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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
Daily (25.04.2024): European carbon prices rose on as Commitment of Traders' data failed to boost sentiment
Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024
Nuclear gains favour in Europe, but financing struggles remain
Though EU countries remain divided about nuclear power, the insecurity brought on by the war in Ukraine has sparked increased interest from politicians not seen in decades. But are they willing to match big talk with big wallets?
read more... 25/04/2024
Norway-German H2 pipeline hinges on demand: Equinor
Norway and Germany have renewed a commitment to the idea of a hydrogen pipeline, but Norwegian state-owned Equinor expects the link will come in a secondary stage of development as it is focused on hydrogen production in mainland Europe as a first step.
read more... 25/04/2024
Enagas to present Spanish hydrogen grid plan as regulatory talks advance
Spain's Enagas expects to present its proposal for a national hydrogen network in the coming days, following confirmation of its inclusion as a European Project of Common Interest, senior management said April 23.
read more... 24/04/2024