{"id":556589,"date":"2021-10-03T13:34:44","date_gmt":"2021-10-03T13:34:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/"},"modified":"2021-10-03T13:34:44","modified_gmt":"2021-10-03T13:34:44","slug":"eus-green-plans-derailed-by-energy-crisis","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/","title":{"rendered":"EU\u2019s green plans derailed by energy crisis"},"content":{"rendered":"

Europe\u2019s energy crisis will test its ambitious green energy plans, <\/strong>analysts and energy execs told Bloomberg<\/a>, 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 its newly unveiled green strategy for net-zero emissions by 2050, with a binding goal of a 55% decrease in carbon emissions by 2030. But the plan still needs the approval of each of the bloc\u2019s 27 member states \u2014 and as power prices surge to all-time highs on the back of a dire supply squeeze and low storage levels heading into winter, it will likely prove a much harder sell.<\/p>\n

Someone will have to pick up the energy bill: <\/strong>The EU may have to sweeten the green plan with funds to European governments, who are already paying through the nose in an emergency attempt to soften the blow to consumers of spiralling prices. Greece and the Netherlands have announced subsidies and VAT cuts to help households and businesses through the winter. Meanwhile, Spain\u2019s introduction of a windfall tax on power utilities and caps on household bills has angered energy execs, with one telling Bloomberg that the move \u201cputs at risk the whole energy transition.\u201d The unexpected cost of such measures could stymie investment in renewables, and with a return to investing in fossil fuels off the table, the pain is expected to last: \u201cThere are likely to be a couple of difficult years to navigate in terms of consumer prices,\u201d one analyst told Bloomberg.<\/p>\n

\n

The App store made Apple a gaming industry leader. Can it keep it up? <\/strong>With gaming making up a sizable portion of Apple\u2019s bottom line, the tech giant is increasingly keeping gamers in mind when designing its products, the Wall Street Journal notes<\/a>. Apple\u2019s latest announced smartphone, the iPhone 13 Pro comes with an advanced screen that gives users a smoother video experience, making it ideal for gamers on the go who might be using their phone for gaming. Reviewers<\/a> are calling the iPhone 13 Pro Max THE iPhone to buy for gamers, while others have gone as far as comparing it to the Nintendo Switch<\/a>, a device made specifically for gaming.<\/p>\n

Since when has Apple been a gaming leader?<\/strong> Since the App Store became a leading gaming platform that charges developers 30% fee on sales through the store. Apple made around USD 15.9 bn in revenue from the App Store in 2019, 69% of which came from games. The contribution of games to its bottom line was greater than gaming giants Microsoft, Sony, Nintendo and Activision Blizzard combined in 2019.<\/p>\n

The company\u2019s push to retain its leadership position in gaming is being challenged by the arrival of other tech giants like <\/strong>Facebook<\/strong>, which has invested heavily in virtual reality. Apple\u2019s dominance of the gaming industry through its App Store has generated much regulatory scrutiny and allegations of antitrust behavior. Just last month a US court ruled<\/a> that Apple was engaged in \u201canti-competitive conduct\u201d \u2014 in a case brought against the company by Fortnite developer Epic Games \u2014 by forcing its users to use App Store\u2019s payment tools exclusively when buying an app, instead of using the developers\u2019 tool.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 its newly unveiled green strategy […]<\/p>\n","protected":false},"author":1,"featured_media":556590,"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":[184,633,7192,638,246,2762],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-apple","tag-enterprisepm","tag-eu","tag-for-your-commute","tag-green-economy","tag-playstation","wpautop","entry"],"acf":{"mongo_id":"2a1b3f47-6a90-450c-a19b-27709f45ad45","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/337.jpg","photo_position":"above","related_issue":[556585],"teaser":"","voice_url":""},"yoast_head":"\nEU\u2019s green plans derailed by energy crisis - 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\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU\u2019s green plans derailed by energy crisis\" \/>\n<meta property=\"og:description\" content=\"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 its newly unveiled green strategy […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-03T13:34:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/337.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EU\u2019s green plans derailed by energy crisis\",\"datePublished\":\"2021-10-03T13:34:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/\"},\"wordCount\":545,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/337.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Apple\",\"EnterprisePM\",\"EU\",\"FOR YOUR COMMUTE\",\"Green Economy\",\"PlayStation\"],\"articleSection\":[\"FOR YOUR COMMUTE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/03\/eus-green-plans-derailed-by-energy-crisis\/\",\"name\":\"EU\u2019s green plans derailed by energy crisis - 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Plus: The UK wants to close the gender pay gap","author":"enterpriseam admin","date":"8 March 2022","format":false,"excerpt":"The global green energy transition could be significantly derailed as the war in Ukraine wears on, the Financial Timeswrites. Despite last year\u2019s COP26 summit drawing a clear roadmap to cut fossil fuel dependence in the path to net zero emissions, this shift is growing evermore complicated as the crisis deepens,\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\/3\/451.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556852,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/24\/how-the-energy-crisis-is-changing-the-green-transition-of-big-oil\/","url_meta":{"origin":556589,"position":1},"title":"How the energy crisis is changing the green transition of Big Oil","author":"enterpriseam admin","date":"24 October 2021","format":false,"excerpt":"How the energy crisis is hurting the green transition of Big Oil: \u201cClimate-conscious\u201d fund managers may become a little less climate-conscious thanks to surging energy stocks. Divesting from fossil fuel companies was easy in the years when their stocks were struggling. Now doing the right thing means missing out on\u2026","rel":"","context":"In "\u200b\u200b\u200b\u200b GREEN ECONOMY"","block_context":{"text":"\u200b\u200b\u200b\u200b GREEN ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/green-economy-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/458.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553248,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/30\/businesses-want-businesses-to-do-better-on-climate-impact-disclosures-wfh-becoming-less-popular-amid-energy-crisis\/","url_meta":{"origin":556589,"position":2},"title":"Businesses want businesses to do better on climate impact disclosures + WFH becoming less popular amid energy crisis","author":"enterpriseam admin","date":"30 October 2022","format":false,"excerpt":"Over 300 businesses are pressuring governments to make nature impact disclosures mandatory by 2030, Enterprise Climate reports. H&M, Sainsbury\u2019s and Nestle are among those petitioning for a call to action in the run up to COP15, the UN biodiversity conference being held in Montreal this December. The companies issued an\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\/10\/516.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556728,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/13\/deutsche-bank-to-pay-up-for-using-too-much-financial-lingo-green-energy-transition-needs-to-speed-up\/","url_meta":{"origin":556589,"position":3},"title":"Deutsche Bank to pay up for using too much financial lingo + Green energy transition needs to speed up","author":"enterpriseam admin","date":"13 October 2021","format":false,"excerpt":"Never trust an (investment) banker? Deutsche Bank is facing a EUR 500 mn lawsuit over claims it duped a Spanish hotelier into buying risky forex derivatives that were too complex for the company to understand. Palladium Hotel Group is the largest company caught up in an escalating scandal over the\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\/401.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543701,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/14\/planet-finance-oil-and-gas-bonds-get-a-boost-as-crude-prices-soar-eu-antitrust-probe-into-qatari-gas-contracts-halted-amid-energy-crisis\/","url_meta":{"origin":556589,"position":4},"title":"Planet Finance: Oil and gas bonds get a boost as crude prices soar + EU antitrust probe into Qatari gas contracts halted amid energy crisis","author":"enterpriseam admin","date":"14 February 2022","format":false,"excerpt":"Investor appetite for oil + gas bonds grows as prices rally: Investors are keen to buy oil and gas companies\u2019 debt as crude oil prices soar, the Financial Times reports. Funds are now overweight on high-yield energy bonds, while one US gas producer reportedly saw double the usual levels of\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"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":556589,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556589","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=556589"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556589\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/556585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/556590"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556589"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556589"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}