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EU strikes deal to boost carbon market, Europe's biggest climate policy
European Union negotiators reached a political deal on Sunday to overhaul the bloc's carbon market, cutting planet-heating emissions faster and imposing new CO2 costs on fuels used in road transport and buildings from 2027.
read more... 19/12/2022
German pipeline firms say they will 'make hydrogen happen' in 2025
Germany's Gascade, Ontras and terranets have agreed to convert high-pressure gas pipelines to transport low-carbon hydrogen from the Baltic Sea all the way the south of the country by 2025, the companies said on Thursday.
read more... 19/12/2022
Daily (16.12.2022): British gas prices soared by about 3% on Thursday amid colder weather, increased storage withdrawals
Crude oil prices retreated on Thursday as traders fretted about the fuel demand outlook amid a stronger dollar and additional interest rate increases by international central banks. Hence, Brent crude fell by $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped by $1.17, or 1.5%, to settle at $76.11 a barrel.
read more... 16/12/2022
German parliament passes 100 bln eur package to cap energy bills
Germany's lower house of parliament on Thursday passed legislation worth an estimated 100 billion euros ($106.14 billion) to put the brakes on electricity and gas bills for households and industry from January.
read more... 16/12/2022
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ICE warns it could relocate gas trading out of EU if bloc caps price
The Intercontinental Exchange has warned it will consider relocating its gas trading hub to outside of the European Union, if Brussels agrees a plan to cap gas prices.
read more... 16/12/2022