Latest news
Record $63 billion raised from carbon allowance sales in 2023
Governments globally raised a record $63 billion from the sale of carbon allowances in emission trading systems in 2022, as many countries increased ambitions to cut pollution despite record high energy prices following Russia’s invasion of Ukraine, a report said on Wednesday.
read more... 22/03/2023
UK Spring budget: Hunt announces $24bn for carbon capture and storage
UK chancellor Jeremy Hunt announced on Wednesday the government’s plans to commit $24bn (£20bn) to carbon capture and storage.
read more... 17/03/2023
Germany to cancel EUAs over early coal closures
Germany will cancel a “residual” sum of carbon allowances – that one analyst put below 14m tonnes – associated with power plant closures in 2021 under the country’s coal phase-out, the energy ministry has told Montel.
read more... 09/03/2023
Brussels targets 40% of clean tech manufacturing in Europe by 2030
The European Commission is drafting a new target to have at least 40% of clean technologies manufactured in the EU by 2030 as part of a drive to meet its climate goals and strengthen energy independence. Eligible technologies include renewables, nuclear power and carbon capture and storage, among others.
read more... 07/03/2023
Daily (03.03.2023): Forward electricity prices were bearish on Thursday tracking lower gas and carbon prices
Oil prices had a bullish evolution on Thursday amid optimism about Chinese demand and reduced concerns about a potential economic downturn in the United States. Consequently, Brent crude increased by 0.5% to $84.75 a barrel and WTI oil closed 0.6% higher at $78.16 a barrel.
read more... 03/03/2023