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European Commission approves Swedish carbon capture aid plan
The European Commission on Tuesday approved a 3 billion euro ($3.21 billion) Swedish scheme to support carbon capture and storage aimed at helping the country meet its goal of zero net emissions by 2045.
read more... 03/07/2024
Italy approves green subsidies for 4.6 GW in new technologies
The subsidies for 4.6 GW, approved by the European Commission in early June, are part of the so-called Fer 2 legislation. It has set incentives for both floating and fixed offshore wind plants, thermal solar units, geothermal plants, biogas and biomass facilities, as well as marine plants powered by tidal waves, according to a copy of the signed decree.
read more... 03/07/2024
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German industry turns to solar in race to cut energy costs
For months, Philip Matthias tried to convince his father to install solar panels on their company's roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory.
read more... 03/07/2024
Daily (02.07.2024): Oil prices rose on Monday, supported by potential US rate cuts and geopolitical tensions
Oil prices were supported on Monday by the prospect of US rate cuts, continuing conflict in the Middle East and the risk of hurricane-related supply disruptions. As a result, Brent crude edged 0.2% up at $86.60 a barrel. WTI crude climbed by 2.3% to settle at $83.38 a barrel.
read more... 02/07/2024
National energy and climate plan: what France risks if it fails to comply
By failing to meet its renewable energy targets for 2020, and refusing to set similar targets for 2030. France risks a heavy fine and the freezing of European funds. But in practice, imposition of penalties seem a long way off.
read more... 02/07/2024