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G7 to step up moves to renewables, zero carbon
Energy and environment ministers of the Group of Seven (G7) wealthy nations vowed yesterday to work to hasten the shift toward cleaner, renewable energy, but set no timetable for phasing out coal-fired power plants as they wrapped up two days of talks in the northern Japanese city of Sapporo.
read more... 17/04/2023
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Daily (17.04.2023): European forward electricity prices fell by 3% on Friday, in tandem with bearish gas, carbon markets
Crude oil prices rose slightly on Friday after the International Energy Agency (IEA) unveiled global demand will hit a record high this year on the back of a recovery in Chinese consumption. Hence, Brent crude rose by 0.3% to settle at $86.31 a barrel. U.S. WTI crude settled at $82.52 a barrel, gaining 0.4% day-on-day.
read more... 17/04/2023
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Norway parliament to discuss proposals to stop electrification of major LNG plant
Norway's parliament will on Thursday debate proposals to delay, or stop, a plan to electrify Western Europe's largest liquefied natural gas (LNG) plant, in the latest example of controversy over cutting CO2 emissions in the Nordic country.
read more... 14/04/2023
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German grid firm Amprion plans to invest 22 bln euros over five years
German grid firm Amprion on Thursday said it plans to invest around 22 billion euros ($24 billion) over five years in its power transmission network, one of four in Europe's biggest economy, to make lines and cables fit for the transition to more renewable electricity.
read more... 14/04/2023
Denmark latest EU country to plan Energy Charter Treaty exit
Denmark is working towards exiting the Energy Charter Treaty, its energy ministry said on Thursday, casting further doubt over an international agreement that critics say has become an obstacle to tackling climate change.
read more... 14/04/2023