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Investor group warns EU against labelling gas investments as green
A coalition of investors managing 50 trillion euros ($56.81 trillion) has warned the European Union not to label natural gas investments as sustainable, saying Brussels' draft plan to do so would weaken its global leadership on green finance.
read more... 13/01/2022
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EDF announces new delay and higher costs for Flamanville 3 reactor
France's Flamanville 3 reactor will cost 300 million euros more than forecast and fuel loading is being pushed back by up to six months, EDF said on Wednesday, in the latest setback for a project already running more than a decade late.
read more... 13/01/2022
Germany will likely ‘miss its 2022 and 2023 climate targets’
Germany missed its climate target for 2021 and is likely to miss them again this year and next, according to Vice-Chancellor Robert Habeck who said the country “must triple the pace of emission cuts” to reach its 2030 goals.
read more... 13/01/2022
Daily (12.01.2022): Oil prices surged to their highest levels since early November amid tight supply, mild impact from Omicron
Oil prices surged on Tuesday, with Brent hovering at about $84 a barrel, a level last seen back in November, mainly due to several supply disruptions and as Omicron impact is seen as short-lived. Hence, Brent crude climbed by $2.85, or 3.5%, to $83.72 a barrel. U.S. West Texas Intermediate (WTI) soared by $2.99, or 3.8%, to end at $81.22 a barrel.
read more... 12/01/2022
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France fires up coal power in policy reversal over feared nuclear shortfall
France is to allow its last two operational coal-fired power plants to produce excessive emissions this winter to stave off the threat of electricity shortages resulting from the closure of some nuclear plants.
read more... 12/01/2022