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☆ Mysterious magma in extinct volcanoes may be filled with elements needed to power the future
▼ + stars: | 2024-09-24 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

Rare earth elements, such as lanthanum, neodymium and terbium, are critical for helping the world break its long, destructive relationship with planet-heating fossil fuels. These materials — so-called rare earths — are not actually that rare but can be challenging to extract as they are often found in low concentrations. They wanted to understand whether this was “a geological accident, or is there something inherent about those iron-rich volcanoes that makes them rich in rare earth elements?” Anenburg told CNN. Pilot Knob National Wildlife Refuge in Missouri, a former iron-ore mine, could also hold rare earth elements. Some experts have suggested there should be more of a focus on recycling rare earth elements rather than mining.

Persons: ”, Michael Anenburg, Anenburg, Jamie Kidston, Lingli Zhou Organizations: CNN, Australian National University, University of, Chinese Academy of Sciences, ANU, Companies, Vrije Universiteit Amsterdam, Wildlife Locations: China, Kiruna, Arctic Sweden, United States, Chile, Australia, Vrije, “, Missouri

☆ Europe opens competition probes covering Chinese solar panel makers over subsidies
▼ + stars: | 2024-04-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The European Union has launched investigations into two groups of companies that include Chinese solar panel makers in the latest salvo against what it suspects is unfair competition from China’s vast manufacturing sector. “There are sufficient indications that both (consortia) have been granted foreign subsidies that distort the internal (EU) market,” the European Commission said in a statement. The European Commission has said it may impose tariffs on Chinese biodiesel imports if dumping is confirmed. Like biodiesel, solar panels are an important part of Europe’s efforts to transition to an economy powered by clean technologies. Last month, Premier Li Qiang told the country’s parliament that China would focus on exporting more of its “new trio” of products, namely electric vehicles, solar panels and lithium batteries.

Persons: Thierry Breton, Jens Eskelund, Li Qiang Organizations: London CNN, European Union, European Commission, Green Energy Technology Co, Shanghai Electric Group Co, European, European Union Chamber of Commerce, EU Locations: Romania, EU, China, Europe

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.

Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California

☆ Why Exxon and Chevron are doubling down on fossil fuel energy with big acquisitions
▼ + stars: | 2023-10-25 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

The largest oil and gas producers in the United States see a long pathway for oil demand," Cahill told CNBC. "There's a major difference between what the big oil companies believe the future of oil is and the governments around the world." "The large companies — nongovernment companies — do not see an end to oil demand any time in the near future. Oil and gas are relatively cheap and easy to move around, particularly in comparison with building new clean energy infrastructure. "By the way, that means the large financial oil companies will be able to weather that environment better than the smaller companies."

Persons: Cahill, Ben Cahill, Goldstein, Larry J, Birol, Fatih Birol, Shon Hiatt, Hiatt, Marianne Kah, Kah, Amy Myers Jaffe, Jaffe Organizations: CNBC, Center for Strategic, International Studies, Petroleum Industry Research Foundation, Energy, Research Foundation, Chevron, Exxon, International Energy Agency, IEA, USC Marshall School of Business ., Columbia University's Center, Global Energy, ConocoPhillips, New York University, Climate Justice, Sustainability, NYU's School, Professional Studies, Exxon Mobil Locations: United States, Africa, Asia, America, U.S, Russia, Venezuela, Iran

“Today we are again facing a crisis in the Middle East that could once again shock oil markets," said IEA Executive Director Fatih Birol. That comes on top of the stress on energy markets from Russia's cutoff of natural gas to Europe over its invasion of Ukraine, he said. Political Cartoons View All 1215 ImagesFossil fuel prices are down from 2022 peaks, but “markets are tense and volatile," said the IEA in the report. “Some of the immediate pressures from the global energy crisis have eased, but energy markets, geopolitics, and the global economy are unsettled and the risk of further disruption is ever present,” it said. “We have solar, wind, nuclear power, electric cars.

Persons: Fatih Birol, “, ” Birol, Birol, ” Organizations: International Energy Agency, Associated Press, Hamas, Israel, Nations, IEA, AP Locations: FRANKFURT, Germany, Gaza, Europe, Ukraine, Israel, China

☆ These stocks are key to improving plastic recycling
▼ + stars: | 2023-09-29 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

"Advanced recycling has immense potential to transform the plastic waste crisis," she said in a recent note to clients. It is a "silver bullet" for recycling plastic waste that can't be processed using traditional methods, she said. Ogundiya said investors have been warded off the theme by what she views as unfounded arguments around the maturity of advanced recycling technology. The idea has also been raised that there's an insufficient need for advanced recycling if plastic is banned. Of the two analysts surveyed by LSEG, one has a buy rating and one has a strong buy rating on Loop.

Persons: Katherine Ogundiya, Ogundiya, recyclers, LSEG, Maire Tecnimont, Eastman, — CNBC's Michael Bloom Organizations: Barclays, American Chemical Society, McKinsey, Companies, Veolia, Waste Management, Republic Services, Cleanaway Waste, LSEG ., LSEG . Republic Services, Wall, Exxon Mobil, Clean Technologies, Industries, LSEG, Eastman, Kodak Locations: U.S, Alba, LSEG, LSEG . Republic, South Korea, France

☆ Net Zero Is Still Possible, but Clean Energy Spending Must Go Faster
▼ + stars: | 2023-09-26 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

At least $4.5 trillion a year in clean-energy investments will be needed by the start of the 2030s to reach net zero by 2050, the IEA said. “We have the tools needed to go much faster,” the report said. It estimates that 80% of the emissions reduction needed by 2030 can come from increasing renewable generation, energy efficiency and electrification, as well as from cutting methane emissions. The new report comes as policies toward green energy globally are at a crossroads, with politicians balancing green ambitions with energy security and a cost-of-living squeeze. “Without efforts to reduce methane emissions from fossil fuel supply, global energy sector CO2 emissions would need to reach net zero by around 2045,” the report said.

Persons: Ajit Solanki, “, Yusuf Khan Organizations: Press, International Energy Agency, IEA, Business Locations: Surendranagar, Gujarat, India, Paris, Ukraine, China

☆ Bill Gates: 'Republicans for climate change action are gold'
▼ + stars: | 2023-09-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +5 min

"Republicans for climate change action are gold," said Bill Gates, the billionaire climate philanthropist and investor, on Thursday at the Climate Forward event in New York City. The number of Republicans convinced that responding to climate change is a priority has "got to be a number that we manage to increase over time," Gates said. That's because climate change mitigation and adaptation will require sustained investment and support from the public and private sector, Gates said. Almost eight in ten Democrats, 78%, consider climate change a major threat, up from 58% ten years ago. Only 23% of Republicans consider climate change a major threat, almost equivalent to the 22% of Republicans who considered climate change a major threat a decade ago.

Persons: Bill Gates, Melinda Gates, Gates, It's, António Guterres Organizations: Breakthrough Energy, Melinda Gates Foundation, The New York, Climate, The Times Center, Pew Research, Washington, Washington D.C, United, United Nations Locations: New York City, United States, Gates, Paris

☆ Britain set to roll back climate pledges, enraging campaigners and auto groups
▼ + stars: | 2023-09-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

U.K. Prime Minister Rishi Sunak speaks to the media during his visit to Shell St Fergus Gas Plant in Peterhead on July 31, 2023 in Aberdeenshire, Scotland. LONDON — U.K.-based industry bodies and automakers on Wednesday criticized British Prime Minister Rishi Sunak, amid reports that he is preparing to dilute several key net-zero climate pledges. A press representative for the prime minister's office declined to comment on the BBC report. However, interior minister Suella Braverman on Wednesday insisted in broadcast comments that the prime minister's approach to green policies was "pragmatic." On the long term, weakening the UK climate policies "could hurt economic growth by undermining domestic and overseas investment in a range of sectors that are developing and deploying clean technologies, such as heat pumps and electric vehicles.

Persons: Rishi Sunak, Sunak, Lisa Brankin, Brankin, Mike Hawes, Chris Skidmore, Suella Braverman, Bob Ward, Chris Hewett Organizations: Shell St Fergus Gas Plant, LONDON, British, BBC, Ford, Society of Motor Manufacturers, Traders, Ministers, Conservative Party, Labour, Grantham Research, Solar Energy Locations: Shell, Peterhead, Aberdeenshire, Scotland, Britain, Grantham, U.S, China, EU, India

Yes to life" take part in a anti-lithium protest in Covas do Barroso, Portugal, August 15, 2023. With 60,000 tonnes of known reserves, Portugal is already Europe's biggest producer of lithium, traditionally mined for ceramics. Referring to the Barroso project and another in France, he said it would be "a disaster if either ... doesn't succeed". But with only 15 of 916 submissions in a public consultation supporting the project, Savannah faces a struggle to win over locals who have said they will fight it and the APA in court. "Politicians listen to those who shout loudest and have most money - and that's the mining industry," she said.

Persons: Catarina Demony, Maria Loureiro, Loureiro, Barroso, Martin Jackson, , Savannah's, Michael Schmidt, doesn't, Schmidt, Nelson Gomes, Greta Thunberg, Karin Kvarfordt Niia, LKAB's, Anders Lindberg, UDCB's Catarina Alves Scarrott, Aida Fernandes, Barroso's, Dale Ferguson, Ferguson, Emanuel Proenca, Teresa Camille, Gunilla Hogberg Bjorck, Miguel Pereira, Covas do Barroso, Pietro Lombardi, Simon Johnson, Aislinn Laing, Catherine Evans Organizations: REUTERS, Savannah Resources, DO BARROSO, EU, Agriculture Organization, CRU, APA, State, Barroso, Reuters, UDCB, Thomson Locations: Covas do Barroso, Portugal, Barroso, China, London, Savannah, Europe, France, Kiruna, Sweden's, Montalegre, Scarrott, Portuguese, EUROPE, Chile, Covas, Karr, Covas do, Madrid, Stockholm

☆ Time to target fossil fuel demand, not supply
▼ + stars: | 2023-09-11 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

Campaigners are, of course, right that the world needs to cut its use of fossil fuels. But focussing on curbing supply is not as effective as pushing for measures that cut demand - such as carbon taxes, faster permissioning of renewable energy and green subsidies. International climate negotiators are also wrangling over whether to “phase down” fossil fuels. Demand for fossil fuels will fall if they are more expensive - and economies will have a strong incentive to switch to renewable energy. Regulation is another method for driving down demand for fossil fuels.

Persons: Ajay Banga, Luiz Inacio Lula da Silva, Narendra Modi, Cyril Ramaphosa, Joe Biden, Evan Vucci, wouldn’t, George Hay, Thomas Shum Organizations: World, Indian, REUTERS Acquire, Reuters, OPEC, European Union, EU, Thomson Locations: New Delhi, India, Saudi Arabia, Russia, Nations, Canada, United States, OPEC, China, U.S, United Kingdom, EU

☆ What is the world's first 'global stocktake' on climate change?
▼ + stars: | 2023-09-08 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

REUTERS/Alexandros Avramidis/File Photo Acquire Licensing RightsBRUSSELS, Sept 8 (Reuters) - Nearly 200 countries meeting at this year's United Nations COP28 climate change summit will assess just how far off track they are from meeting promises to stop global warming as part of a process called the "global stocktake". The global check-in on what countries have done, so far, to prevent more disastrous climate change - is scheduled to be released on Friday. It is expected to be politically divisive, and could set the stage for the next few years of global action to slash the greenhouse gas emissions causing climate change. NOT ON TRACKCountries already know what the global stocktake will say: they are not on track. Diplomats say some developing countries have indicated in recent U.N. climate talks that the stocktake should focus on pressuring wealthy nations to step up.

Persons: Alexandros Avramidis, Sultan al, Jaber, Kate Abnett, Tomasz Janowski Organizations: REUTERS, Rights, Paris, United Nations, United Arab, Reuters, Thomson Locations: Czech, Provatonas, Evros, Greece, Rights BRUSSELS, Nations, Paris, United Arab Emirates

That is by far the most ever spent on clean energy in a year. Solar and Wind Power Have Taken Off Electricity generation per year, in terawatt hours China 600 TWh 500 Solar Wind U.S. China 400 E.U. It would shred regulations designed to curb greenhouse gases, dismantle nearly every federal clean energy program and boost the production of fossil fuels. 1 2 3 4 5 Even Tulsa, with its strong links to oil and gas, is embracing clean energy. “But we also understand that energy is energy, whether it is generated by wind, steam or whatever it might be.”Around the country, clean energy is taking root in unlikely locales.

Persons: ”, Fatih Birol, Al Gore, Crews, Francis Energy, Dewey, Bartlett Jr, “, J.W, Peters, Mr, Lazard, Gregory Nemet, —, Biden, Tesla, Giovanni Bertolino, Jon Creyts, Steve Uerling’s, Uerling, Cathy Zoi, It’s, Mary Barra, ’, Barra Organizations: Buses, Port, International Energy Agency, India India, Energy, The New York Times, Heritage Foundation, Republican, Ford, University of Tulsa’s School of Petroleum Engineering, “ Oil, Drillers, Navistar, Public Service Company of Oklahoma, Francis, Solar Power, U.S . Steel, Gas, University of Wisconsin -, Panasonic, United, European Union, United States ’, General Motors, RMI, Ford Fusion, Tesla, Postal Service, Amazon, Peterbilt, Companies, Francis Energy, BMW Group, Honda, Hyundai, Kia, Benz Group Locations: Pittsburgh, Milwaukee, Port of Los Angeles, Houston, Europe, United States, America, China, Britain, terawatt, India, U.S, States, Beijing, London, Tokyo, Washington, Oslo, Dubai, Tulsa, Okla, Italian, Oklahoma, Oklahoma City, Texas, Galveston, In Arkansas, Republican, University of Wisconsin - Madison, Georgia, Korean, Nevada, tailpipes, California, New York, San Francisco, Canada, South Korea, Russia, Ukraine, Steve Uerling’s Tulsa, E.U, G.M

☆ Morgan Stanley says these 5 stocks are ways to play the green housing market
▼ + stars: | 2023-07-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Morgan Stanley said high utility costs and growing awareness may drive a consumer shift to environmentally friendly products in housing — and there's a group of stocks that could benefit. That recovery should be driven by growing activity in the single-unit housing market, analyst Laura Sanchez said in a July 26 report. Morgan Stanley has five stocks with overweight ratings across the green housing landscape. Both Sunnova and Sunrun have monster rebounds expected after underperforming the market so far this year. The average analyst holds a buy rating, while the average price target implies the stock's 2023 rally could be coming to an end, according to Refinitiv.

Persons: Morgan Stanley, Laura Sanchez, Sanchez, Sunrun, Johnson, — CNBC's Michael Bloom Organizations: NOVA, Trane Technologies Locations: U.S, California, Mexico

WASHINGTON, June 22 (Reuters) - The U.S. Senate voted overwhelmingly on Thursday in favor of a tax treaty with Chile seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries. The Senate backed ratification by 95-2, comfortably over the two-thirds supermajority required to approve treaties in the 100-member chamber. Business interests have been pushing for the tax agreement for years. "If the United States is serious about remaining ahead of countries like China, it's imperative we pass this treaty today," Schumer said. Chile announced a plan to expand lithium mining in the country in April in an attempt to regain its position as the world's top lithium producer.

Persons: Joe Biden, Rand Paul, Chuck Schumer, Schumer, Patricia Zengerle, Sandra Maler, Jonathan Oatis Organizations: U.S, Senate, White, U.S . Senate, Republican, U.S . Chamber, Commerce, Democratic, Thomson Locations: Chile, U.S, United States, China

The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and solar as well as other clean technologies such as batteries and grid infrastructure. "You have folks now that are really trying to focus their portfolio construction around the different sub-sectors in infrastructure," Giordano said, citing increasing demand from pension schemes attracted to assets that match long-term liabilities. As a result, the company said it is targeting between $5 billion and $7 billion for its fourth fund, after $4.8 billion was raised for its predecessor, which closed in April 2021. Among the investments made by the third fund was one in high-power charging network IONITY, which raised 700 million euros in November. Depending on the amount raised, the fund could make around 18-22 investments across a mixture of early stage and developed projects, Giordano said, and could also consider co-investments.

Persons: BlackRock's Giordano, Climate Infrastructure David Giordano, Giordano, Simon Jessop, Susanna Twidale, Elaine Hardcastle Organizations: BlackRock's, LONDON, BlackRock, Renewable Power Fund, Economic Co, Climate Infrastructure, Reuters, European Union, International Energy Agency, Waratah Super Battery, Thomson Locations: United States, Australia, Europe, Americas, Asia

ISTANBUL, June 6 (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Airlines are relying for 62% of their emissions reduction target on the fuel, which is currently between two to four times more expensive than kerosene. Walsh said airlines were not afraid to confront the fact that their share of total emissions will rise as other industries with fewer technological hurdles decarbonise. "Different parts of the world are moving at different paces and for us, representing global airlines, we've got to factor all of that into account." One thing airlines agreed on was frustration at aircraft delays, which have disrupted their schedules, with CEOs asking IATA to lobby planemakers.

Persons: Willie Walsh, Walsh, Jo Dardenne, Tim Clark, Clark, we've, Joanna Plucinska, Tim Hepher, Andrew Heavens, Sriraj Kalluvila, Alexander Smith Organizations: Aviation, International Air Transport Association, Sustainable Aviation Fuel, SAF, Transport, Environment, Dubai's Emirates, Reuters, Thomson Locations: ISTANBUL, Istanbul, planemakers, United States, Dubai

☆ UK's Sunak seeks stronger economic ties with U.S. on Washington trip
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 6 (Reuters) - Britain wants to put its economic ties with the United States on the same footing as the two countries' defence and security cooperation to help both counter global threats, Prime Minister Rishi Sunak will tell President Joe Biden this week. Having left the European Union, Britain is seeking to further align itself with Washington to help navigate a more volatile world driven by the rise of China, the aggression of Russia and the development of Artificial Intelligence. Sunak will meet Biden, U.S. business leaders and members of congress this week, arguing that the existing ties between the two countries mean they are better placed to take on the new challenges together. [1/3] Prime Minister Rishi Sunak arrives at Andrews Air Force Base in Prince George's County, Maryland, ahead of his visit to Washington DC. Writing by Kate Holton; additional reporting by Bharat Govind Gautam in Bengaluru Editing by Elizabeth PiperOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Joe Biden, Sunak, Niall Carson, Biden, Kate Holton, Bharat Govind Gautam, Elizabeth Piper Organizations: European Union, Artificial Intelligence, Biden, Andrews Air Force Base, Washington DC, Thomson Locations: United States, Britain, Washington, China, Russia, Prince George's County , Maryland, Brussels, London, Bengaluru

☆ Stellantis, LGES implementing 'contingency plans' for battery plant in Canada
▼ + stars: | 2023-05-13 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

[1/2] A Stellantis sign is seen outside the company's headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File PhotoOTTAWA, May 12 (Reuters) - Automaker Stellantis (STLAM.MI) and South Korea's LG Energy Solution (373220.KS) (LGES) are implementing "contingency plans" related to a more-than C$5 billion ($3.7 billion) battery plant investment in Canada because the federal government has not delivered on its promises, a Stellantis spokesperson said on Friday. "As of today, the Canadian Government has not delivered on what was agreed to, therefore Stellantis and LG Energy Solution will immediately begin implementing their contingency plans," Stellantis said in a brief emailed statement, without elaborating. LGES and Stellantis announced the investment last year to establish a large-scale, domestic, electric vehicle battery manufacturing facility in Canada. Canada's deal with Volkswagen for a battery gigafactory, announced this year, is the biggest single investment ever in the country's electric-vehicle supply chain.

☆ Canada offering more than C$13 bln for VW battery plant - govt source
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

Companies Volkswagen AG FollowOTTAWA, April 20 (Reuters) - Canada has agreed to provide up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant to lure Volkswagen AG (VOWG_p.DE) into building its North American battery plant in the country, a government source said on Thursday. The carmaker declined to comment on the subsidies, which the source said would be disbursed over a decade. The plant will cost about C$7 billion to build, the source told Reuters, confirming an earlier report by Bloomberg News. The new Volkswagen battery plant in Canada will have a maximum capacity of 90 gigawatt hours, enough to provide batteries for more than a million cars annually, Handelsblatt reported, citing a company source familiar with the matter. PowerCo, set up last year, is targeting more than 20 billion euros ($21.94 billion) in annual sales by 2030.

☆ Rich countries and India should cut a climate pact
▼ + stars: | 2023-04-10 | by ( Hugo Dixon | ) www.reuters.com time to read: +6 min

Emissions from the world’s most populous country are only 7% of greenhouse gases but are growing fast while those produced by rich countries have largely peaked. To do so, it will need policies that incentivise green investment, including accelerating its plans for carbon pricing. Rich countries can also help, even at a time when their budgets are stretched. India could then be much more ambitious in its transition plan and the G7 and other rich countries could mobilise funds, focussing on key bottlenecks. But if the central government comes up with a solution, rich countries could help fund it.

☆ Reactions: Canada 2023/24 budget deficit to jump, Ottawa to boost spending
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +7 min

JULES BOUDREAU, SENIOR ECONOMIST, MACKENZIE INVESTMENTS"The surprise was more on the revenue side more than the spending side. Prior to this budget we were not eligible for the carbon capture utilization and storage (CCUS) investment tax credit, but they have now broadened the eligibility parameters." "The big open question, heading into this budget was how was Canada going to react to the Inflation Reduction Act ... MARK ZACHARIAS, EXECUTIVE DIRECTOR OF CLEAN ENERGY CANADA"We thought today's budget was generally excellent and it sets Canada on a path for prosperity. "The investment tax credits for clean tech manufacturing positions Canada as a leader, particularly in zero-emissions vehicles."

☆ Factbox: Canada budget 2023-24: key measures and proposals
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

OTTAWA, March 28 (Reuters) - Here are some of the key government measures and proposals outlined in the 2023-24 budget presented by Finance Minister Chrystia Freeland on Tuesday. - Dental Care expansionProposal to introduce legislation to for a new dental care plan which will provide dental care to uninsured Canadians with family income less than C$90,000 annually. - Right to repairGovernment to work toward implementing a right to repair, aimed at making it easier and cheaper to repair home appliance and electronics. - Standard charging portGovernment to explore implementing a standard charging port in Canada for phones, tablets, cameras, laptops and other electronic devices. - Clean Technology Manufacturing Investment Tax CreditProposal for a refundable tax credit equal to 30% of the cost of investments in machinery and equipment used to manufacture or process key clean technologies, and extract, process, or recycle certain critical minerals essential to clean technology supply chains.

☆ EU and US green arms race misses bigger picture
▼ + stars: | 2023-03-16 | by ( Rebecca Christie | ) www.reuters.com time to read: +6 min

BRUSSELS, March 16 (Reuters Breakingviews) - The European Union’s pushback on aggressive U.S. green production incentives is taking shape. In pushing back against Washington’s green industrial aid, Europe has a case for deploying trade and state-aid means in the short term to support its green industries. An expensive green arms race with its allies would be the wrong road to go down. The European Union on March 9 announced that it would loosen state aid rules up until 2025 to give member states more scope on green technology subsidies. Other responses to the 2022 U.S. Inflation Reduction Act, which includes $369 billion in green technology subsidies, are in the works.

☆ Scholz to seek reforms to boost EU competitiveness at Brussels summit
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

BERLIN, March 16 (Reuters) - German Chancellor Olaf Scholz said on Thursday he will seek to boost European competitiveness through reforms at an EU summit in Brussels next week, including making state aid more flexible and completing capital markets and banking unions. In a speech to the German Bundestag, Scholz urged the European Union to pull together to face a raft of challenges, including in response to a massive U.S. subsidy programme for clean technologies known as the Inflation Reduction Act. The EU is unveiling a Critical Raw Materials Act aimed at keeping pace with the United States and China in access to raw materials. Scholz said raw material security will also top the agenda when he visits Japan for talks this week. Turning to the war in Ukraine, Scholz said that EU member states will agree further measures to improve the continued supply of arms and ammunition to Kyiv, without going into specifics.

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