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Daily (14.02.2024): European carbon prices continued their downward trend on Tuesday amid selling pressure and bearish energy complex
Oil prices finished higher on Tuesday, despite a disappointing inflation report from the United States, which some saw as a sign that demand remains sustained. Hence, Brent crude rose by about 1% to settle at $82.77 a barrel, while WTI crude increased by more than 1.2% to stand at $77.87 a barrel.
read more... 14/02/2024
EU to step up efforts for more carbon markets worldwide
The European Union will increase diplomatic efforts to help countries outside the bloc to launch carbon markets in the hope of fostering international trade of CO2 emissions, the bloc's climate policy chief said on Tuesday.
read more... 14/02/2024
Germany To Replace Nuclear With Natural Gas Plants for $16B
Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age. The controversial decision came at a time when Europe and the German public was beginning to warm up to nuclear energy in the wake of the continent's energy crisis following Russia’s invasion of Ukraine.
read more... 12/02/2024
Daily (07.02.2024): European carbon prices posted sharp gains on Tuesday amid strong auction results
Oil prices posted modest gains on Tuesday following a volatile session, mainly driven by geopolitical risks in the Middle East. As a result, both contracts gained about 1%, with Brent crude standing at $78.59 and WTI crude settling at $73.31 per barrel.
read more... 07/02/2024
EU agrees law to boost Green industry at home
The European Parliament and national governments have agreed to boost domestic production of green technologies, such as solar modules and wind turbines, expanding the list to include nuclear power but shying away from excluding Chinese manufacturers for most public subsidies
read more... 07/02/2024