Europe sets out energy plan Sept. 14, 2022

from World Business Report· ·

The President of the EU Commission, Ursula von der Leyen, made her State of the Union address today - focusing on tackling the unfolding energy crisis across Europe. She said the EU was committed to protecting citizens and business from soaring costs, and called for cuts to electricity use and windfall taxes on energy firms. So how would the measures work? We speak to Henning Gloystein, from the risk consultancy Eurasia Group for the detail, and get reaction from Estonia's energy minister Riina Sikkut. China's President Xi Jinping has made his first overseas trip since the outbreak of the Covid …



The President of the EU Commission, Ursula von der Leyen, made her State of the Union address today - focusing on tackling the unfolding energy crisis across Europe. She said the EU was committed to protecting citizens and business from soaring costs, and called for cuts to electricity use and windfall taxes on energy firms. So how would the measures work? We speak to Henning Gloystein, from the risk consultancy Eurasia Group for the detail, and get reaction from Estonia's energy minister Riina Sikkut. China's President Xi Jinping has made his first overseas trip since the outbreak of the Covid pandemic - to Kazakhstan and Uzbekistan. Temur Umarov, expert on China and Central Asia and a fellow at the Carnegie Endowment for International Peace, talks us through why central Europe is so important to China. In India, Taiwanese firm Foxconn and Indian mining giant Vedanta have just announced a nearly $20bn investment to build one of the country's first semiconductor factories. It comes as the Indian government pushes to boost chip manufacturing in the country. Tech boss Prem Sanjay, founder and CEO of Zeos Global, joins us to discuss the deal. And you may never have heard of 'The Merge' - but it is one of the biggest events ever to take place in cryptocurrency. The countdown has begun to Ethereum switching to a new operating model, aimed at drastically reducing its energy use. So why is it so important - and what could go wrong? Our correspondent Joe Tidy explains all.