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France to set a carbon price floor of about 30 euros/tonne
France will establish a carbon price floor of about 30 euros ($33.95) a tonne in its 2017 finance bill, to compel French companies to further reduce the volume of their carbon emissions.
read more... 18/05/2016
Daily: U.S. WTI crude hits the highest level in seven months at $48.31/bbl
Crude oil prices rebounded for a second consecutive day on Tuesday, with U.S. futures attaining seven-month, on expectations of a decline in U.S. crude inventories and a new wildfire risk on Canadian oil supplies. U.S. WTI crude jumped 59 cents, or 1 percent, to end at $48.31 a barrel. The session high was $48.42 while the post-settlement peak was $48.76. Brent crude rose by 31 cents to settle at $49.28, reaching a six-month high of $49.58. In after-hours trade, it hit $49.75.
read more... 18/05/2016
World Bank grants $625m loan to India’s solar power push
The World Bank Board approved a $625 million loan to support the Government of India’s program to generate electricity from widespread installation of rooftop solar photovoltaic (PV).
read more... 17/05/2016
Germany got 100% renewable power for a day
Renewable energy has briefly touched and slightly surpassed 100% on Sunday, marking a milestone for Chancellor Angela Merkel’s “Energiewende” policy to spur renewables while phasing out nuclear and fossil fuels.
read more... 17/05/2016
Total officially inaugurates the Laggan-Tormore project in the Shetland Islands
French energy major Total announced it has officially launched the Laggan-Tormore project in the Shetland Islands, UK.
read more... 17/05/2016