CrisisWatch

Energy & climate change

Europe

While low industrial activity is reflected in declining coal consumption trends, the share of cheap coal in the overall power mix of multiple EU countries has risen (Germany, UK etc.). This is mainly attributed to the collapse of carbon prices in the EU ETS (linked to the increased allocation of emissions permits)...
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Spain

A human chain of protesters dressed in black marched against the plans for offshore oil exploration in the Canary Islands, on Saturday May 26th, in Lanzarote (see CrisisWatch 2)....
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Italy

The Government is drafting legislation that will introduce serious cuts in the existing framework of incentives for renewables. According to environmental groups and the renewables industry, this move would jeopardise efforts to reach the national 2020 clean energy targets. ...
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Portugal rising sea levels

Due to lack of financial means, as a result of the fiscal crisis and the austerity policies, Portugal’s Environment and Land Planning Minister Pedro Afonso de Paulo stated that the country may be unable to pay for protection of the coastline from the impacts of erosion and rising sea levels. ...
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Kyoto Fund

The Italian Government announced the establishment of a Kyoto Fund, in its “first 100-day” report. Its aim is to channel funds of €600 m., through the support of the banking system and particularly the Cassa Depositi e Prestiti (70% state-owned), to energy efficiency measures implemented by SMEs....
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HELIOS project

Criticism mounts against the HELIOS project for the generation of 10 GW or solar power. According to a report published by the Institute of Energy for South-East Europe in February 2012,...
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Halt on subsidies for new renewables

The national energy regulator stated that the halt on subsidies for new renewables must remain in force at least until 2017, in order to eliminate the €21.8bn deficit of the energy sector, which has been exacerbated by the reduced energy consumption resulting from the economic crisis....
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Oil exploration

On a fast track mode, the Ministerial Council approved oil exploration operations in deep waters offshore the Canary Islands. The approved project includes the drilling of exploratory wells on the seabed at depths of 3,500 m....
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