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Investor clash on gas and nuclear muddies EU green finance drive
European efforts to reach a common definition of sustainable investments risk fragmenting the market they aimed to unify, as investors are deeply divided over which energy sources should count as green.
read more... 26/01/2022
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Germany supports gas in EU green label row
The German government this weekend reiterated its opposition to include nuclear energy in the EU's green finance taxonomy, while it called on the European Commission to amend rules for the inclusion of natural gas as a transitional fuel.
read more... 26/01/2022
Daily (25.01.2022): Gas prices soared by more than 18% on Monday, amid increasing concerns of a military conflict between Russia and Ukraine
Crude oil prices continued to fall on Monday, due to an upwards correction on stock markets, as well as a stronger US dollar. Thus, Brent oil lost 1.8% at $86.27 a barrel and WTI crude dropped by 2.2% to $83.31 a barrel.
read more... 25/01/2022
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UK government commits 32 mln pounds for floating wind projects
The British government said on Tuesday it will commit nearly 32 million pounds ($42 million) to fund the development of floating offshore wind projects to help lessen its dependence on gas, the price of which has increased sharply.
read more... 25/01/2022
Germany calls for taxonomy changes, EU27 move forward on energy crisis reaction
Germany has called for changes to the European Commission's draft sustainable finance taxonomy guidelines on nuclear and gas, while EU energy ministers have made some progress in informal talks on guarding against future gas price spikes.
read more... 25/01/2022