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Daily (04.05.2021): EUAs rallied towards 50 EUR/tonne on Monday amid continuing speculation
Crude oil prices started the week on a front foot, as strong economic figures from China and a rapid coronavirus vaccination pace in the US overshadowed the concerns over increasing virus figures in India. Hence, Brent crude added 0.55 to settle at $67.56 a barrel. Meanwhile, U.S. WTI crude increased by 1.4% to close at $64.69 a barrel.
read more... 04/05/2021
Italy to produce 70-72 per cent of power from renewables in 2030 to reach EU targets
Up to 72 per cent of Italy's electricity will have to be produced with renewable sources in 2030 in order for the country to reach the European emissions-reduction target of 55 per cent by that year, Italy's Ecology Transition Minister said on Wednesday.
read more... 04/05/2021
‘More stable’ EU ETS prices under lower MSR rate
Lowering the intake rate of the EU emissions trading system's (ETS) market stability reserve (MSR) as planned in the coming years will lead to less volatility in the carbon market than if the current rate is retained under higher emission cut scenarios, according to a report published this week.
read more... 04/05/2021
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Poland's plan to extend coal mine's life could cost it EU climate funds
Poland's plan to extend the life of a coal mine in Turow until 2044 could mean the region will not get access to the European Union's flagship green transition fund, the European Commission said on Monday.
read more... 04/05/2021
Daily (03.05.2021): Oil prices dropped by 2% on Friday, weighed by profit-taking and India’s pandemic situation
Crude oil prices ended lower on Friday, weighed by the Covid-19 situation in India and fears for black gold demand. Meanwhile, profit-taking after three sessions of gains also put pressure on prices. As a result, Brent crude fell by 1.9% to $67.25 a barrel, and WTI oil ended 2.2% down at $63.58 a barrel.
read more... 03/05/2021