Global renewable energy capacity is expected to grow by two and a half times by 2030 but governments need to go further to achieve a goal of tripling it by then agreed at United Nations' climate talks, the International Energy Agency (IEA) said.
read more... 11/01/2024
Oil prices rebounded by 2% on Tuesday after a significant drop the previous day. The market's attention was focused on concerns over global crude supplies due to the shutdown of a major Libyan field and tensions in the Red Sea. Thus, Brent crude stood at $77.59, while WTI crude settled at $72.24 per barrel.
read more... 10/01/2024
EDF Energy has announced it will invest a further GBP1.3 billion (USD1.7 billion) in the UK's five operating nuclear power plants over the next two years and plans to further extend the lives of the four operating Advanced Gas-cooled Reactor (AGR) plants.
read more... 10/01/2024
The German storage levy charges a fee on all gas exiting the German grid, set at €1.86/MWh for January-June, with the aim of recouping money spent to purchase strategic reserves in 2022.
read more... 10/01/2024
The European Commission (EC) on Monday approved, under state aid rules, a EUR-2.9-billion (USD 3.17bn) French tax credit scheme to support the production of solar panels, batteries, wind turbines and heat pumps, as well as associated key components and critical raw materials.
read more... 10/01/2024