The UK government wants 25% of electricity demand in 2050 to be met by up to 24 GW of nuclear generation capacity, up from 9 GW currently, it said in an Energy Security Strategy announcement late April 6.
read more... 08/04/2022
Oil prices extended losses for the third day in a row on Thursday amid uncertainty that the eurozone will be able to effectively penalize Russian energy exports and after consuming nations announced a large release of oil from emergency reserves. The coronavirus outbreak in Shanghai that has forced a lockdown in China's second-largest city put further pressure on prices. Hence, Brent crude slipped by 49 cents, or 0.5%, to settle at $100.58 a barrel. U.S. WTI crude lost 20 cents, or 0.6%, to settle at $96.03 a barrel.
read more... 08/04/2022
Crude oil prices slumped to their lowest levels since March 16 on Wednesday amid news that member states of the International Energy Agency (IEA) will release 120 million barrels from strategic reserves to put an end to the escalating prices. Hence, Brent crude dropped by $5.57, or 5.2%, at $101.07 a barrel. U.S. WTI crude fell by $5.73, or 5.6%, to settle at $96.23 a barrel.
read more... 07/04/2022
The German government presented on Wednesday (6 April) a comprehensive revamp of the country’s electricity sector, outlining new frameworks for renewables, power grids and markets in order to set the country on track to reach climate neutrality.
read more... 07/04/2022
The European Commission unveiled plans on Tuesday (5 April) to cut its own greenhouse gas emissions by 60% before the end of the decade, saying the remainder will be compensated with carbon removals.
read more... 07/04/2022