Energiewirtschaft - Erneuerbare Energien & Klima

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  •  
    05/07/2024
    Bulgarien

    Bulgaria decreases FiT reference prices for solar plants

    On 30 June 2024, the Energy and Water Regulatory Commission (EWRC) published a Decision regarding the determination of Feed-In Tariffs (FiTs) for electricity produced by renewable energy sources, which updates FiTs to include electricity produced by biomass and determines the premiums for renewable energy producers with an overall installed capacity of 500 kW and exceeding 500 kW for the regulatory period 1 July 2024 to 30 June 2025. The EWRC has determined the estimated market price (i.e. reference price) for producers of electricity from solar energy to be BGN 141.49//MWh. Based...
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    02/07/2024
    United Kingdom

    Ports Infrastructure – what do the election manifestos tell us?

    In April this year, the Labour party pledged to invest up to £1.8bn into port infrastructure if they win the 2024 general election. The planned investment forms part of Labour’s Green Prosperity Plan, with shadow chancellor Rachel Reeves saying ports would be at the centre of Labour’s plans to make Britain a clean energy superpower. But what else do the general election manifestos of the major UK parties tell us about the future for ports infrastructure in the UK?With the exception of Reform UK, all the main UK political parties target a substantial increase in offshore renewable...
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    26/06/2024
    United Kingdom

    Solar Energy UK's Bold Vision vs. Political Promises: Who Will Lead the Way?

    IntroductionIn anticipation of the UK general election, Solar Energy UK (“SEUK”) have released a detailed manifesto outlining the solar industry's priorities. This article summarises the key points of SEUK’s manifesto and compares them with the solar initiatives proposed by the Conservatives, Labour and the Liberal Democrats.SEUK’s ManifestoThe UK’s solar energy capacity is expected to reach approximately 20GW by the end of 2024, as well as 8GW of energy storage capacity. SEUK advocate for a significant increase by 2030, targeting 50GW of solar power and 30GW of zero-carbon...
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    21/06/2024
    Italy

    Italian Supreme Court Upholds OECD Transfer Pricing Rules

    The decisions of the Italian Supreme Court nos. 10577/2024 and 10499/2024 (concerning the same case for corporate income tax and regional income tax purposes) confirm important principles regarding transfer pricing transactions between associated companies.Firstly, the approach taken in the previous decision of the Italian Supreme Court no. 15668/2022 (available here) is confirmed with regard to the relevance of the arm’s length principle set forth by Article 9 of the OECD Model Tax Convention and included in Article 110, par. 7 of the Italian Income Tax Code.Moreover, the principle that,...
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  •  
    05/06/2024
    United Kingdom

    Third time lucky? UK government’s emissions reduction plan ruled unlawful again

    The High Court of Justice in England and Wales has once again struck down the UK government's plan to achieve the carbon budgets for the periods from 2023 to 2037 as unlawful. This marks the second time in less than 2 years that the High Court has determined the plans for achieving legally binding emissions reduction targets to be critically flawed and not in accordance with the 2008 Climate Change Act (CCA).Following a successful challenge to a previous plan, campaign groups challenged a revised “Carbon Budget Delivery Plan” (CBDP), arguing it still failed to properly account for and...
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  •  
    03/06/2024
    United Kingdom

    Ancillary Activities Exemption – a change in approach for commodity derivatives and emission allowances firms

    On 29 May 2024, the Financial Services and Markets Act 2000 (Commodity Derivatives and Emission Allowances) (Amendment) Order 2024 (SI 2024/719) (the “2024 Order”) was published alongside an explanatory memorandum. The 2024 Order omits prospective amendments to the UK regulated activities perimeter, with the effect that the planned changes to the ancillary activities regime for firms trading commodity derivatives or emission allowances have been indefinitely delayed. This followed significant concerns from industry that moving to a qualitative approach to determining whether firms require...
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