Canada will provide €706 million in financing to develop a grid-scale small modular reactor, a new nuclear technology touted as a key part of the country's plans to reduce emissions, Natural Resources Minister Jonathan Wilkinson said this week.
The European Union is aiming to clinch deals on three new laws to fight climate change in time for the annual United Nations climate negotiations next month, in a bid to boost its political clout at the talks.
The global electricity demand is set to grow slowly this year, the International Energy Agency has predicted. In its annual Electricity Market Report, the organisation expects electricity demand to grow by 2.4% in 2022.
Iberdrola and PepsiCo have signed a long-term Power Purchase Agreement (PPA), under which the electricity company will supply 100% renewable electricity to all of PepsiCo's centres in Spain and Portugal. It will come into force on 1 January 2023.