China reaches 2020 carbon target before the schedule

30/03/2018 15:24 CO2


China has achieved its carbon emissions goal for 2020 three years before the schedule.

At the end of the last year, China had cut emissions by 46% per unit of GDP compared to 2005 levels, accomplishing its commitment for 40% to 45% by the end of the decade.

This achievement was backed by its carbon trading system, which was instituted in 2011 and comprises electricity generation, iron and steel production as well as cement manufacturing located in seven provinces and municipalities.

The development offers a strong support to the Paris climate agreement, which targets to limit global average temperature rise to well under 2°C.

OMV gets extension to drill well off Otago Coast

17/10/2018 08:59:00

Oil company OMV has been granted a two-year extension for drilling an exploratory well in the Great Southern Basin off the Otago Coast.


Daily (16.10.2018): EU carbon prices dropped by more than 9% in a weaker session on Monday as Brexit deal not reached yet

16/10/2018 11:23:00

Oil prices increased on Monday, backed by geopolitical tensions after the disappearance of a Saudi journalist, fueling supply worries from the world’s top crude exporter. The price increase was tempered nonetheless by long-term demand concerns. Therefore, Brent crude price rose by 0.4% to settle at $80.78 a barrel.


Romania has the lowest energy consumption in the EU

16/10/2018 09:03:00

Romania has the lowest energy consumption per capita in the European Union and needs to increase its domestic consumption by expanding distribution networks and investing in new natural gas-based power plants.