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EU readies 195 billion euro plan to quit Russian fossil fuels
The European Commission plans to unveil a 195 billion euro plan to stop importing Russian fossil fuels by 2027, combining a faster rollout of renewable energy and energy savings with a switch to alternative gas supplies, draft documents show.
read more... 13/05/2022
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Snam signs deal to study Spain-Italy gas pipeline
Italian gas group Snam has agreed with Spain's Enagas to explore the construction of an offshore pipeline between the two countries, as Europe scrambles to diversify its energy supply mix and wean itself off Russian gas.
read more... 13/05/2022
‘Politically-driven’ EU carbon market needs more transparency
The European Union’s flagship climate policy instrument, the Emissions Trading Scheme (ETS), needs more monitoring and transparency in order to prevent “speculation about speculation” and restore political confidence in the market, analysts have said.
read more... 13/05/2022
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Daily (12.05.2022): Brent crude spiked by 5% on Wednesday on worries about supply
Brent oil prices increased on Wednesday by 4.9% to $107.51 per barrel amid a pending European Union ban on oil from Russia, that could further tighten global supplies is underpinning prices.
read more... 12/05/2022
Norway to ramp up offshore wind in drive to go green
Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity.
read more... 12/05/2022