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EU at odds over gas price cap as 12 countries criticise latest proposal
A dozen countries including Belgium, Italy, Poland and Slovenia have made a push to "significantly" lower a planned European Union cap on gas prices, as the bloc struggles to strike a deal on the measure.
read more... 12/12/2022
Germany's 2022 renewable power production rises but still behind 2030 target
Germany's power production from renewable energy rose in 2022, but it is still below the threshold needed to reach the target of generating 80% of electricity from renewables by 2030, the Environment Agency said on Monday.
read more... 12/12/2022
Daily (09.12.2022): Crude oil prices tumbled for a fifth straight session on Thursday amid economic concerns
Crude oil prices fell for a fifth consecutive session on Thursday as traders ignored the closure of a significant Canada-to-U.S. crude pipeline, instead focusing on worries that the global economy would slow down and reduce the demand for fuel. Hence, Brent crude settled at $76.15 a barrel, decreasing by $1.02, or 1.3%. U.S. WTI crude settled at $71.46 a barrel, shedding by 55 cents, or 0.8%.
read more... 09/12/2022
Portugal ends mandatory environmental assessments for green hydrogen projects
Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said.
read more... 09/12/2022
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Germany, Netherlands set out red lines on EU gas price cap
Six European Union countries, including Germany and the Netherlands, have warned that they cannot accept other member states' attempts to lower further the level at which the bloc will cap gas prices, according to an email seen by Reuters.
read more... 09/12/2022