Denmark plans to allocate 26.8 billion Danish crowns ($3.9 billion) in state aid over 15 years for projects to capture and store 2.3 million metric tons of carbon dioxide (CO2) emissions per year, the climate and energy ministry said on Monday.
read more... 23/08/2023
Crude oil prices notched a small decrease on Monday despite lower-than-expected exports from Saudi Arabia and Russia. Additionally, global economic concerns weighed on prices. Thus, Brent crude edged 0.4% lower at $84.46 a barrel. Meanwhile, U.S. WTI crude fell by 0.7% to settle at $80.72 a barrel.
read more... 22/08/2023
China has reported a substantial rise in newly installed clean energy capacity in the initial seven months of 2023, as per the National Energy Administration (NEA). The new installed solar power capacity soared 42.9 per cent year-on-year (YoY) to 490 million kilowatts (kW), while wind power stood at approximately 390 million kW, marking an annual increase of 14.3 per cent.
read more... 22/08/2023
Germany’s chemical and car industries are protesting the anticipated bureaucratic strain expected from the phase-in of the EU’s novel carbon border tariff (CBAM), while consultancy Deloitte finds that companies have failed to sufficiently prepare.
read more... 22/08/2023
European natural gas prices jumped in volatile trading on Monday as the prospect of a strike at a liquefied natural gas producer in Australia intensified fears of disruption to global supplies.
read more... 22/08/2023