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Daily (30.06.2021): EUAs hiked at fresh six-week highs on Tuesday amid bullish gas, upcoming carbon market reform
Crude oil prices stabilised on Tuesday, with the market still focused on the upcoming OPEC summit, where the organization is set to plan their output strategy for the coming months. Hence, Brent crude steadied at $74.76 a barrel. At the same time, U.S. WTI crude ended rather flat at $72.98 a barrel.
read more... 30/06/2021
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Asia's new coal plant plans jeopardise climate targets
Five Asian countries are responsible for 80% of new coal power plants planned around the world, the Carbon Tracker group said on Wednesday, saying most would prove uneconomical and the new plants would put international climate goals out of reach.
read more... 30/06/2021
Spain earmark 1.3 bln euros in aid to renewable power generation for private consumption
The Spanish government approved a 1.3 billion euro ($1.55 billion) plan to finance investments in renewable power generation for private consumption with the rescue funds to be disbursed by the European Union, spokesperson Maria Jesus Montero said on Tuesday.
read more... 30/06/2021
Grid will say bye to coal in 2024!
Monday 30th September 2024 will mark the last day coal is used for power generation in the UK.
read more... 30/06/2021
Daily (29.06.2021): British gas prices retreated on Monday amid improved supply from Norway and despite strong carbon prices
Crude oil prices opened the week on the back foot after the oil market hit a three-year high on Friday. Increasing number of the new so-called Delta variant and expectations that OPEC+ producers will boost supply at an upcoming meeting put pressure on crude prices on Monday. Hence, Brent crude shed by 2% to settle at $74.68 a barrel. U.S. WTI crude ended at $72.91 a barrel, falling by 1.5% day-on-day.
read more... 29/06/2021