Crude oil prices rose on Wednesday, as the International Energy Agency (IEA) predicted a rise in crude demand, despite the spread of the Omicron variant. Furthermore, the situation was exacerbated by the apparent inability of OPEC+ to meet its production targets. Thus, Brent oil gained 1.1% at $88.44 a barrel and WTI crude jumped by 1.8% to $86.96 a barrel.
read more... 20/01/2022
The European Union needs tougher rules and financial penalties to ensure each country cuts greenhouse gas emissions to deliver the bloc's climate targets, according to the European Parliament's lead lawmaker on the policy.
read more... 18/01/2022
BP , Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending.
read more... 18/01/2022
Germany missed its climate target for 2021 and is likely to miss them again this year and next, according to Vice-Chancellor Robert Habeck who said the country “must triple the pace of emission cuts” to reach its 2030 goals.
read more... 13/01/2022
Germany's new economy and climate minister Robert Habeck has outlined plans to fast track renewables in order to meet an 80% share in the power mix target by 2030.
read more... 12/01/2022