fuel
Eni said in a statement on its website on Tuesday that it has signed a temporary exclusivity agreement with KKR, a leading global investment firm, aimed at progressing the due diligence phase and completing the drafting of the documents related to the sale of a 20% to 25% stake in Enilive. The Italian energy group said it was based on a valuation of the company between €11.5 billion and €12.5 billion. "While a final transaction is subject to agreeing definitive documentation, both parties are committed to negotiating the terms of a potential transaction. This step represents another example of...
Euronews (English)
Battery manufacturers and electricity power companies penned a letter to EU lawmakers today (July 4) urging them not to withdraw the ban on combustion cars by 2035 and to instead direct efforts towards Europe’s e-mobility ecosystem and make EU industry competitive. The letter with nine signatories, including Eurelectric, Eurocities, the International Copper Association Europe, and Transport & Environment (T&E), came in response to a European People’s Party (EPP) draft document which pointed to weakening the bloc’s plan to phase-out internal combustion engine (ICE) vehicles. Led by Eurelectric,...
Euronews (English)
Campaigners have warned that an International Maritime Organization (IMO) ban on heavy fuel oil may not reduce the use of the polluting marine fuel for another five years. From today, ships going through Arctic waters can no longer use or carry heavy fuel oil (HFO) under a UN shipping agency regulation that the IMO adopted in 2021. The ban is intended to prevent devastating environmental impacts on the sensitive Arctic region and its wildlife. But environmental groups are pointing to loopholes - such as geographic scope, exemptions and waivers - which mean many ships are still eligible to carr...
Euronews (English)
Lufthansa is adding an environmental charge to its ticket prices. The German airline group says the funds are needed to comply with EU regulations on reducing emissions. A fee of up to €72 will be added to fares to offset the cost of introducing sustainable aviation fuels (SAFs) and other carbon-cutting initiatives, the group says. The fee will come in on flights from 1 January 2025. Lufthansa is one of the first in Europe to introduce a fee like this but it could be a sign of things to come from other airlines. Which flights will the environmental charge be added to?Airlines have warned for y...
Euronews (English)
Thousands of cases of high blood pressure, diabetes and dementia across Europe could be linked to tiny particles emitted by planes, according to a new study commissioned by campaign group Transport & Environment (T&E). More than 10 per cent of Europe’s total population - 52 million people - live within a 20km radius of the 32 busiest airports in the continent. This means they are particularly exposed to these ultrafine particles (UFPs) emitted by the jet engines of planes that take off and land there. Some studies suggest UFPs may be linked to an increased risk of respiratory diseases, cardiov...
Euronews (English)
The cost of your next flight is likely to go up, according to industry experts. That's the word from the International Air Transport Association, which held its annual meeting on Monday in Dubai, home to long-haul carrier Emirates. While airlines continue to recover from worldwide groundings during the coronavirus pandemic, industry leaders told journalists that there are several costs likely to push ticket prices ever higher. Part of that comes from worldwide inflation, an ongoing problem since the pandemic started. Jet fuel costs, roughly a third of all airline expenses, remain high. Meanwhi...
Euronews (English)
The bank cut its 2022 growth forecast to 4.6 percent.
MANILA, KOMPAS.com \- The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices. While the impact of Covid-19 had eased, the region was now grappling with the fallout from Russia's invasion of Ukraine, lockdowns in China, and aggressive interest rate hikes, the Philippines-based bank said. To reflect the deterioration across developing Asia – which stretches from the Cook Islands in the Pacific to Kazakhstan in Central Asia – the bank cut its 2022 gr...
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