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Germany, Norway flip switch on $2.4B undersea energy link
Germany and Norway inaugurated a new undersea cable Thursday that directly links the two countries' electricity networks, a project that has been described as a key step in Europe's effort to shift away from fossil fuels to renewable energy.
read more... 28/05/2021
Daily (27.05.2021): Oil prices continued to rise on Wednesday amid lower U.S. crude inventories
The Energy Information Administration reported on Wednesday that U.S. crude inventories dropped by 1.7 million barrels for the week ended May 21, overshadowing concerns over the prospects for a return of Iranian crude supplies to the global market. Thus, Brent crude edged 0.3% higher at $68.87 a barrel, while the Amercian WTI crude closed 0.2% higher at $66.21 a barrel.
read more... 27/05/2021
Nissan May Build Huge Battery Plant In The UK
Car giant Nissan is said to be in advanced negotiations with the UK government to build a huge electric car battery plant as part of an official push to make Britain the company’s largest electric vehicles (EVs) production hub outside Japan.
read more... 27/05/2021
EU should aim for 45% renewable energy and 870GW of installed solar by 2030
Trade association SolarPower Europe (SPE) has called on the European Union to increase the share of renewables in final energy demand to at least 45% by 2030, a move it says would put the bloc on track to deliver on the 1.5° Paris Agreement scenario.
read more... 27/05/2021
Dutch Court Orders Shell To Slash Emissions In Historic Climate Case
A Dutch court ordered on Wednesday oil supermajor Shell to slash its carbon emissions by 45 percent by 2030 in a landmark ruling in a climate case brought by environmentalists that could set precedents for other oil companies.
read more... 27/05/2021