World Bank says Iran has become world’s 3rd largest energy subsidizer
Iran is the third-largest worldwide provider of subsidies for energy consumption, a new report by the World Bank shows.
Energy
Australia’s transition away from fossil fuels ‘not fast enough’ as wind and solar investment lags
Australian Energy Market Operator head Daniel Westerman says two-thirds of electricity capacity could leave grid by 2030Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastA…
Fixing UK’s draughty homes could add £40bn to economy, says Citizens Advice
Report finds that raising minimum energy efficiency standards by 2030 could have huge impact beyond billsFixing Britain’s draughty homes could add almost £40bn to the economy by the end of the decade by cutting energy use and improving health, accordin…
Starmer reassures North Sea workers as Labour lays out energy and climate plan
Speech in Scotland shows willingness to face energy dilemma head-on, but green groups say fossil fuel end date must come soonScotland was a brave choice as the venue for the launch of Keir Starmer’s new energy and climate policy. Back in March, Rishi S…
EU split over subsidies for coal plants as Poland seeks extension
Luxembourg calls proposal by Sweden ‘astonishing’ as energy ministers gather to discuss overhaulA group of EU countries are fighting attempts by Poland to extend subsidies for coal plants, with Luxembourg’s energy minister describing the proposal as “a…
Labour pledges ‘British jobs bonus’ as it sets out green energy strategy
Party to offer £500m a year for low-carbon sector but says North Sea oil and gas production will continue ‘for decades’UK politics live – latest updatesClean energy companies would be offered up to £500m a year to set up manufacturing in the UK, to bui…
MPs vote to approve Boris Johnson Partygate report – as it happened
Former prime minister censured in his absence, with 354 MPs voting to approve and just seven voting againstBoris Johnson faces loss of Westminster pass as MPs back Partygate reportAt the Labour event Keir Starmer is now speaking. He starts with a jibe …
Australia needs to reduce emissions to net zero by 2038 to do ‘fair share’ to contain global heating, analysis shows
Exclusive: Researchers say government’s climate schedule needs to be brought forward by a decade to keep heating to 1.5CFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastA…
‘No time to waste’: getting Australian homes off gas crucial for meeting net zero targets, report says
Grattan Institute analysis recommends governments help households transition to electric, and ban new gas connections for homes and businessesGet our morning and afternoon news emails, free app or daily news podcastGetting households off gas for heatin…
Iran’s oil exports hit highest record in 5 years despite US sanctions
Iran’s crude exports and oil output in 2023 have hit new highs despite US sanctions, according to consultants, shipping data and a source familiar with the matter, according to a report by Reuters.