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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

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For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Nigeria or Algeria cannot do the same for their oil industry. Saudi Arabia and Kuwait might, and should be encouraged to do so. Big green deal. ?This

Carbon 207
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Europe moves forward on the Energy Union; transport key element

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Today, we launch the most ambitious European energy project since the Coal and Steel Community. Latest data shows that the EU imports 53% of its energy at a cost of around €400 billion (US$454 billion), making it the largest energy importer in the world. —Maroš Šef?ovi?, the Vice-President responsible for the Energy Union.