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Bavaria plans up to 25% of geothermal heating by 2050
In a government declaration on climate protection, Markus Söder, the Prime Minister for the German State of Bavaria, announced a faster expansion of geothermal energy for heat generation in Bavaria.
read more... 30/07/2021
TotalEnergies to prioritize low carbon intensity in new upstream investments
France's TotalEnergies will specifically assess the carbon intensity of hydrocarbon projects while deciding on investment plans, as part of its ambitious decarbonization strategy, the company's CEO and Chairman Patrick Pouyanne said July 29.
read more... 30/07/2021
Daily (29.07.2021): UK Gas prices on the forward curve hit record highs over 100p/th on Wednesday, tracking higher oil and carbon markets
Oil prices strengthened slightly on Wednesday, following a drop in US crude reserves. Gains, however, were limited by continued worries over the Covid pandemic. Brent oil edged 0.4% higher to $74.74 a barrel and WTI crude increased by 1% to $72.39 a barrel.
read more... 29/07/2021
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EU electricity demand rebounds without more emissions
Electricity demand in the European Union has returned to pre-pandemic levels without a corresponding rise in emissions, according to a report published Wednesday by an energy think tank. An analysis of data from grid operators showed that electricity demand in the EU during the first half of 2021 almost matched the demand in the same six-month period two years earlier, the report by Ember said.
read more... 29/07/2021
Naturgy to plough $16.5 bln into renewables, networks by 2025
Spanish power group Naturgy said on Wednesday it plans to invest 14 billion euros ($16.54 billion) mostly to ramp up its renewable generation capacity and transform power and gas networks to boost core earnings around 30% by 2025.
read more... 29/07/2021