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Swiss govt plans law changes in green energy push
The Swiss government is planning to simplify the approval procedures for large-scale wind and hydropower plants and provide tax advantages for new solar installations in a bid to accelerate the expansion of renewable energy in the country.
read more... 04/02/2022
EU carbon market blurred by volatile prices and speculation, Greens warn
The EU needs to tackle design flaws and speculation on its carbon market to ensure the price of emissions remains high and becomes a more effective tool to drive decarbonisation, according to a report by the Greens in the European Parliament.
read more... 04/02/2022
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EU reviewing contingency plans for gas supply disruptions
The European Union is reviewing contingency plans for disruptions to gas supply, although countries' storage and infrastructure should buffer against major shocks, the EU's energy policy chief said on Wednesday.
read more... 04/02/2022
Daily (04.02.2022): U.S. WTI crude jumped above $90 on Thursday for the first time since 2014
Oil prices climbed back above $90 a barrel, after OPEC and its oil-producing allies decided to stick to a previously announced schedule and increase March production by 400,000 barrels per day, despite mounting pressure from consuming countries to raise supply. Meanwhile, U.S. crude inventories dropped more than expected last week, with stockpiles sitting below their five-year average. As such, Brent crude moved 1.8% higher to $91.11 a barrel. The American WTI crude settled at $90.27, 2.3% up, for the first time since 2014, as demand for petroleum products surges.
read more... 04/02/2022
Daily (03.02.2022): European carbon prices jumped by over €5 on Wednesday amid strong technical buying and bullish energy prices
Crude oil prices rose marginally on Wednesday, supported by the decision of OPEC+ members to maintain the gradual increase in production. Gains, however, were limited by higher US crude reserves. As such, Brent oil edged 0.4% up at $89.47 a barrel and WTI crude gained merely 0.1% at $88.26 a barrel.
read more... 03/02/2022