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Spain extends gas price cap amid fears of total Russian gas cut-off
Spain will extend a gas price cap to power plants linked to heavy industry amid fears Russia could cut off all gas supply to Europe by land or sea, Spanish Prime Minister Pedro Sanchez said on Tuesday.
read more... 08/09/2022
Netherlands warns against EU carbon market fundraising plan
The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian gas would undermine the bloc's climate change policy, and put forward alternative plans.
read more... 08/09/2022
Daily (07.09.2022): Oil prices fell on Tuesday on concerns over waning demand and slowing global growth
The prices of crude oil plunged on Wednesday amid concerns over waning demand and slowing global economic growth. Thus, Brent crude settled 3% lower at $92.83 a barrel. WTI crude edged 2.6% down at $86.88 a barrel.
read more... 07/09/2022
Germany introduces steps to boost renewable energy expansion
Germany's government will introduce further measures to promote the expansion of renewable energy, including a new solar power tender and improving biogas plant regulations, a draft law showed on Tuesday, as Berlin seeks alternatives for Russian gas.
read more... 07/09/2022
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EU approves €341m Greek scheme to support electricity storage facilities
The European Commission has approved a Greek scheme, with an estimated budget of €341 million (£293m), to support the construction and operation of electricity storage facilities.
read more... 07/09/2022