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Daily (03.05.2024): EUAs posted their second-largest daily increase of the year on Thursday following a decline in net short positions
On Thursday, oil prices were rather stable following a significant decline the previous day. The market anticipation grew regarding the likelihood of the United States replenishing its strategic crude reserves due to these reduced-price levels. Hence, Brent crude edged 0.3% up at $83.67 per barrel, while WTI crude was rather stable to bearish at $78.95 per barrel.
read more... 03/05/2024
Spain, Portugal take home most of €720m EU hydrogen award
The European Commission announced on Tuesday (30 April) the winners of its first auction to allocate subsidies for hydrogen production, with most of the €720 million awarded going to projects in the Iberian peninsula.
read more... 02/05/2024
G7 discussing 2035 end date for coal-fired power plants
Energy ministers from the Group of Seven wealthy countries meeting in Italy are discussing setting a common target date of 2035 to shut down their coal-powered power plants, a source close to the matter told Reuters on Monday.
read more... 30/04/2024
Nuclear: €300 million state aid for French small modular reactors
The European Commission has approved a €300 million state aid grant for Nuward, a French developer of small modular nuclear reactors (SMR), to test its technology with more support expected before the project starts in 2030.
read more... 30/04/2024
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Italy’s high gas reliance stalls renewables growth
As the EU’s largest producer of gas-fired power generation, Italy’s gas usage in its power generation mix is about 50%, nearly three times the EU average, the think tank said in a report.
read more... 30/04/2024