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European Commission approves up to €1.4 billion for fourth hydrogen IPCEI
The European Commission has approved, under EU State aid rules, a fourth Important Project of Common European Interest (IPCEI) to support research, innovation and the first industrial deployment in the hydrogen value chain. Seven member states will provide up to €1.4 billion in public funding, which is expected to unlock an additional €3.3 billion in private investments.
read more... 03/06/2024
EU agrees to quit energy investment treaty over climate concerns
European Union countries unanimously agreed on Thursday to quit an international energy treaty over concerns that it protects fossil fuel investments and undermines efforts to fight climate change, the Belgian EU presidency said.
read more... 31/05/2024
Daily (30.05.2024): European carbon prices declined on Wednesday amid reduced net short positions from investment funds
Oil prices, which initially rose on Wednesday due to geopolitical risks and the upcoming OPEC+ meeting, reversed their course and ended lower. The world's two crude oil benchmarks initially gained ground after another attack on a ship in the Red Sea. However, the pressure from rising US bond yields took precedence, leading to about a 1% loss for both Brent and WTI Crude, which settled at $83.60 and $79.23, respectively.
read more... 30/05/2024
RWE makes investment decision for 1.6GW wind farms in German North Sea
German utility company RWE has reached a final investment decision on the Nordseecluster, which include a cluster of four offshore wind projects with a combined capacity of 1.6GW.
read more... 28/05/2024
National Grid unveils £60bn investment strategy
British multinational electricity and gas utility company National Grid has unveiled a £60bn ($76.3bn) investment plan set to transform its networks up to 2028.
read more... 27/05/2024