EU post-Covid funds could finance dozens of natural gas projects


Sunniva Rose
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European Union countries may spend almost one third of post-Covid recovery funds on energy projects, including at least 41 liquefied natural gas (LNG) or pipeline developments.

The European Parliament and Council in December granted approval for the bloc’s 27 members to use up to €225 billion ($240 billion) in subsidised loans for energy investment — a sum that was earmarked initially for economic recovery after the pandemic.

An Investigate Europe probe has found that about 30 per cent of the funds, or €67.5 billion, may be allowed to finance urgent energy projects.

The investigative website "identified plans for at least 41 liquefied natural gas (LNG) terminal or gas pipeline developments, many of which could now partly be funded with the diverted Covid money”.

The report quoted the Global Energy Monitor database, which has found that since the beginning of the war in Ukraine, European countries have announced plans for at least 34 LNG developments and seven gas pipeline projects.

NGOs Climate Action Europe (Can) and Food & Water Action Europe also found at least 34 LNG projects could receive subsidised European loans.

Investigate Europe said the two NGOs calculated the operational costs of each LNG terminal or pipelines but did not list them all. For example, the Eastmed pipeline would cost €90 million per year.

A high concentration of the projects are in Germany, which is involved in five fixed terminals and six floating terminals. A German government representative said the construction period would last until 2038 with an estimated cost of €9.7 billion.

A European Commission representative told The National they were unable to confirm the figures because Brussels was still waiting for European governments to submit their energy plans, which must include investment in reforms to support a transition to greener energy.

The decision to allocate €225 billion for energy is part of the commission’s RePower EU Plan, which was presented in May to help countries decouple from Russian fossil fuel imports after the invasion of Ukraine in February.

The RePower legislation has yet to be approved by the European Parliament.

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Yemen's Bahais and the charges they often face

The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.

The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran. 

Today, some 2,000 Baha'is reside in Yemen, according to Insaf. 

"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said. 

Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer. 

The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy. 

 

In numbers

1,000 tonnes of waste collected daily:

  • 800 tonnes converted into alternative fuel
  • 150 tonnes to landfill
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800 tonnes of RDF replaces 500 tonnes of coal

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Updated: January 09, 2023, 2:50 PM`