country to sign such an agreement with the Europe. It will focus on investment, the clean energy transition, skills, technology, and developing strategic industries along the entire supply chains. The energy funding would come from European financial institutions. The overall package totals €4.7bn which includes €303m in EU grants. European Commission President Ursula von der Leyen said it has started negotiations on the first Clean Trade and Investment Partnership. Trade between South Africa and EU totals €50bn today. “Take the clean hydrogen value chain,” she said. “South Africa has everything to become a global leader: You have clean energy in abundance, from wind to sun. You have raw… Read More »Europe unveils €4.4bn investment in South African clean energy | Hydrogen

Europe launches six-week consultation on Clean Industrial Deal | Europe

European member states have until 25 April to respond to a Clean Industrial Deal consultation, ahead of its planned adoption in June. The Clean Industrial Deal, published last month, is designed as a joint roadmap to boost competitiveness and decarbonisation in the EU. The State Aid Framework accompanying the Clean Industrial Deal (CISAF) will set out how member states can design state aid measures. Once adopted, the CISAF will replace the Temporary Crisis and Transition Framework (TCTF) and is intended to be in place until 31 December 2030. The draft CISAF contains provisions for accelerating the roll-out of renewable energy, for facilitating industrial decarbonisation, and for ensuring sufficient manufacturing capacity in clean technologies. It should also de-risk private investments. … to continue reading this article and more, please login, register for free, or consider subscribing… Read More »Europe launches six-week consultation on Clean Industrial Deal | Europe

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