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☆ Cuba fuel shortages spark fistfights, queues and holiday cutbacks
▼ + stars: | 2023-05-01 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +5 min

Havana, Cuba CNN —As the gas lines grow longer, tempers in Cuba are growing shorter. Since mid-April, Cuba has been beset with its most dire fuel shortages in years, prompting comparisons to the severe disruptions Cubans suffered after the fall of the Soviet Union. Lines stretch for blocks even at gas stations where there has been no fuel for days. Taxi drivers wait in line to fill fuel at a petrol station in Havana. “How can we go to May Day when we have to be in a line for gas,” she said.

TOKYO, March 31 (Reuters) - Japan, the world's fifth-biggest carbon dioxide (CO2) emitter, will begin a carbon pricing scheme in stages from April to encourage companies to curb emissions and achieve its goal of carbon neutrality by 2050. The country is the latest among Asian nations to formulate plans to create a carbon pricing mechanism and emissions trading system. The scheme, based on METI proposals and approved by the cabinet this year, consists of emissions trading and a carbon levy. The carbon levy will be introduced from around 2028/29 on fossil fuel importers such as refiners, trading houses and electricity utilities. The introduction of emissions trading and carbon surcharges mark "a significant shift in Japan's climate change policy", said Tohru Shimizu, senior researcher at the Japan's Institute of Energy Economics.

☆ Why Silicon Valley is so hot on nuclear energy and what it means for the industry
▼ + stars: | 2022-12-02 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +13 min

Pallava Bagla | Corbis News | Getty ImagesVenture capitalists in Silicon Valley and other tech hubs are investing money in nuclear energy for the first time in history. This surge of private investment will be a positive for the industry, agrees John Parsons, an economist and lecturer at MIT. Nuclear energy is "a very complex science, and it's been supported by the federal government and at these national labs. In the 1960s and 1970s, large conglomerates constructed big nuclear power plants, and those projects often ran over budget. New generations of nuclear reactors will have different sizes, different coolants and different fuels, explained Matt Crozat, senior director of policy development at the Nuclear Energy Institute.

☆ Cuba says its allies have pledged help to end its economic crisis
▼ + stars: | 2022-11-30 | by ( Marc Frank | ) www.reuters.com time to read: +3 min

HAVANA, Nov 30 (Reuters) - China, Russia, Algeria and Turkey have pledged to restructure Cuba's debt, provide new trade and investment financing, and help ease an energy crisis, Cuban President Miguel Diaz-Canel told state-run media following a rare trip abroad last week. Cuba's debt with business partners and suppliers has ballooned, leading some to refuse to do business with Cuba unless it is in cash, according to foreign business and diplomatic sources with knowledge of recent transactions. Cuba's current foreign debt is considered a state secret. Prior to the pandemic, in 2019, the Caribbean island nation reported its foreign debt at $19.6 billion. "There is no short-term solution to Cuba's electric power sector challenges; the system is old, tired and broken.

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