• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to TASS, Russian Foreign Minister Lavrov stated that Russia remains open to cooperation with the United States, but it is the United States itself that is creating artificial obstacles.February 9th - According to information obtained from Flat Glass Group, the companys sales department recently issued a price increase notice to its customers. Effective February 9th, 2026, the prices of disperse dyes will be adjusted accordingly. Specifically, nine products, including Disperse Black ECT (300%), will see a price increase of RMB 2,000 per ton, while Navy Blue HW-SR will see a price increase of RMB 3,000 per ton. The estimated price increase for these ten products is approximately 10%. A company representative stated that against the backdrop of rising global raw material prices, the companys main disperse dye products have already adjusted prices in line with industry trends, effectively passing on upstream cost pressures. Currently, product prices are showing a stable upward trend. The company will continue to monitor raw material market price trends, optimize its supply chain management and cost control system, and adjust its business strategies in a timely manner to effectively safeguard the interests of the company and all investors.On February 9th, Meituan announced its intention to acquire Dingdong Maicais China business. Following the announcement, some users on social media expressed concerns about Dingdong Maicais future product and service standards. In response to the acquisition, Dingdong Maicai (DDL.N) stated: "Currently, Dingdong Maicais business and team are operating normally and stably, and we will continue to provide high-quality products and services. Furthermore, this year Dingdong Maicai will operate without interruption during the Spring Festival for the ninth consecutive year, and all business teams will comprehensively ensure a smooth Spring Festival consumption experience for users."February 9th - According to statistics from Haikou Customs, during the first week of the Spring Festival travel rush (February 2nd-February 8th), Haikou Customs supervised a total of RMB 1.106 billion in duty-free shopping on Hainan Island, with 191,900 people making duty-free shopping trips and 895,000 items purchased, representing increases of 6.3%, 26%, and 9.4% respectively compared to the previous week.Hong Kong-listed chip stocks continued their upward trend in the afternoon, with Montage Technology (06809.HK) surging over 52.7% on its first day of trading, GigaDevice (03986.HK) rising over 11.5%, Shanghai Fudan (01385.HK) climbing over 10%, and Tianyu Semiconductor (02658.HK), Innoscience (02577.HK), and SMIC (00981.HK) all rising over 5%.

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

Charlie Brooks

May 10, 2022 09:46

R2.png


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.