Latest news
UK warned of potential £450bn loss due to energy policy uncertainty
Offshore Energies UK (OEUK) warns of a potential £450 billion loss in the domestic offshore energy market by 2040 without stable policies and competitive taxes.
read more... 27/03/2024
Daily (26.03.2024): Carbon prices hit 2-month highs on Monday due to bullish gas prices
On Monday, oil prices ended higher, driven by prospects of reduced Russian crude oil production, following Ukrainian attacks on refineries. Brent crude increased by 2% at $86.75 a barrel, while WTI Crude rose by 2% to $81.95 a barrel.
read more... 26/03/2024
Munich, Germany aims for CO2-neutral heating by 2040, primarily with geothermal
Munich city utility Stadtwerke München (SWM) has laid out a plan for the heating transition in Munich, Germany that aims to establish CO2-neutral heating by 2040 at the latest, ahead of the 2045 target set by the federal government. With much of this capacity to come from geothermal, SWM is undertaking the expansion of heating networks, new geothermal projects, and additional drilling.
read more... 26/03/2024
Ofgem unveils proposals for energy price cap overhaul
Ofgem has proposed various options for the future of the price cap, including dynamic rates and targeted caps based on vulnerability
read more... 26/03/2024
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Major nuclear projects will have to wait longer for delayed EIB financing
The European Investment Bank (EIB) dealt a major blow to the nuclear industry at last week’s International Nuclear Energy Summit in Brussels, when it dithered over the industry’s request for more funding for nuclear projects, but confirmed that investment in renewable energy will remain a priority until 2030.
read more... 26/03/2024