In New Jersey, Governor Murphy announced that the state will aim to achieve 100% clean energy 15 years ahead of schedule, drawing intense criticism from those pointing out the additional costs to consumers.
Spain’s trade deficit has more than doubled due to a surge in energy imports, highlighting the importance of promoting policies that reduce dependency on foreign energy.
The GOP has committed to addressing an energy package next month, as the IEA boosted its global oil demand forecast as China’s economy reopens, indicating that the energy industry is still a crucial aspect of the global economy.
In the UK, the government’s ‘rollercoaster’ plans for energy bill support have been criticized, highlighting the importance of stable and consistent energy policies to attract investment and security.
Meanwhile, the Treasury Department is set to roll out a new $10 billion program for energy subsidies, which is aimed at supporting the development of clean energy technologies.
Californians are experiencing sticker shock as gas prices soar, with some households receiving gas bills upwards of $900, a result of increased regulations and constraints on pipelines and gas storage facilities.
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Finally, the OPEC chief has urged climate negotiators to “look at the big picture” and encouraged oil investments, emphasizing the need for a balanced approach to energy development and sustainability.
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