Icelandic companies Carbfix and ON Power, subsidiaries of Reykjavik Energy, have received funding from the European Union’s Innovation Fund for the Silfurberg project. The grant is one of the highest that has been granted for a climate project in Iceland and amounts to about EUR 3.9 million (approx. ISK 600 million). This is the first time that an Icelandic project has been funded by the fund.
read more... 17/08/2021
The amount of permits in circulation in Europe's carbon market increased last year, as the COVID-19 pandemic caused emissions covered by the scheme to drop, the European Commission said on Wednesday.
read more... 13/05/2021
Greenhouse gas (GHG) emissions from stationary installations covered by the EU emissions trading system (ETS) are projected to have fallen by the largest amount last year since the launch of the carbon market, according to provisional data released by the European Commission this week.
read more... 08/04/2021
Oil prices pulled back on Thursday and are on the track to reach the third straight week of losses as a new round of coronavirus restrictions in Europe revived worries about demand, counterbalancing the potential impact of a blocked Suez Canal. Hence, Brent crude shed by $2.46 or 3.8% to settle at $61.95 a barrel. Meanwhile, U.S. WTI crude dropped by $2.62 or 4.3% to close at $58.26 per barrel.
read more... 26/03/2021
Two of Europe's largest power groups have called on the EU to refrain from backtracking on plans to essentially exclude natural gas from its green taxonomy, a guide for investors that is supposed to drive vast amounts of capital into climate-friendly activities over the coming decades.
read more... 25/03/2021