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EU Parliament backs overhaul of Europe's biggest climate policy
The European Parliament on Tuesday approved sweeping reforms to make EU climate change policies more ambitious, including an upgrade of the bloc's carbon market that is set to hike the cost of polluting in Europe.
read more... 19/04/2023
Orsted and Acciona team up to make floating wind more affordable
Danish energy firm Orsted and Spanish engineering group Acciona will team up to develop new foundations for floating offshore wind turbines that cut costs and reduce carbon footprints, the two companies said on Wednesday.
read more... 19/04/2023
Daily (18.04.2023): Oil prices were bearish on Monday influenced by a stronger dollar and a possible rate increase by the U.S. Federal Reserve
Oil prices were bearish on Monday influenced by a stronger dollar and a possible rate increase by the U.S. Federal Reserve. Brent crude fell by 1.8% to $84.76 a barrel and WTI crude slumped by 2% to $80.83 a barrel, despite higher global oil demand.
read more... 18/04/2023
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G7 coalition to keep Russian oil price cap at $60 per barrel
The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow's revenues.
read more... 18/04/2023
G7 countries set targets for solar and wind capacity
Governments of G7 nations have pledged to collectively increase offshore wind capacity by 150GW and solar to more than 1TW by 2030.
read more... 18/04/2023