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The European Union s Innovation Fund, a 40 billion euros ($43 billion) investment initiative, has experiened early setbacks. These challenges raise concerns about achieving the EU s 2040 climate targets. Despite setbacks, the fund continues to allocate funding to innovative clean technologies, prioritizing investments with potential despite inherent risks. ....
(Bloomberg) A solar panel manufacturer that’s laying off workers. A battery maker that spurned Europe for American subsidies. A green hydrogen project stalled for lack of electricity.Most Read from BloombergTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksA Million Simulations, One Verdict for US Economy: Debt Danger AheadErdogan Suffers Historic Loss in Turkey Municipal ElectionsTrump Media’s Business Doesn’t MatterCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownT ....
(Bloomberg) European carbon fell below €55 a ton for the first time in more than two years as falling gas prices combine with mild weather and soaring renewable energy production to sap demand for permits to pollute. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InChina Stocks’ Insipid Reopen Adds Pressure on Beijing to Do M ....
Renewable Power Is Booming in Europe and Crashing Its Carbon Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.