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EU Commission lays out plan to become climate neutral by 2030
The European Commission unveiled plans on Tuesday (5 April) to cut its own greenhouse gas emissions by 60% before the end of the decade, saying the remainder will be compensated with carbon removals.
read more... 07/04/2022
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Cost of gas storage refill will be evenly spread
Austria, the Netherlands and Hungary have flagged concerns about EU plans to ensure the bloc’s gas storage is at least 80% full by 1 November, warning they would bear a disproportionate amount of the cost.
read more... 07/04/2022
Daily (06.04.2022): European front-year electricity prices increased over 1% on Tuesday amid fears of new sanctions on Russian energy
Oil prices decreased on Tuesday as reports about a new round of sanctions against Russia for its alleged war crimes in Ukraine were offset by the extended lockdown in Shanghai. Hence, Brent crude declined by 89 cents, or 0.8%, to settle at $106.64 a barrel. U.S. WTI crude fell by $1.32, or 1.3% to settle at $101.96 a barrel.
read more... 06/04/2022
Parliament backs EU energy infrastructure policy
The European Parliament has approved new rules for selecting which energy projects can receive EU funding and aligning the existing regulation with the EU’s Green Deal.
read more... 06/04/2022
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Southeast Europe can wean itself off Russian gas
Romania and Bulgaria, southeastern Europe’s largest energy consumers after Greece, plan to cut their reliance on Russian gas by 2024, but Moscow's presence in the region could slow down developments for investments, experts said.
read more... 06/04/2022