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China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion.
read more... 04/07/2024
Daily (03.07.2024): Carbon prices hit their biggest daily gain in six weeks amid speculative buying
Oil prices retreated on Tuesday, reflecting weak global demand. As a result, Brent crude fell by 0.4% to settle at $86.24 per barrel, while WTI crude closed 0.7% lower at $82.81 per barrel.
read more... 03/07/2024
European Commission approves Swedish carbon capture aid plan
The European Commission on Tuesday approved a 3 billion euro ($3.21 billion) Swedish scheme to support carbon capture and storage aimed at helping the country meet its goal of zero net emissions by 2045.
read more... 03/07/2024
Italy approves green subsidies for 4.6 GW in new technologies
The subsidies for 4.6 GW, approved by the European Commission in early June, are part of the so-called Fer 2 legislation. It has set incentives for both floating and fixed offshore wind plants, thermal solar units, geothermal plants, biogas and biomass facilities, as well as marine plants powered by tidal waves, according to a copy of the signed decree.
read more... 03/07/2024
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German industry turns to solar in race to cut energy costs
For months, Philip Matthias tried to convince his father to install solar panels on their company's roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory.
read more... 03/07/2024