Insights

The UK and the Netherlands plan to construct the world’s largest cross-border power line connecting the two countries to offshore wind farms in the North Sea, as reported by Reuters on April 24. This project is intended to strengthen the energy security of both countries and provide green electricity to 1.8 million homes. The cross-border electricity cable will be the...

Australia is set to introduce fuel efficiency standards as part of its new national electric vehicle (EV) strategy, in a bid to catch up with other developed economies in promoting EV adoption, as reported by Reuters on April 19. According to Energy Minister Chris Bowen, the new standards will stipulate the amount of carbon dioxide a car could produce while running. Details of the new EV strategy...

The European Parliament has passed a resolution on Sustainable Carbon Cycles with a vote of 323 to 257, and 59 abstentions, as reported by ESG Today on April 18. Sustainable Carbon Cycles is the European Commission’s action plan to develop sustainable solutions to increase carbon removals. In this resolution, Members of the European Parliament (MEPs) recognized the potential for carbon removals to limit climate change while stressing the need for...

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