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Daily (02.02.2024): European carbon prices plunged by 3% on Thursday, weighed by sluggish demand and ample supply
On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.
read more... 02/02/2024
German carbon capture row heightened by EU’s draft 2040 climate plan
Germany’s upcoming carbon management strategy is being delayed by government divisions on carbon capture and storage (CCS), further exacerbated by a leaked EU climate policy draft for 2040 promoting the controversial technology.
read more... 02/02/2024
Timing opportune for European renewable power supply deals
Prices of European power purchase agreements (PPA) for green electricity fell 2% in the fourth quarter of 2023, making a case for buyers to strike new deals ahead of an expected rise in demand, price tracking platform LevelTen said on Thursday.
read more... 02/02/2024
Italy plans car-sales incentives worth $1.1B in 2024
Italy will provide subsidies worth almost 1 billion euros ($1.1 billion) this year to support car purchases and the transition to less polluting vehicles, an industry ministry official said on Thursday.
read more... 02/02/2024
Daily (01.02.2024): Carbon prices extended their gains on Wednesday, supported by colder weather and rising gas prices
Oil prices declined on Wednesday, weighed by a sluggish Chinese economy despite the many ongoing tensions around the world. As a result, Brent crude fell by about 1.4% to settle at $81.71, while WTI crude tumbled by about 2.5% to close at $75.85 per barrel.
read more... 01/02/2024