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EBRD stops investing in upstream oil and gas to align with Paris goals
The European Bank for Reconstruction and Development (EBRD) will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the end of 2022, it said on Thursday.
read more... 02/07/2021
Daily (01.07.2021): EUAs hovered near all-time highs on Wednesday on optimism about European reforms and higher gas prices
Oil prices rebounded on Wednesday as U.S. crude stockpiles fell last week for the sixth straight week. In addition, an OPEC report foresaw an undersupplied market this year, boosting crude demand. As a result, Brent crude edged 0.5% higher to end at $75.13 a barrel. The American WTI increased by 0.7% to settle at 73.47 a barrel.
read more... 01/07/2021
The EU’s carbon market reform proposal
A draft of the EU’s revised Emissions Trading Scheme confirms the European Commission’s intention to tighten the cap placed on CO2 emissions from industry and extend carbon trading to cover shipping emissions as well as road transport and heating fuels.
read more... 01/07/2021
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Norwegian 3Q gas output could be quick
Strong output from flexible fields could lift Norway's third quarter gas production close to its highest in recent years.
read more... 01/07/2021
Spain to tender renewable capacity in 175 grid nodes
The Spanish environment and energy ministry plans to tender grid injection capacity to new renewable power projects in 175 nodes across its transmission and distribution grids next year, it announced today.
read more... 01/07/2021