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Demand drop to “dwarf” impact of 2008 financial crisis – IEA

A drop in global energy demand this year will likely “dwarf” the impact of the 2008 financial crisis and slash carbon emissions by 8%, the International Energy Agency said on Thursday.

read more... 30/04/2020

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Michigan switches on its ‘largest’ wind park

The park is part of a project involving four new wind parks that will come online in 2020 and avoid 1.2 million metric tonnes of carbon dioxide emissions annually.

read more... 27/04/2020

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Dutch to meet emissions target due to Covid-19 impact – ING

The Netherlands is likely to meet its target of cutting carbon emissions by 25% on 1990 levels by year end due to the impact of the coronavirus on industrial output, said Dutch banking group ING on Wednesday.

read more... 09/04/2020

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Daily (07.04.2020): European year-ahead power prices soared on Monday due to an aggressive increase in carbon prices

Oil prices started the week on a back foot after a postponement to Thursday of a meeting between OPEC and its allies aimed at reducing the excess supply of black gold on the world market. Hence, Brent crude for June delivery fell by $1.06, or 3.1%, to settle at $33.05 a barrel on ICE London. Meanwhile, U.S. WTI crude decreased by 2.26, or 8%, to end at $26.08 on NYMEX. The two benchmarks saw a recovery last Thursday and Friday due to signals of new production cuts sent by Russia and Saudi Arabia.

read more... 07/04/2020

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CO2 may plumb fresh lows this month on virus impact

The coronavirus pandemic is likely to maintain pressure on carbon prices in April, potentially sending them to fresh two-year lows as the world locks down communities to reverse the pace of infections.

read more... 02/04/2020

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