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EU postpones decision on China EV tariffs
The European Commission will postpone its decision on Chinese electric vehicle tariffs until after the European Parliament election on June 9, a source familiar with the matter told Reuters.
read more... 31/05/2024
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Germany to scrap gas storage tariff for neighbours after backlash
Germany plans to abolish next year a gas storage tariff it charges neighbours for buying gas from its reserves, an economy ministry official said on Thursday, following complaints from the neighbouring countries.
read more... 31/05/2024
EU agrees to quit energy investment treaty over climate concerns
European Union countries unanimously agreed on Thursday to quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts to fight climate change, the Belgian EU presidency said.
read more... 31/05/2024
Daily (30.05.2024): European carbon prices declined on Wednesday amid reduced net short positions from investment funds
Oil prices, which initially rose on Wednesday due to geopolitical risks and the upcoming OPEC+ meeting, reversed their course and ended lower. The world's two crude oil benchmarks initially gained ground after another attack on a ship in the Red Sea. However, the pressure from rising US bond yields took precedence, leading to about a 1% loss for both Brent and WTI Crude, which settled at $83.60 and $79.23, respectively.
read more... 30/05/2024
German cabinet approves bill to accelerate hydrogen power expansion
Germany's cabinet approved on Wednesday a bill to fast-track the construction of hydrogen infrastructure, import and production facilities as Berlin bets on the fuel to help decarbonise Europe's biggest economy, government sources said.
read more... 30/05/2024