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Policy
People's Republic of China
2020
Adjustments and improvements to Subsidy Policies for New Energy Vehicles
…State Council decided to extend until 2022 the subsidies for new energy vehicles (NEVs) including electric vehicles, plug-in hybrids and fuel cell vehicles, in order to alleviate the impact of Covid-19 on car sales and fuel. The subsidies, which were introduced in 2009, were due to be curtailed in 2020. The government set a target for NEVs to account for a fifth of auto sales by 2025, compared to the current 5 percent. Extending the subsidies aims to buffer the impact of the pandemic, boost car sales and increase the sector's competitive edge. Under the new plan…
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Policy
European Union
2021
Renewed Sustainable Finance Strategy - initiative foreseen in Q4 2020
…strategy was laid out to further connect finance with sustainability, under the European Green Deal framework. It included ten key actions that can be divided into three categories: reorienting capital flows towards a more sustainable economy, mainstreaming sustainability into risk management, and fostering transparency and long-termism. It aims to provide the policy tools to ensure that financial system genuinely supports the transition of businesses towards sustainability in a context of recovery from the impact of the COVID-19 outbreak. The renewed strategy will contribute to create a framework for private investors and the public sector to facilitate sustainable investments.
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Policy
United States
2020
Coronavirus Aid, Relief, and Economic Security (CARES) Act
…economic relief bill addressing the economic impacts to companies and individuals during the Covid-19 pandemic. Public transit operators, Amtrak, other commuter rail operators, airlines and airports were provided with liquidity measures to cover eligible capital, operating, and other expenses generally eligible under those programs to prevent, prepare for, and respond to COVID-19. In addition it includes:- $99.5 million for the DOE Office of Science and the National Nuclear Security Administration to support personnel, equipment and operations of facilities.- $3.5 million for the Nuclear Regulatory Commission to prevent, prepare for and respond to the COVID-19 pandemic.
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Policy
Colombia
2020
Decree 637 of 2020 - Reduction of regulatory restrictions for oil, mining and gas sectors
…national territory and for a term of 30 calendar days, to face the effects of COVID -19.
In the mining-energy sector, these measures guarantee the provision of service to balance effects from the pandemic for the different agents of the production chain and for users, to make the mechanisms, costs and fees associated with the provision of public services and activities more efficient and sustainable.
This decree also aims to establish effective mechanisms to mitigate the impacts of the emergency with regard to the services and projects in the sector. It also aims to facilitate credit lines and guarantees… -
Policy
European Union
2020
EU Skills Agenda
The European Union has placed a strong emphasis on a green and digital transformation of its economies, including directing sizeable Covid-19 economic recovery into these areas. The lack of basic digital skills is currently limiting EU countries’ ability to capitalise on emerging opportunities in the clean energy sector. As a result, the European Union is planning for a major skills revolution in both the green and digital spaces. Within ten years, nine out of ten jobs will require digital skills but only around 44% of Europeans are estimated to have basic digital skills and only one in five have…
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Policy
Canada
2021
Strategic Innovation Fund
…industry, supports clean technologies, and reduces greenhouse gas emissions. In October 2020, the Government of Canada announced that CAD 100 million of SIF's funds from 2021-2024, would be administered through the Clean Resource Innovation Network. This initiative aims to accelerate the development and adoption of innovative technologies and processes that seek to lower the oil and gas industry’s environmental impacts, including clean tech and emission-lowering solutions. The funding was provided acknowledging the impacts of the COVID-19 pandemic, and aims to help the oil and gas sector rebound, create jobs, and reduce its greenhouse gas emissions.
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Policy
Australia
2022
Environmental approval for Hunter Power project (gas-fired power plant)
The Hunger Power Project's environmental standards, approved by the Australian government, will begin its 660 MW gas-fired power plant at Kurri Kurri with AUD 600 million in government funding. The project will secure affordable, reliable power and create 600 direct jobs and 1,200 indirect jobs. The Hunter Power Project also supports the objectives of the government’s gas-fired recovery program, which is crucial to recover the economy from the impacts of the COVID-19 pandemic.
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Policy
Chile
2020
Electricity bill postponement due to the Covid-19 crisis
During the emergency status due to the Covid-19 crisis, the president of Chile announced temporary measures aiming the postponement of electricity bills for the most vulnerable households (7 million)
Three main measures were taken:
- the service cut-off due to late payment were suspended,
- Unpaid balances that arise during the emergency status were prorated in the following accounts over a period of 12 months, from without penalties or interest,
- Customers with debts less than 10 UF accumulated before the emergency status could also prorate their debts under the same mechanism, and in cases where the service was cut off… -
Policy
Japan
2020
Special measures to address difficulty paying electricity and gas charges
In 2020, the Japanese Ministry of Economy, Trade and Industry requested to electric and gas companies to take flexible measures- such as postponing payment of charges for both households and companies facing difficulties in paying electricity and gas bills due to effects of the COVID-19 crisis. These special measures were extended on 25 February 2022, in answer to the global energy price crisis.
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Policy
Italy
2022
[Q2 2022] Urgent measures to contain the effects of price increases
Urgent measures to contain electricity and natural gas costs, whilst also accelerating the development of renewable energy. These largely extend the measures in place in Q2 2022 into Q3 2022. These include:Extension of the cancellation of rates related to general electricity system charges for Q2 2022.Tax credits for energy intensive companies.Reduction of VAT on gas utilities by 5% for the Q2 of 2022.Tariff concessions in favour of vulnerable people referring to the Q2 of 2022.