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European geothermal sector joins call for carbon price on heating and cooling
The European Geothermal Energy Council is advocating for a carbon price to be put on heating and cooling in the European Union. Only with a fair price for all forms of energy and the real cost attached will it be able to reach the ambitions carbon neutral goal by 2050.
read more... 17/09/2020
Eni announces new gas discovery offshore Egypt
According to preliminary estimates, Great Nooros Area discovery may contain in excess of 4 trillion cubic feet of gas
read more... 17/09/2020
Daily (16.09.2020): Oil prices ended higher on Tuesday as Hurricane Sally disrupted Gulf of Mexico energy production
Crude oil futures rebounded on Tuesday, buoyed by rising Chinese industrial production and Hurricane Sally which curbed the supply in the Gulf of Mexico. However, bearish forecasts for the energy demand released by the IEA helped to limit the upside for oil prices. Hence, Brent crude for November delivery soared by 92 cents, or 2.3%, to settle at $40.53 a barrel. Meanwhile, U.S. WTI crude for October delivery climbed by $1.02, or 2.7%, to settle at $38.28 a barrel. Both contracts fell on Monday.
read more... 16/09/2020
Investors call on EU to boost carbon-emission reduction goals
An investor group with a combined €33 trillion ($39.1 trillion) in assets has called on the European Union to set 2030 carbon-emission reduction goals at 55%, in an effort to support low-carbon economy investments.
read more... 16/09/2020
EU Green Recovery plan could support 2.3 GW of Spanish solar project capacity
Three big projects are candidates for support from the Covid recovery plan laid out by the bloc.
read more... 16/09/2020