Coal news and updates

Italian government approves measures worth $6.8bn; Coal India cautions output crunch amid cost pressure: NRG matters

On a macro level, countries like Italy and India continue to pave the way for a green and sustainable future. Nevertheless, there remains a level of instability due to cost pressure as well as political tensions between Russia and Ukraine.

The Italian government approved 6 billion euros ($6.81 billion) worth of measures on Friday in an attempt to ease the pain of soaring energy costs and bills on consumers and businesses, Reuters reported.

This comes as part of a bigger 8 million euro package that is intended to elevate the European country’s economy.

·India has installed a total of 650 electric vehicle, or EV, chargers in major cities over the past four months, Bloomberg reported. 

This is mainly attributed to the fact that the South Asian country aims to spur adoption of EVs to achieve net-zero carbon emissions by 2070.