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Daily (01.12.2023): European carbon prices hit 13-month low amid renewed selling
Oil prices closed lower on Thursday despite OPEC+ members announcing additional production cuts. The market responded cautiously to the announcement, as several OPEC and allied nations pledged further reductions to enhance market stability and balance. Consequently, Brent crude edged 0.3% down at $82.83 per barrel, while WTI crude ended over 2% lower to settle slightly below $76 per barrel.
read more... 01/12/2023
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Sweden Doubles Down on Nuclear Energy with Parliamentary Approval
The Parliament of Sweden has approved a new energy bill paving the way for the construction of additional nuclear reactors beyond the 10 originally approved to boost energy security and reduce carbon emissions, Reuters reports. Sweden’s current fleet of six nuclear reactors is all that remains from 12 reactors after a 1980 referendum committed to exiting nuclear energy entirely.
read more... 30/11/2023
France ‘omits’ renewable energy target in 2030 energy-climate plan
France’s draft national energy and climate plan (NECP), recently handed into the European Commission, fails to mention a renewable energy objective for 2030, referring instead to a “decarbonised” energy target incorporating nuclear power, contradicting the EU’s renewable energy directive.
read more... 30/11/2023
€800 million to jolt the market: Europe’s hydrogen boosters activate
The EU’s Hydrogen Bank has begun operations and is offering €800 million to hydrogen producers to kickstart demand for the fuel crucial to industrial decarbonisation.
read more... 28/11/2023
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Daily (24.11.2023): Carbon and gas prices were strongly bullish on Thursday amid colder weather forecasts
Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023