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Labour wins UK election, pledges net-zero electricity by 2030
The UK Labour Party secured a landslide victory in the country’s general election held on Thursday, ending 14 years of Conservative rule and potentially reshaping the UK’s future energy landscape while hastening decarbonisation.
read more... 08/07/2024
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Termination of EEX-Nasdaq deal could hit trading – Uniper
EEX’s cancellation of a deal to acquire Nasdaq’s Nordic power derivatives market has caused doubt in the market that could hit liquidity, German utility Uniper told Montel, while others sought clarity from Nord Pool on its plans for the region.
read more... 08/07/2024
Germany to seek bids for hydrogen-ready power plants by early 2025
Germany said on Friday it will launch the first tender for the construction and modernisation of 12.5 gigawatts (GW) of gas power plants that can switch to hydrogen by the end of 2024 or early next year, following industry pressure. The tenders are part of efforts to supplement wind and solar energy and speed up the transition to low carbon generation as Germany shifts to renewables, having switched off nuclear power.
read more... 08/07/2024
Daily (05.07.2024): Carbon prices fell as US markets were closed for Independence Day
Oil prices rose slightly following a decline in US inventories, the weakness of the dollar and forecasts of rate cuts by the Federal Reserve (Fed). As a result, Brent crude settled at $87.43 per barrel, while WTI crude closed at $83.94 per barrel.
read more... 05/07/2024
EU moves ahead with provisional tariffs on EV imports from China
The European Union moved ahead with plans to impose provisional tariffs on the imports of electric vehicles made in China that would raise rates to as high as 48 percent, a step likely to escalate trade tensions with Beijing.
read more... 05/07/2024