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6h07/10

IEA Chief Urges EU to Drop Arctic Drilling Ban

The European Union should reverse the current moratorium on drilling in the Arctic, where Norway is pushing to drill if allowed, Fatih Birol, the executive director of the International Energy Agency (IEA), has said. The EU’s moratorium on Arctic drilling was enacted in 2021 due to the bloc’s climate commitments and environmental concerns. The ban does not allow drilling in Norway’s northern parts of the Barents Sea, which is estimated to contain most of the remaining Norwegian oil and gas resou

◇ unclassifiedmiddle-east · russia · usa
1d07/09

Trump’s climate jibes at China and EU just make him look out of date

US President Donald Trump’s negative portrayal of China’s achievements in renewable energy began at a White House meeting with oil executives on January 9 and was amplified at the World Economic Forum later that month. The story he told was shaped more by domestic politics than fact – a narrative that has lingered through subsequent debates over China’s alleged clean-energy “overcapacity”. While such rhetoric might rally support in the American Midwest, it does not withstand scrutiny. Trump’s...

◇ unclassifiedchina · asia · usa
1d07/09

EU Eyes 2040 Electrification Target to Slash Oil and Gas Dependence

The European Commission is set to unveil next week an electrification target for 2040 in a bid to reduce the need for fossil fuels and strengthen the renewable energy sector in the EU, according to a draft proposal seen by Bloomberg News. The Commission, the EU’s legislative arm, is expected to propose on July 17 a target for the share of electrification, still unspecified, as part of the energy consumption in the bloc by 2040. “With decisive action at all levels, Europe can become the first ele

◇ unclassifiedmiddle-east · russia · usa
2d07/09

€305k in one taxable account, thinking about going part time. Am I actually there yet?

I'm in the EU(38M) so there's no 401k, no Roth, no IRA, not even a UK ISA. No tax sheltered retirement wrapper at all. It's all just a plain taxable brokerage at IBKR. Makes the math cleaner but also scarier, since nothing is locked away, it's one account I could nuke any day I lose my mind. My numbers (I'm single): Net worth: ~€305k VWCE (FTSE All-World, accumulating): €230k AGGH (global bonds): €40k P2P: ~€10k Cash buffer: €25k, about a year of expenses No property, I rent a 1 bed at ~€750/mo

Social◇ unclassifiedeurope · uk
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