Saturday, November 29, 2025
EU wants to spend $1 trillion to help make it climate neutral by 2050- oil and gas 360

EU wants to spend $1 trillion to help make it climate neutral by 2050

CNBC The EU aims to use 1 trillion euros (around $1.11 trillion) for “sustainable investments” across the coming decade. Brussels released details of its “European Green Deal” back in December, describing it as a “roadmap” to make the bloc’s economy sustainable. One of the deal’s key aims is for the EU to be climate neutral by the year 2050. A

Factbox: Egypt's push to be east Mediterranean gas hub-oil and gas 360

Factbox: Egypt’s push to be east Mediterranean gas hub

Reuters Egypt began importing gas from Israel’s largest offshore gas field, Leviathan, on Wednesday, a step Cairo hopes will help it become a regional energy hub. Rapid growth in Egypt’s natural gas supplies, boosted by the discovery of the Mediterranean’s largest field, turned it from a net importer to exporter in late 2018. ISRAEL DEAL Egypt’s Dolphinus Holdings signed deals