Energy
News
Malaysia to have 1,000 EV charging stations by 2025
Malaysia is lagging behind its regional peers when it comes to AC charging stations and DC fast-charging stations and the lack of incentives is to blame. The country now aims to have 1,000 DC rapid charging stations in the next four years.
BRICS summit is likely to strongly oppose carbon tax proposed by EU
Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.
EU parliament committee approves farm subsidy reforms
The European Parliament’s agriculture committee approved a deal to overhaul the European Union’s huge farming subsidies, including new measures aimed at making agriculture greener.
Reports
Talk is Cheap: How G20 Governments are Financing Climate Disaster (Oil Change International)
This report by Oil Change International details public support for energy projects from G20 public finance institutions (such as overseas development aid agencies and export credit agencies) and multilateral development
Sustaining Fuel Subsidy Reform (CFR)
Economists widely agree that the subsidies, which reduce consumer prices for petroleum and natural gas below free-market prices, often strain government budgets, fail to target poverty efficiently, and distribute benefits
Market-Based Instruments for Energy Efficiency (IEA)
This IEA report, commissioned by G7 energy ministers, presents the first global overview of market-based instruments (MBIs) for energy efficiency, such as auctions, energy efficiency obligations on utilities and white