Bloomberg Japan’s biggest steelmaker is calling on Tokyo to provide at least 2 trillion yen ($17.3 billion) in subsidies over almost three decades to meet net-zero carbon targets, as it seeks to stay competitive against China and other global rivals. Nippon Steel needs the money to vie on an “equal footing,” according to Hideo Suzuki, the managing executive officer ...

  Bloomberg The UK needs to substantially expand its capacity for storing electricity for longer in order to maintain energy security as it shifts to greener power, according to Aurora Energy Research. As much as 24 gigawatts of long duration electricity storage — about eight times the current installed capacity — may be needed to help integrate intermittent renewable sources ...

  Bloomberg Thailand will slash the excise tax on diesel for three months to lessen the impact of soaring global crude prices as inflation emerges as the latest threat to the economic recovery. The cabinet agreed to cut the levy by 3 baht ($0.09) per liter until May 20, Thanakorn Wangboonkongchana, a government spokesman, said in a statement. The lower ...