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ETC warns on limits to biomass role in energy transition
The Energy Transitions Commission has warned that rapidly increasing demand for biomass and biofuel could exceed sustainable supply, and should only be used in a narrow range of difficult-to-decarbonize applications.
read more... 06/07/2021
Europe’s largest electrolyser launched, set to multiply capacity tenfold by 2024
Germany’s largest refinery hosts the largest electrolyser of its kind in Europe, built by Shell and the EU. The Anglo-Dutch oil major is already looking towards building an electrolyser ten times larger by 2024 with the aim of supplying German industry with green hydrogen.
read more... 06/07/2021
Daily (06.07.2021): Brent crude neared 3-year high above $77 on Monday amid OPEC impasse, while European coal price marked a new decade high
Oil prices climbed on Monday, with Brent crude trading above $77 a barrel, the highest level since October 2018 following the indefinite postponement of the much-expected meeting of OPEC and non-OPEC ministers. Hence, Brent crude rose by 1.3% to settle at $77.16 a barrel. U.S. WTI crude settled at $76.34 a barrel, posting a 4.7% rise day-on-day.
read more... 06/07/2021
Daily (05.07.2021): German and French spot plummeted by around 13% on Friday amid forecasts for strong wind generation
Crude oil prices ended on a mixed note on Friday awaiting the outcome of a meeting of the OPEC and its allies after a dispute emerged over plans to further ease production curbs through the end of the year. In this context, Brent crude edged 0.4% higher to settle at $76.17 a barrel. Meanwhile, the American WTI closed rather flat at $75.16 a barrel.
read more... 05/07/2021
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Germany leads call to keep nuclear out of EU green finance taxonomy
A group of five EU member states led by Germany have sent a letter to the European Commission asking for nuclear energy to be kept out of the EU’s green finance taxonomy.
read more... 05/07/2021