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High energy costs intensify debate over EU plan to decarbonise heating and transport
A European Union plan to charge fuel suppliers for the CO2 emitted by cars and heating buildings is emerging as the most contentious element in a raft of climate change policies the bloc’s member states are negotiating this year.
read more... 21/03/2022
Daily (18.03.2022): Oil prices surpassed again $100 a barrel on Thursday amid risk of supply shortfall
Oil prices climbed back above $100 a barrel on Thursday as risks of a Russian supply shortfall are increasing amid doubts that a resolution between Russia and Ukraine will be reached in the near term. Hence, Brent crude soared by 8.8%, to settle at $106.64 a barrel, its largest percentage gain since mid-2020. U.S. WTI crude increased by 8.4%, to close at $102.98 a barrel.
read more... 18/03/2022
Germany, Norway agree tentative plan to build hydrogen pipeline link
With Europe planning to end its reliance on Russian gas as quickly as possible, Norway, the second-largest gas exporter to the EU, “wants to actively contribute to the rapid development of the hydrogen market in Germany” and on the continent.
read more... 18/03/2022
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Lawmakers urge Brussels to ditch green label for gas in EU taxonomy
A group of 102 lawmakers in the European Parliament have called on the European Commission to withdraw its proposal to include fossil gas in the EU’s green finance taxonomy, saying Russia’s invasion of Ukraine has rendered the proposal obsolete.
read more... 18/03/2022
Berlin to spend EUR 203bn to speed up energy transition
Berlin aims to fund the German energy transition and climate protection measures with EUR 203bn by 2026, an increase of EUR 86bn, to reduce its dependency on Russian energy supplies, Germany’s economy ministry said late on Wednesday.
read more... 18/03/2022