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Kremlin: Dmitriev will brief Putin on the US proposals regarding a possible solution to the Ukraine crisis upon his arrival in Moscow.On Monday, December 22, the Hang Seng Index closed up 111.24 points, or 0.43%, at 25,801.77; the Hang Seng Tech Index closed up 47.79 points, or 0.87%, at 5,526.83; the H-share Index closed up 38.45 points, or 0.43%, at 8,939.68; and the Red Chip Index closed up 24.0 points, or 0.59%, at 4,075.4.December 22nd - According to sources within the supply chain, in response to the most dramatic price surge in the global memory chip market in nearly five years, an executive from a leading global PC manufacturer recently made intensive visits to major global memory chip manufacturers, including Samsung Electronics, SK Hynix, and Micron, and has reached preliminary supply guarantee agreements with these suppliers. The source did not disclose which leading PC manufacturer this was, but industry analysts believe that Lenovo or HP are currently the two companies most likely to possess this negotiating power. Lenovos PC business held a 25.5% global market share in the latest quarter, while HPs was 19.8%.Hong Kong Stock Exchange: As of December 19, 106 newly listed companies raised HK$274.6 billion through initial public offerings (IPOs).The UK FTSE 100 index opened down 40.31 points, or 0.41%, at 9857.11 on Monday, December 22; the French CAC 40 index opened down 12.31 points, or 0.15%, at 8139.07; the Euro Stoxx 50 index opened down 2.45 points, or 0.04%, at 5757.90; the Spanish... The IBEX 35 index opened down 39.27 points, or 0.23%, at 17,130.53 on Monday, December 22; the Italian FTSE MIB index opened up 12.95 points, or 0.03%, at 44,770.50 on Monday, December 22; and the German DAX 30 index opened down 3.12 points, or 0.01%, at 24,292.83 on Monday, December 22.

EU Plans to Issue One-year Renewable Energy Licenses to Accelerate Green Shift

Charlie Brooks

May 10, 2022 09:46

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A draft paper indicates that the European Union executive aims to accelerate the bloc's green transition and reduce its dependency on Russian fuels by allowing some renewable energy projects to acquire permits within a year.


Brussels will present next week a package of steps to decrease the European Union's dependence on Russia by promoting renewable energy, conserving energy, and expanding gas imports from other countries.


The draft legislative proposal indicates that the European Commission will propose rules forcing countries to designate "go-to zones" of land or water suitable for renewable energy projects, where such projects would have minimal environmental impact.


This could be extended by three months under "exceptional circumstances."


This is in contrast to the EU's present two-year deadline for permitting such schemes, which can be extended by an additional year. According to the plan, projects outside of go-to locations would adhere to this timeframe.


However, renewable projects frequently suffer even lengthier delays due to red tape, local opposition, or concerns about safeguarding endangered species, generating concerns that the bloc may struggle to increase wind and solar energy quickly enough to fulfill climate change objectives.


According to the Hellenic Wind Energy Association, it typically takes eight years to approve wind energy projects in Greece.


"Renewable energy sources are essential to combat climate change, cut energy prices, lessen the Union's reliance on fossil fuels, and safeguard the Union's supply security," the document stated.


The approval and construction of renewable energy projects would be deemed to be in the "overriding public interest," allowing for a streamlined evaluation. The proposal said that EU people will continue to have the ability to participate in project choices.


Avoiding protected regions and bird migration routes, priority would be given to constructed areas such as rooftops, roads and railways, industrial sites, and public land surrounding them.


The general areas would be subject to an environmental review, but individual projects would no longer require one unless they had a major impact on the environment in another EU country, according to the proposal.


Smaller projects with a capacity of less than 150 kW in go-to zones would experience a six-month approval process, or nine months if there are safety or power system impact concerns.


The expedited permission rules would not apply to facilities that generate energy by burning biomass.