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Daily (08.05.2024): European year-ahead power prices fell by 2% on Tuesday
Oil prices ended slightly down but close to equilibrium on Tuesday. The market is eagerly anticipating the possibility of a ceasefire in the Middle East, yet optimism has waned somewhat following indications that the latest proposal may have faltered. Hence, Brent crude settled at $83.16 per barrel, and WTI crude was stable at $78.38 per barrel.
read more... 08/05/2024
Nuclear site licence issued for UK's Sizewell C
The Office for Nuclear Regulation (ONR) has granted a nuclear site licence for the Sizewell C site in eastern England, where the plan is to replicate the Hinkley Point C model of a nuclear power plant featuring two EPRs.
read more... 08/05/2024
France aims to subsidise hydrogen with carbon capture
The government was drafting a decree that would not register greenhouse gas emissions from hydrogen production when the CO2 was captured to be used in other industrial processes or stored, the economic daily added.
read more... 08/05/2024
Ireland identifies four coastal areas for offshore wind projects
The Irish Ministry for the Environment, Climate and Communications has unveiled the draft South Coast Designated Maritime Area Plan (DMAP), marking a step towards harnessing offshore renewable energy.
read more... 08/05/2024
Daily (07.05.2024): Carbon prices rose by 2% on Monday amid weaker auctions supply
Oil prices saw a modest increase after a series of geopolitical developments. Hamas accepted a ceasefire proposal mediated by Qatar and Egypt, but Israel rejected it, citing unmet core demands. Concurrently, Saudi Arabia announced an increase in its official selling prices for June, affecting most regions. As a result, Brent crude rose by 0.5% to $83.33 a barrel, and WTI crude also increased by 0.5% to $78.48 a barrel.
read more... 07/05/2024