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Green power avoided 70bcm of gas for EU since war
Renewable energy production avoided the need for 70bcm of natural gas imports to the EU – or around EUR 99bn in costs – following Russia’s full-scale invasion of Ukraine, a study showed on Tuesday.
read more... 19/10/2022
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Germany pushes to extend lifespan of three nuclear plants
German Chancellor Olaf Scholz has asked the economy, environment and finance ministries to lay the legal framework to keep the country's three nuclear power plants operational until as late as April 15, 2023, a letter seen by Reuters showed on Monday.
read more... 19/10/2022
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Mercedes-Benz in preliminary offshore wind deal for electricity from 2027
Mercedes-Benz has struck a preliminary agreement with an offshore wind provider to supply electricity equivalent to 25% of its demand in Germany from 2027 onwards, a spokesperson for the carmaker said on Monday.
read more... 19/10/2022
Daily (18.10.2022): European carbon prices declined ahead this week's European Council discussion on possible EU ETS changes
Oil prices remained stable on Monday as fears that high inflation and energy prices may push the global economy into recession outweighed China's continued adoption of a loose monetary policy. Hence, Brent crude settled at $91.62 a barrel, while WTI decreased by 0.2% to $85.46 per barrel.
read more... 18/10/2022
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Czechs, Germans close to deal on gas sharing in crisis
The Czech Republic and Germany are close to reaching an agreement on sharing gas in times of emergency, Czech Industry Minister Jozef Sikela said on Monday, as the countries seek to bolster energy security amid dwindling supplies of Russian gas.
read more... 18/10/2022