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Daily (02.12.2021): European carbon prices gained nearly 2% on Wednesday, reaching a new record level amid bullish energy markets
Oil prices lost ground on Wednesday, pressured by lingering coronavirus fears. Moreover, prices suffered as OPEC+ members delayed their decision on whether to further raise their crude production or not. Thus, Brent oil fell by 2.4% to $68.87 a barrel and WTI crude ended 0.9% down at $65.57 a barrel.
read more... 02/12/2021
RWE wins tender to build Denmark's largest ever offshore wind farm
Germany's RWE on Wednesday won a tender to build what will be Denmark's largest wind farm, The Danish Energy Agency said, adding that this will be the world's first offshore wind farm constructed with actual payments to the state.
read more... 02/12/2021
Lithium from German geothermal plants could supply a million electric vehicles a year from 2025
Batteries made with zero-emission lithium from geothermal plants in Germany could power one million vehicles per year by the mid-2020s, according to Vulcan Energy, a company setting out to produce climate neutral lithium in Europe.
read more... 02/12/2021
Renewable electric growth on course to accelerate significantly
The International Energy Agency (IEA) has reported that the growth of renewable electricity derived from solar panels, wind turbines, and other renewable technologies is on course to accelerate over the coming years.
read more... 02/12/2021
Daily (01.12.2021): Oil prices tumbled to their lowest levels since end of August amid Omicron fears
Crude oil prices tumbled on Tuesday following comments by Moderna's CEO Stephane Bancel that current COVID-19 vaccinations are unlikely to be as effective against the Omicron version. Hence, Brent crude for January sank by 3.9% to settle at $70.57 a barrel. U.S. WTI crude futures ended 5.4%, lower at $66.18 a barrel. Both contracts hit their lowest levels since August 23.
read more... 01/12/2021