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Britain approves first new coal mine in decades despite climate targets
Britain approved its first new deep coal mine in decades on Wednesday to produce the high-polluting fuel for use in steelmaking, a decision which drew criticism from opponents who say it will hinder climate targets.
read more... 08/12/2022
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WindEurope calls for EU electricity markets reform
WindEurope and the chemical industry representative body Cefic have written to the European Commission calling for electricity markets to support investments in renewables
read more... 08/12/2022
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UK government to ease ban on onshore wind farms to head off revolt
British Prime Minister Rishi Sunak's government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party's lawmakers who had demanded they should be permitted with local support.
read more... 08/12/2022
Daily (07.12.2022): Brent ended below $80 per barrel for the second time in 2022 amid ongoing economic jitters
Crude oil prices fell sharply on Tuesday amid concerns about an uncertain economy. Hence, Brent crude shed by 4% to settle at $79.35 a barrel, its largest daily decline since late September. Meanwhile, U.S. WTI crude dropped by 3.5%, to settle at $74.25 a barrel, their lowest settlement this year.
read more... 07/12/2022
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EU struggles to agree gas price cap, considers 220-euro limit
European Union countries on Tuesday considered the latest proposal for a lower gas price cap of 220 euros ($231), a week away from a meeting when the bloc hopes to resolve an issue that has deeply divided the 27 member states.
read more... 07/12/2022