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Norway's giant Troll gas field starts third stage of production
Norway on Friday began to pump natural gas from the third stage of its offshore Troll field, a development that will extend the deposit’s producing lifetime beyond 2050, operator Equinor said on Monday.
read more... 31/08/2021
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European Commission approves $6.7bn scheme to support electricity production
The European Commission has approved a $6.7bn (€5.7bn) French aid scheme to support renewable power generation from small solar installations located on buildings.
read more... 31/08/2021
The EU’s Carbon Border Tax Could Deal A Devastating Blow To Russia’s Economy
The European Union's carbon border tax, to enter into effect in five years, was conceived with the idea of leveling the playing field for European industrial producers and importers who manufacture their goods in much laxer emissions-related regulatory frameworks. But the border tax could have a welcomed side effect for Brussels: it could have a more devastating effect on Russia's economy than sanctions.
read more... 31/08/2021
Daily (30.08.2021): New record high above 59 EUR/t for carbon prices on Friday, supported by a strong energy complex
Oil prices climbed to a new record high for 2021 on Friday, supported by supply disruptions in the Gulf of Mexico, as well as renewed optimism over demand. Brent crude rose by 2.3% to $72.70 a barrel and WTI oil ended 2% higher at $68.74 a barrel.
read more... 30/08/2021
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SSE Renewables pours £50m into second life of Scottish hydro plant
A hydro-electric power station in Scotland’s Highlands has secured its second life through a new £50 million investment by SSE Renewables.
read more... 30/08/2021