Latest news
EU seals carbon market reform to speed cuts in greenhouse gases
The world’s first major carbon trading system has since 2005 forced power plants and factories to buy permits when they emit CO2, and has cut emissions from those sectors by 43%.
read more... 27/04/2023
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EU opens joint gas buying with eye to winter energy security
The European Union launched a scheme on Tuesday for European companies to place orders to jointly buy gas, with the aim of ensuring Europe has enough fuel and avoiding a repeat of last year's record-high energy prices.
read more... 26/04/2023
Bulgartransgaz mulls 860 mln euro hydrogen pipeline project
Public gas transmission system operator Bulgatransgaz said it is in the early stages of developing a project for a new hydrogen infrastructure, which would require an estimated near-term total investment of 860 million euro ($974.4 million) and would be part of of a future hydrogen corridor from Southeast to Central Europe.
read more... 25/04/2023
German cabinet approves bill to phase out oil and gas heating systems
The German cabinet on Wednesday approved a bill that bans most new oil and gas heating systems from 2024, the economy minister said, a policy designed to cut greenhouse gas emissions but that critics warned could be costly for poorer households.
read more... 20/04/2023
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Daily (17.04.2023): European forward electricity prices fell by 3% on Friday, in tandem with bearish gas, carbon markets
Crude oil prices rose slightly on Friday after the International Energy Agency (IEA) unveiled global demand will hit a record high this year on the back of a recovery in Chinese consumption. Hence, Brent crude rose by 0.3% to settle at $86.31 a barrel. U.S. WTI crude settled at $82.52 a barrel, gaining 0.4% day-on-day.
read more... 17/04/2023