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EU in balancing act over carbon border levy
The European Commission’s proposed Carbon Border Adjustment Mechanism is meant to replace free allowances distributed to industry under the existing EU ETS, but European steelmakers worry the transition will be a mess and leave them without protection from foreign competitors.
read more... 15/02/2022
Spain calls on EU to endorse renewable energy contracts for industry
As eldiario.es reported, the Spanish government has called on the European Investment Bank (EIB) to provide financial guarantees for long-term fixed-price supply contracts for renewable energy, known as Power Purchase Agreements (PPAs).
read more... 14/02/2022
Daily (08.02.2022): Oil prices retreated from seven-year highs on Monday amid nuclear talks between the US and Iran
Oil prices took a breather on Monday amid a lack of new signals. However, the market kept an eye on the talks between the US and Iran that could lead to a potential lifting of the sanctions against the Iranian oil industry. Hence, Brent crude lost 0.6% to settle at $92.69 a barrel. U.S. WTI crude decreased by 1.1% to close at $91.32 a barrel.
read more... 08/02/2022
France to invest €5.6bn to decarbonise industry
A total of €5.6 billion will be allocated to decarbonising industry as part of the France 2030 plan, French Prime Minister Jean Castex announced on Friday (4 February) during a visit to the ArcelorMittal site in Dunkirk. EURACTIV France reports.
read more... 08/02/2022
German government disavows blue hydrogen
The new German government unveiled plans last week to massively increase the ambition of its national hydrogen strategy. There is just one caveat: fossil gas-based hydrogen likely won’t be included in subsidy schemes, despite demands from the oil and gas industry.
read more... 18/01/2022