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The EU should welcome a green subsidy race

To IRA or not to IRA? That is the question for EU leaders as they try to agree on how to respond to the Inflation Reduction Act, Washington’s belated but punchy commitment to subsidise the green transition. Europeans are at loggerheads. French and German ministers want a new green industrial policy and European Commission president…
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29 January 2023 0

Europe’s wind industry flags further weakness in 2023 despite energy demand

The European wind industry has warned of continued difficulties in 2023 as high materials costs and slow approvals for new wind power projects drag back profitability, despite rising demand for renewable energy. The latest poor outlook came from Danish wind turbine maker Vestas, which told investors on Friday that it would suffer a weaker year…
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29 January 2023 0

The shock of mass lay-offs is only the beginning for companies

“After almost 8.5 years working at Google, I received notice this morning that I was impacted by the workforce reduction and no longer have a role at the company . . . I envisioned spending my entire working career at Google, so this news has been particularly hard to absorb.” LinkedIn is awash in posts like this from Google…
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29 January 2023 0

Inside the grim world of office spyware

In the space of seven days this month, the chief executive of one global company worked for more than 57 hours, or an average of eight hours a day. He slept for almost exactly the same number of hours. Family and friends got a more meagre 17 hours of his time and he devoted an…
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29 January 2023 0

UK tech start-ups hasten overseas expansion after R&D tax cuts

Leading UK start-ups are accelerating plans to expand overseas as government cuts to research and development tax credits and more generous support elsewhere threaten the UK’s standing as a tech hub. Half a dozen founders of early-stage British tech companies told the Financial Times that the cuts, alongside Brexit and a slowdown in venture capital…
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28 January 2023 0

Climate graphic of the week: Northern Asia suffers extreme cold

The latest in extreme weather trends brought a deep freeze to parts of Asia and the northern hemisphere, while the UK weather agency forecast that carbon dioxide levels would continue to build in 2023 and contribute further to climate change. The deep freeze in northeastern areas of China saw the city of Mohe, known as…
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28 January 2023 0

Carbon counter: heat pumps are a greener, costlier option

In countries experiencing cold snaps, heating is a hot topic. What should one do when a boiler shrugs off its mortal coil? Rush to replace it? Or is it time to switch to a heat pump? That is a crucial question for households looking to save money on energy bills, and also for governments. In…
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28 January 2023 0

Netherlands and Japan join US in restricting chip exports to China

Japan and the Netherlands will restrict exports of chip manufacturing tools to China after reaching a deal with the US designed to make it harder for Beijing’s military to develop advanced weapons. Several people familiar with the trilateral agreement said the countries reached an agreement on Friday after a final round of high-level talks at…
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28 January 2023 0