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After the German federal government break-up in November 2024 and the new elections in February 2025, the political parties – Christian Democratic Union of Germany (CDU)/ Christian Social Union in Bavaria (CSU) and Social...more
Australian Update - Draft Reporting Standards for Australian Climate-Related Disclosures - As previously reported by K&L Gates, the Australian Accounting Standards Board released its exposure draft of the Australian...more
The U.S. Department of the Treasury and IRS on June 14, 2023, released two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax credits under Section 6417 of the Internal Revenue Code (Elective Payment...more
In February 2023, the European Commission proposed detailed rules to define what constitutes renewable hydrogen in the EU, with the adoption of two Delegated Acts pursuant to the Renewable Energy Directive....more
Green hydrogen is increasingly viewed as the key to decarbonising hard-to-electrify sectors such as transportation and heavy industry. With governments announcing ambitious hydrogen policies as part of their net zero...more
Carl Fleming, a partner in McDermott’s Energy and Project Finance Group and leader in its Energy Transition Team, hosted a panel of industry leaders from Apex Clean Energy, Leyline Renewables and Pattern that explored the...more
German Regulator Puts Brake on Nord Stream 2 in Fresh Blow to Gas Pipeline - "First flows through the pipeline look very unlikely in the first half of 2022, he added." Why this is important: It is estimated that Russia...more
By any measure, 2020 served as a banner year for the global energy storage market, despite significant challenges posed by the COVID-19 pandemic. Investment in storage projects worldwide in 2020 increased almost 40%...more
The launch of Singapore’s Green Plan 2030 (Green Plan) in February this year is likely to mark a turning point for the island state’s energy sector. As Singapore looks to create a more sustainable society, it will become...more
Overview of the current energy mix, and the place in the market of different energy sources - Due in large part to the COVID-19 pandemic, U.S. total energy consumption in 2020 is on pace to decline for a second straight...more