Germany has set out its plan to claw back 90% of the earnings from some clean power generators as the government seeks funding for its consumer aid package.

The government is planning to skim earnings above €130 a megawatt-hour for solar, wind and nuclear, according to a draft law seen by Bloomberg News. Politicians are trying to reclaim some of the profits that companies like RWE AG are making from high power…

Lignite mills will be taxed on their earnings of over 52 euros per megawatt hour, and oil plants of 28 euros.

Germany Sets Windfall Tax at 90% for Clean Power Generators | Devamı>>>

Türkiye could increase its GDP by as much as US$8 billion per year, create more than 300,000 new jobs by 2030, and reduce greenhouse gas emissions by 8 percent compared to the 2019 level – all by investing in renewable energy rather than continuing to rely on fossil fuels. These are the findings of a joint analysis released today in Ankara by the United Nations Development Programme (UNDP) and the International Labour Organization (ILO). Investing in wind and solar power to satisfy future energy needs would thus yield not only environmental benefits but also strong economic ones, in terms of growth, job creation and the trade balance.

Green Could Create 300,000 Jobs for The Turkish Economy by 2030 | Devamı>>>

Record production in green energy, despite 23.5% growth in electricity demand, reduced India’s dependence on coal in May, reducing its utilities increased coal stocks.

While increasing supply from renewable resources has led to an extraordinarily rapid increase in demand, forcing the country to reopen mines and revert to importing fuel, while India has made progress towards easing the coal shortage, the share of renewable energy resources in energy production decreased to 10.2% in April and May.

Renewable Energy Production Record Breaks in India in May | Devamı>>>