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Norway postpones controversial onshore wind power tax
The Norwegian government said on Thursday it was postponing plans to introduce additional taxes for onshore wind power operators by a year to 2024 amid industry concern it may derail renewable energy expansion.
read more... 12/05/2023
France to offer new tax credit for investments in green technologies
The French government will offer a new tax credit for environmentally-friendly investments and make cash incentives for buying new electric cars conditional on them being made in Europe, President Emmanuel Macron said on Thursday.
read more... 12/05/2023
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1.6 million UK homes joined scheme to cut winter power demand
Some 1.6 million British homes signed up to a scheme paying them to cut electricity use to help prevent power shortages last winter, saving over 3,300 megawatt hours (MWh) of electricity, National Grid said on Wednesday.
read more... 12/05/2023
Daily (11.05.2023): Oil prices retreated on Wednesday amid an unexpected increase in U.S. commercial crude oil reserves
Oil prices retreated on Wednesday on the back of an unexpected increase in U.S. commercial crude oil reserves. The impasse over the U.S. debt ceiling also began to worry markets, further weighing on prices. Thus, Brent crude lost 1.3% to settle at $76.41 a barrel. WTI crude dropped by around 1.6% to $72.56 a barrel.
read more... 11/05/2023
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EU launches first round of tenders to jointly buy gas
The European Commission on Wednesday (10 May) launched the first round of tenders for gas sellers to link with EU buyers on the joint gas purchasing platform to help maintain security of supply and tackle high energy prices.
read more... 11/05/2023