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Daily (21.12.2020): A 20% drop in German and French spot power prices on mild and windy weather outlook
Progress related to the stimulus package in the United States lent support to oil prices on Friday. As such, Brent crude moved 1.5% higher to trade at $52.26 a barrel, while WTI oil rose by 1.5%, or 74 cents, to $49.10 a barrel.
read more... 21/12/2020
Electricity, heat and lithium: geothermal offers new hope for old mining county
A project in Cornwall, England, is building on the county’s history of tin mining, looking to restore jobs and boost the local economy by developing a new geothermal plant that will produce electricity, heat and, hopefully, lithium.
read more... 21/12/2020
Energy utilities prepare to deliver new 2030 climate target
After marathon eight-hour negotiations that went until the early hours of the morning, on 10 December, EU prime ministers and presidents agreed to a European Commission proposal to raise the union’s 2030 target for reducing emissions to 55% from 40% below 1990 levels.
read more... 21/12/2020
Australia forecasts drop in coal output under pressure from Chinese curbs
China is the second-biggest buyer of Australia's thermal coal burned in power plants and metallurgical coal used to make steel
read more... 21/12/2020
Daily (18.12.2020): EUAs at around 32€ highs on Thursday due to tighter EU climate targets and short-auction supply
Crude oil prices continued their upward trend on Thursday, spurred by a larger-than-expected U.S. crude stockpile draw and by optimism about a coronavirus relief package in the United States and record-breaking refining demand in China and India. Hence, Brent crude rose by 42 cents, or 0.8%, to end at $51.50 a barrel. Meanwhile, WTI crude settled 54 cents, or 1.1%, higher at $48.36 per barrel. Both contracts closed again at nine-month highs.
read more... 18/12/2020