{"id":552522,"date":"2022-09-11T13:39:08","date_gmt":"2022-09-11T13:39:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/11\/crunching-the-numbers-on-uk-eu-energy-subsidy-packages-the-latest-in-mushroom-and-fish-skin-fashion\/"},"modified":"2022-09-11T13:39:08","modified_gmt":"2022-09-11T13:39:08","slug":"crunching-the-numbers-on-uk-eu-energy-subsidy-packages-the-latest-in-mushroom-and-fish-skin-fashion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/11\/crunching-the-numbers-on-uk-eu-energy-subsidy-packages-the-latest-in-mushroom-and-fish-skin-fashion\/","title":{"rendered":"Crunching the numbers on UK + EU energy subsidy packages + The latest in mushroom and fish-skin fashion"},"content":{"rendered":"

<\/a> The cost of cushioning Europe\u2019s energy crisis: <\/strong>The governments of the UK and European countries will spend a combined USD 500 bn to subsidize their citizens\u2019 spiraling energy bills as Europe prepares for a winter energy crisis spurred by the loss of Russian fossil fuels to the market. New UK Prime Minister Liz Truss on Thursday said<\/a> her government would cap energy bills for all households, in a move that could cost the British treasury as much as GBP 150 bn (USD 172 bn), analysts told CNN<\/a>. The move follows similar policy announcements by the likes of Germany<\/a>, Austria<\/a>, and other EU member states.<\/p>\n

EU ministers announced no concrete steps in a Friday meeting to address rising energy prices<\/strong>, Bloomberg<\/a> reports. The ministers called on the EU executive to bring in \u201curgent measures\u201d to bring down sky high gas prices in the markets, but stopped short of implementing mandatory demand reduction steps including a plan to impose price caps on all gas imports. Moscow has threatened to stop even the limited flow of Russian gas that is still making its way to Europe if price caps are imposed.<\/p>\n

The US is gearing up for its own Russian oil price cap: <\/strong>The US Treasury has issued a rough guide (pdf)<\/a> for the private sector on how to comply with its incoming price cap on Russian oil. The onus will be on private players to make sure any purchases come in at or below a price limit set by the US and G7 members, or face possible sanctions. The cap is set to come in on 5 December for crude oil, and two months later for petroleum products, in line with the EU timeline<\/a> for its full-blown ban of Russian oil.<\/p>\n

\n

<\/a> Mushroom leather coats and fish-skin sandals: <\/strong>The race to create new sustainable materials is in full swing in the world of luxury fashion, as brands use tech innovations to replace petrochemicals-based synthetics like nylon with more sustainable \u201cfuture fabrics,\u201d the Financial Times<\/a> reports. Luxury brands including Burberry, Balenciaga and Stella McCartney have set up dedicated innovation labs and R&D departments experimenting with new materials, while others are looking to startups bringing innovations like waterless printing to speed up the process. The challenge is to satisfy high-end consumers\u2019 desire for a luxury look and feel, which existing plant-based synthetic fabrics like rayon and viscose don\u2019t provide, designers tell the FT. But high-quality, sustainable materials take time, and a whole lot of trial and error, to bring to the market. \u201cIt takes seven years to get something off the ground,\u201d one materials science exec tells the salmon-colored paper.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cost of cushioning Europe\u2019s energy crisis: The governments of the UK and European countries will spend a combined USD 500 bn to subsidize their citizens\u2019 spiraling energy bills as Europe prepares for a winter energy crisis spurred by the loss of Russian fossil fuels to the market. New UK Prime Minister Liz Truss on […]<\/p>\n","protected":false},"author":1,"featured_media":552523,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[93,633,7192,638,2892,368,112],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-energy","tag-enterprisepm","tag-eu","tag-for-your-commute","tag-lizz-truss","tag-sustainability","tag-uk","wpautop","entry"],"acf":{"mongo_id":"f7f58c14-ef0d-4dc7-8e91-f0cdce8fe6fa","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/9\/483.jpg","photo_position":"above","related_issue":[552518],"teaser":"","voice_url":""},"yoast_head":"\nCrunching the numbers on UK + EU energy subsidy packages + The latest in mushroom and fish-skin fashion - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/11\/crunching-the-numbers-on-uk-eu-energy-subsidy-packages-the-latest-in-mushroom-and-fish-skin-fashion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crunching the numbers on UK + EU energy subsidy packages + The latest in mushroom and fish-skin fashion\" \/>\n<meta property=\"og:description\" content=\"The cost of cushioning Europe\u2019s energy crisis: The governments of the UK and European countries will spend a combined USD 500 bn to subsidize their citizens\u2019 spiraling energy bills as Europe prepares for a winter energy crisis spurred by the loss of Russian fossil fuels to the market. 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Under a political declaration (pdf) with Egypt announced during President Joe Biden\u2019s visit to COP27 on Thursday, the US and Germany\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556589,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/","url_meta":{"origin":552522,"position":1},"title":"EU\u2019s green plans derailed by energy crisis","author":"enterpriseam admin","date":"3 October 2021","format":false,"excerpt":"Europe\u2019s energy crisis will test its ambitious green energy plans, analysts and energy execs told Bloomberg, as soaring electricity prices could see households and industries balk at the idea of absorbing yet further costs to fund the transition to renewables. The EU is looking to set a global example under\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/337.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552461,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/06\/this-evening-govt-throws-its-weight-behind-fx-flexibility-liz-truss-gets-to-work\/","url_meta":{"origin":552522,"position":2},"title":"THIS EVENING: Gov\u2019t throws its weight behind FX flexibility + Liz Truss gets to work","author":"enterpriseam admin","date":"6 September 2022","format":false,"excerpt":"Happy Tuesday, wonderful people. We have an interesting \u2014 albeit not-crazy-busy \u2014 hump day on the home front today.THE BIG STORY TODAY Gov\u2019t is on board for more FX flexibility, El Said says: \u201cWe as a government do agree that a flexible exchange rate is definitely good for the economy,\"\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544138,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/cop-president-uk-is-struggling-to-live-by-its-promises-automotive-players-are-reskilling-for-the-electric-future\/","url_meta":{"origin":552522,"position":3},"title":"COP president UK is struggling to live by its promises + Automotive players are reskilling for the electric future","author":"enterpriseam admin","date":"13 February 2022","format":false,"excerpt":"With the COP presidency still in hand, the UK is struggling to \u201cwalk the talk\u201d when it comes to green promises, writes the Financial Times. Since COP26 in Glasgow, the UK COP team have been meeting with delegations from countries around the world to hammer out green agreements. Britain is\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/463.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579035,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/23\/another-usd-1-5-bn-from-the-itfc-for-energy-and-commodities-imports\/","url_meta":{"origin":552522,"position":4},"title":"Another USD 1.5 bn from the ITFC for energy and commodities imports","author":"enterpriseam admin","date":"23 January 2023","format":false,"excerpt":"More imports money from the ITFC: The government has signed a fresh USD 1.5 bn financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund energy and basic commodities imports, according to a tweet by CNBC Arabia citing ITFC CEO Hani Sonbol. Sonbol yesterday met with the planning\u2026","rel":"","context":"In "Development finance"","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/387.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543163,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/weather-disasters-cost-the-world-usd-170-bn-in-2021-what-should-we-do-to-avoid-the-same-in-2022\/","url_meta":{"origin":552522,"position":5},"title":"Weather disasters cost the world USD 170 bn in 2021 \u2014 what should we do to avoid the same in 2022?","author":"enterpriseam admin","date":"12 January 2022","format":false,"excerpt":"The ten most destructive climate events of 2021 cost the world USD 170 bn in damages, according to a study from UK charity Christian Aid. Last year marks the fourth time in five years that extreme weather events have cost the world over USD 100 bn \u2014 and we can\u2026","rel":"","context":"In "Climate"","block_context":{"text":"Climate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/climate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/437.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=552522"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552522\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/552523"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552522"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552522"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}