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Solar PV industry caught up in China forced-labour controversy
Political momentum is swaying in favour of European solar panel manufacturers, as work progresses on a new EU law banning forced labour practices that would effectively block Chinese imports.
read more... 19/02/2024
Daily (16.02.2024): European carbon prices surged by over 2% on Thursday amid short covering and rising gas prices
Oil prices surged on Thursday due to escalating tensions in the Middle East, overshadowing ongoing concerns about oversupply and weak demand. Consequently, Brent crude increased by 1.5% to settle at $82.86 a barrel, while WTI crude climbed by about 2% to stand at $78.03 a barrel.
read more... 16/02/2024
EU Commission urges France to raise renewables target to ‘at least 44%’
The EU’s energy commissioner, Kadri Simson, has urged France to raise its renewable energy target to “at least 44%” by 2030, warning it would consider taking “steps” at EU level in case of persistent shortcomings.
read more... 16/02/2024
EU approves $7.4 bln in state aid to boost renewable hydrogen
The EU commission said on Thursday it had approved 6.9 billion euros ($7.4 billion) in state aid for infrastructure projects to boost the supply of renewable hydrogen.
read more... 16/02/2024
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Italy awaits EU clearance on $5.2 bln tariff to cover gas storage costs
Italy's energy authority is awaiting clarity from the European Union on whether a planned tariff to cover costs of gas storage filling, potentially worth 4.8 billion euros ($5.18 billion), is in compliance with the single market rules, two sources said on Thursday.
read more... 16/02/2024