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UK Windfall Tax Here to Stay Despite Energy Sector Overhaul
Downing Street’s latest energy announcements this morning will not lead to a reversal in the controversial windfall tax, despite industry hopes of it being softened to make the country’s investment climate more attractive.
read more... 01/08/2023
G20 nations fail to agree on emission reduction targets at talks
The Group of 20 (G20) major nations failed on Friday to agree on concrete targets to cut dangerous emissions, releasing only a statement that dismissed current measures to address climate change as "insufficient".
read more... 01/08/2023
America Flips Switch On First New Nuclear Reactor in 7 Years
The United States has started operations on its first new nuclear reactor in seven years, in a development hailed as having a positive impact on the climate as it releases no greenhouse gas emissions.
read more... 01/08/2023
Daily (31.07.2023): Oil prices extended gains on Friday, driven by supply constraints and a better-than-expected US economy
On Friday, oil prices extended their gains, driven by supply limitations and a stronger-than-anticipated performance of the US economy. Thus, WTI crude ended 0.6% higher at $80.58 a barrel, while Brent crude rose by about 1% to settle at $84.99 a barrel.
read more... 31/07/2023
EU to squeeze carbon market cap in 2024 as new climate policies kick in
The European Union will shrink the supply added to its carbon market next year, as it presses ahead with reforms to strengthen Europe's main policy for curbing greenhouse gas emissions, the European Commission said on Friday.
read more... 31/07/2023