Latest news
Europe aims to scale up infrastructure for permanent carbon removals
The European Commission is looking at ways of building up infrastructure for transporting and permanently storing CO2 underground as well as recycling carbon into new products.
read more... 22/02/2022
Daily (07.02.2022): German and French forward power contracts jumped by more than 4% on Friday, on record high CO2 prices and bullish gas markets
Crude oil prices ended higher on Friday, on worries about the continued Ukrainian crisis and insufficient production from OPEC members. Moreover, a winter storm that hit the US, impacting production and supply, also boosted prices. As such, Brent oil rose by 2.4% to $93.27 a barrel and WTI crude gained 2.3% at $92.31 a barrel.
read more... 07/02/2022
Daily (28.01.2022): European forward power prices were bullish on Thursday amid strong gas and CO2 markets
Crude oil prices eased on Thursday on the back of a stronger US dollar, but investors remained focused on the threat of a Russian attack on Ukraine and concerns over potential supply disruptions. As such, Brent crude fell by merely 0.7% to settle at $89.34 a barrel. At the same time, the American WTI crude price lost 0.9% at $86.61 a barrel.
read more... 28/01/2022
World’s largest direct air capture and CO2 storage plant on in Iceland
Last week, Swiss company Climeworks launched Orca, the world’s largest direct air capture and storage plant that permanently removes CO2 from the air. The plant is located in proximity to the Hellisheidi geothermal power plant by ON Power near Reykjavik, Iceland.
read more... 14/09/2021
Wind, low demand limit UK power sector CO2
Increased wind output and the lowest demand in over a year have reduced the call on fossil-fuel assets in the UK this month, putting the carbon intensity of the country's power sector on track for a significant decline despite record low nuclear generation.
read more... 25/08/2021