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EU seals agreement on world’s first carbon tariff
EU negotiators reached an agreement early on Tuesday morning (13 December) that will pave the way for Europe to set up the world’s first levy on carbon-intensive goods entering its market.
read more... 13/12/2022
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EU could face gas shortage next year
The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewables.
read more... 13/12/2022
Slovenia imposes windfall tax on energy companies
Energy companies in Slovenia will pay a special tax on windfall profits under legislation that will channel revenue towards promoting renewable energy sources and price subsidies following a law passed on Friday.
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Daily (12.12.2022): Crude oil prices saw their biggest weekly slump in months amid growing recession fears
Crude oil prices ended rather flat on Friday but hit their biggest weekly declines in months as supply issues following weak economic data from China, Europe, and the United States were overshadowed by growing recession fears. Hence, Brent crude steadied at $76.10 a barrel. U.S. WTI crude settled 44 cents lower at $71.02 a barrel, a fresh low for 2022.
read more... 12/12/2022
Hydrogen pipeline between Spain and France to cost $2.6 bln
An underwater pipeline to carry green hydrogen between Spain and France will cost about 2.5 billion euros ($2.6 billion), Spanish Prime Minister Pedro Sanchez said on Friday, adding he hoped the European Union would partly fund the project.
read more... 12/12/2022