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Renewable energy growth must accelerate to reach 2030 goal
Global renewable energy capacity is expected to grow by two and a half times by 2030 but governments need to go further to achieve a goal of tripling it by then agreed at United Nations' climate talks, the International Energy Agency (IEA) said.
read more... 11/01/2024
Daily (10.01.2024): Crude oil prices rebounded by over 2% on Tuesday amid ongoing turmoil in the Middle East
Oil prices rebounded by 2% on Tuesday after a significant drop the previous day. The market's attention was focused on concerns over global crude supplies due to the shutdown of a major Libyan field and tensions in the Red Sea. Thus, Brent crude stood at $77.59, while WTI crude settled at $72.24 per barrel.
read more... 10/01/2024
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German gas storage levy against EU law
The German storage levy charges a fee on all gas exiting the German grid, set at €1.86/MWh for January-June, with the aim of recouping money spent to purchase strategic reserves in 2022.
read more... 10/01/2024
Italy weighs $1B package to boost EV sales
The plan would support low-income families and the purchase of cars made in Italy.
read more... 04/01/2024
UK fossil fuel use drops to lowest level since 1957
A new report has revealed that UK electricity generation from fossil fuels has fallen to the lowest level since 1957. Analysis from Carbon Brief, published on 3 January, shows a 22% year-on-year drop in fossil fuel usage in 2023, meaning fossil fuels account for just 33% of the UK’s energy mix.
read more... 04/01/2024