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EU takes another step toward the exit out of ‘fossil dinosaur treaty’ to safeguard green aspirations

With climate change breathing down the world’s neck, the European Union (EU) is among those that have set the wheels in motion to pull out of the Energy Charter Treaty (ECT), as there is no end in sight for the protracted stalemate over revamping the multilateral treaty to make room for the pivot to low-carbon and clean energy by weaving renewables, hydrogen, and carbon capture, utilization, and storage (CCUS) into the treaty’s framework.

read more... 26/04/2024

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Daily (16.04.2024): Day ahead power contracts rocketed on Monday amid low renewables

Oil prices fell slightly on Monday as the Iranian attack on Israel appeared to be less destructive than anticipated. Brent crude decreased by 0.4% to $90.10 a barrel, while WTI crude experienced a 0.3% drop to settle at $85.41 a barrel.

read more... 16/04/2024

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Renewables meet 89% of Portugal's Q1 power demand

National grid operator Redes Energeticas Nacionais (REN) said on Monday that renewable energy plants in Portugal have covered 89% of the country's electricity consumption in the first quarter of 2024.

read more... 02/04/2024

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France must not cave to Brussels on renewables

France should continue refusing to include renewable targets in its energy-climate plan, which will be submitted to the European Commission in June, the country’s former energy minister Agnès Pannier-Runacher said this week.

read more... 29/03/2024

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Europe’s high-voltage grid investment gap worse than feared

EU countries systematically underestimate the speed at which renewables will be added to grids in their development plans – making the investment gap larger than thought, new research made available to Euractiv has shown.

read more... 13/03/2024

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