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EU to propose joint gas buying in response to high energy prices
The European Commission will propose a system for EU countries to voluntarily jointly buy gas to form strategic reserves of the fuel, a measure drawn up in response to soaring energy prices, according to a document shared with countries ahead of a summit this week.
read more... 14/12/2021
Daily (13.12.2021): Oil prices gained around 1% on Friday supported by a stronger US dollar
Oil prices strengthened on Friday, as the US dollar gained ground on expectations of a Fed interest rate hike. Thus, both Brent oil and WTI crude closed 1% higher at $75.15 a barrel and $71.67 a barrel, respectively.
read more... 13/12/2021
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Southern Norway seen tipping into power deficit by 2026
Norway's power production surplus is expected to fall significantly by 2026, with the south of the country moving into deficit owing to rapidly increasing demand, power grid operator Statnett said on Friday.
read more... 13/12/2021
Fate of EU green taxonomy ‘now in the hands of von der Leyen’
European Commission President Ursula von der Leyen has taken charge of a soon-to-be-published list of sustainable investments amid controversy around the possible classification of fossil gas and nuclear energy as “green” or “transitional” activities under certain conditions, according to several sources familiar with the process.
read more... 13/12/2021
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Nuclear exit to unleash wind power in Northern Germany
The shutdown of the last nuclear power plant in Schleswig-Holstein will unclog the electricity grid and unleash wind power in the northern German state, according to its environment minister Jan Philipp Albrecht, reports Clean Energy Wire.
read more... 13/12/2021