POWER: Greece Eyes Investment Draft Bills for Hydrogen, CCS and Biomethane
Greece is set to present three draft bills outlining regulatory and investment frameworks for the hydrogen, biomethane, and CCS markets, Energy Minister Thodoros Skylakakis said, cited by EnergyPress.
- All three markets rely on EU Recovery and Resilience Facility funds, with hydrogen and CCS projects receiving €260mn but these must be completed by mid-2026.
- Key projects being built in Greece is EnEarth’s Prinos Storage CO2 project, which secured €150m in aid for phase one, with €120m from the Connecting Europe Facility for expansion.
- Meanwhile, Motor Oil's green hydrogen and SAF project, which includes a 50-MW electrolyser plant, has secured a €110mn subsidy.
- The European Commission has urged Greece to speed up regulatory progress to establish these markets.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
CANADA: MNI BoC Preview, Jan'25: Easing Amidst Extreme Uncertainty
We have published and e-mailed to subscribers the MNI BoC Preview ahead of Wednesday's decision.
Please find the full report here: https://media.marketnews.com/BOC_Preview_Jan2025_f128d669a0.pdf
US: Trump To Deliver Keynote Address To House GOP Retreat Today
President Donald Trump will deliver the keynote address to the House Republican policy retreat in Florida today. Vice President JD Vance, a key conduit between the Senate and White House, will attend the retreat tomorrow.
- House Speaker Mike Johnson (R-LA) has a long list of priorities for the retreat, including crystalising a “blueprint” for a reconciliation bill to cover the bulk of Trump's agenda; finalising details of a government funding and debt limit package; and balancing competing demands from his conference for deficit reduction, spending cuts, and tax breaks.
- By week's end, Johnson likely intends to have a robust framework in place for a single reconciliation bill that can resolve a standoff with Senate Republican leaders, who prefer a multi-bill reconciliation process.
- Johnson has indicated he intends to pass a budget resolution by February 24. If this timeline is to hold, Johnson will likely have to release a budget plan within the next two weeks or so.
- Reminder: The Senate and House need to approve the same budget resolution to initiate the reconciliation process. That means broad agreement across a range of issues, including any cuts to entitlement programmes.
- On Tuesday, the House Policy Committee and House Budget Committee will meet to hold independent reconciliation discussions. They will provide reports to the retreat on Wednesday morning.
- Note: Johnson has invited Trump to address a joint session of Congress on March 4. This was erroneously flagged as March 14 in today's MNI US Daily Brief.
EUROZONE DATA: Belgium Business Confidence Still Subdued
The Belgium Business Confidence index, historically a bellwether for broader European sentiment, increased by less than expected in January, rising 0.2 points to -13.6 (cons -13.3 and -13.8 prior). It remains below the 2024 average of -12.5.
- The sector breakdown was mixed, with industry and services improving against sizeable drags from construction and trade.
