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EU agrees to quit energy investment treaty over climate concerns
European Union countries unanimously agreed on Thursday to quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts to fight climate change, the Belgian EU presidency said.
read more... 31/05/2024
Daily (30.05.2024): European carbon prices declined on Wednesday amid reduced net short positions from investment funds
Oil prices, which initially rose on Wednesday due to geopolitical risks and the upcoming OPEC+ meeting, reversed their course and ended lower. The world's two crude oil benchmarks initially gained ground after another attack on a ship in the Red Sea. However, the pressure from rising US bond yields took precedence, leading to about a 1% loss for both Brent and WTI Crude, which settled at $83.60 and $79.23, respectively.
read more... 30/05/2024
German cabinet approves bill to accelerate hydrogen power expansion
Germany's cabinet approved on Wednesday a bill to fast-track the construction of hydrogen infrastructure, import and production facilities as Berlin bets on the fuel to help decarbonise Europe's biggest economy, government sources said.
read more... 30/05/2024
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Central European countries amp up pressure on EU over German gas tariff
Four central European countries have stepped up pressure on Brussels to act against Germany over a gas tariff they say undermines their energy security, a document seen by Reuters showed.
read more... 30/05/2024
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EU court rules Poland must pay €68m bill in Turow coal mine case
Warsaw will have to pay €68 million in EU fines over the continued operation of the Turow coal mine despite court orders to the contrary, the EU’s lower court ruled, Wednesday (29 May).
read more... 30/05/2024