European Union countries failed again to strike a deal on the reform of Europe's electricity market on Friday, with states still at odds over potential new state aid for power plants, diplomatic sources said.
read more... 04/07/2023
On Friday, crude oil prices increased amid a larger-than-expected drop in US inventories, but economic concerns have limited the rise. Hence, Brent crude rose by 0.8% to settle at $74.90 a barrel. Meanwhile, WTI crude surged by 1.1% to end at $70.64 a barrel.
read more... 03/07/2023
European Union countries are considering stricter limits on state aid for power plants in an upcoming revamp of Europe's electricity market, after disagreements between Germany and France over the issue sunk a deal last week.
read more... 03/07/2023
The UK emissions trading scheme (ETS) will be reformed next year to tighten limits on carbon dioxide pollution and expanded in 2026 to include new sectors, the relevant authority said on Monday.
read more... 03/07/2023
The European Commission is readying a proposal for EU countries to jointly quit an international energy treaty, after some governments already pledged to leave over climate concerns.
read more... 03/07/2023