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Slovenia imposes windfall tax on energy companies
Energy companies in Slovenia will pay a special tax on windfall profits under legislation that will channel revenue towards promoting renewable energy sources and price subsidies following a law passed on Friday.
read more... 13/12/2022
Daily (12.12.2022): Crude oil prices saw their biggest weekly slump in months amid growing recession fears
Crude oil prices ended rather flat on Friday but hit their biggest weekly declines in months as supply issues following weak economic data from China, Europe, and the United States were overshadowed by growing recession fears. Hence, Brent crude steadied at $76.10 a barrel. U.S. WTI crude settled 44 cents lower at $71.02 a barrel, a fresh low for 2022.
read more... 12/12/2022
Hydrogen pipeline between Spain and France to cost $2.6 bln
An underwater pipeline to carry green hydrogen between Spain and France will cost about 2.5 billion euros ($2.6 billion), Spanish Prime Minister Pedro Sanchez said on Friday, adding he hoped the European Union would partly fund the project.
read more... 12/12/2022
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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