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France to build new nuclear-powered aircraft carrier
Macron framed the decision to use nuclear reactors to propel the future warship as part of France's climate strategy, stressing its lower emissions compared to diesel fuel
read more... 09/12/2020
Quarter of forecast LNG supply needed by 2040 to meet 2C global warming limit
Under a climate pact to cut global warming, nations have committed to a long-term goal of limiting the average temperature rise to below 2C above pre-industrial levels and to pursue efforts to limit it even further to 1.5C.
read more... 09/12/2020
German EWE eyes carbon neutrality by 2035
German utility EWE has announced plans to be carbon neutral by 2035 and aims to close its hard coal-fired units by the mid-20s at the latest.
read more... 09/12/2020
Daily (08.12.2020): Oil prices strated the week on the back foot amid renewed COVID-19 fears
Crude oil prices closed lower on Monday, starting the week with a negative performance, as concerns about the surging number of coronavirus cases in many countries overshadowed positive impact from COVID-19 vaccine news and smaller than expected increase in output by the OPEC+ alliance. Heightened tensions between the United States and China put further pressure on WTI price. Hence, Brent crude declined by 0.9% to settle at $48.79 a barrel. Meanwhile, WTI crude decreased by 1% to end at $45.46 a barrel.
read more... 08/12/2020
Czechs eyes coal phase-out by 2038
The Czech coal commission recommended to phase out coal by 2038. Environmental groups, who fought for 2033, were outvoted and walked out of the commission in protest.
read more... 08/12/2020