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Top EU economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds

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The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles (EVs) instead. Italy leads with 16 billion euros in subsidies, followed by Germany with 13.7 billion euros. France and Poland…

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Kazakhstan votes to initiate nuclear energy development

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Kazakhstan has voted in favour of developing nuclear energy, with 71.12% of voters supporting the construction of nuclear power plants, according to preliminary results from the Central Election Commission. Of the 7.8 million voters, the majority agreed to the proposal in the referendum held on 6 October. President Kassym-Jomart Tokayev emphasized the need for an international consortium with advanced technology to work in the country, highlighting nuclear energy as a sustainable solution for Kazakhstan’s growing…

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Fossil fuels to supply 40-60% of energy by 2050 despite clean energy push: McKinsey

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A McKinsey report reveals that fossil fuels will continue to provide 40-60% of global energy by 2050, due to slower adoption of electric vehicles (EVs) and challenges in scaling clean energy technologies. Gas will remain a key energy source, stabilizing grids as renewables, though growing, are intermittent. Despite fossil fuel consumption plateauing between 2025 and 2035, investments will persist to ensure energy reliability during the transition. Global energy demand is set to rise by up…

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6. Power Sector and Climate Change

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The power sector has long been the backbone of modern civilization, but the energy it produces has come at a significant environmental cost. Traditional energy sources like coal, oil, and natural gas—collectively known as fossil fuels—have been the primary culprits in emitting greenhouse gases (GHGs), particularly carbon dioxide (CO2). These gases trap heat in the Earth’s atmosphere, leading to what we now know as climate change. For decades, coal-fired power plants were the dominant players…