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Germany to earmark 4 bln euros annually for power subsidy - economy minister
Germany plans to earmark around 4 billion euros ($4.40 billion) annually to subsidize electricity prices for energy-intensive industries, to support an industrial move away from fossil fuels and discourage firms from moving offshore.
read more... 23/05/2023
Italy set to miss near 50% of green power goal
Italy is set to miss nearly 50% of its green power goals by 2030 unless it substantially increases the pace of growth, a new study showed on Monday.
read more... 23/05/2023
EU Parliament delays renewable energy vote after late backlash
The European Parliament has delayed a planned vote to approve new EU renewable energy targets, after France and other countries lodged last-minute opposition to the law last week, according to an internal email seen by Reuters.
read more... 23/05/2023
Daily (22.05.2023): Germany and France spot power prices fell by about 40% on Friday amid higher renewables
Brent crude slipped by 0.3% to $75.58 a barrel on Friday, pressured by stronger dollar and official EIA data, which showed an increase in US crude stocks. Meanwhile, WTI crude traded 0.4% lower at $71.55 a barrel.
read more... 22/05/2023
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G7 backs liquified gas as ‘temporary’ solution, to dismay of climate activists
The Group of Seven rich nations put support for gas investments back into their communiqué on Saturday (20 May), calling it a “temporary” step as they try to de-couple from Russian energy, in a move climate activists say may hurt climate goals.
read more... 22/05/2023