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Europe’s industry and power sector emissions plunge 15% in 2023
The EU’s emissions trading scheme sectors, industry and power, saw emissions drop by 15% in 2023, putting them on track for their 2030 targets, but experts question whether this was because of – or despite – Europe’s carbon trading framework.
read more... 05/04/2024
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EU approves €900 million French biomass scheme
The European Commission has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production, to foster the transition towards a net-zero economy in line with the Green Deal Industrial Plan.
read more... 05/04/2024
Daily (04.04.2024): European carbon prices declined for third consecutive day on Wednesday amid reduced volatility and bearish gas prices
On Wednesday, oil prices continued their rise, supported by escalating geopolitical tensions and by a strong fuel demand in the United States last week. Hence, Brent crude increased by 0.5% to settle at $89.35 a barrel, while WTI crude stood at $85.43 a barrel, up 0.3% day-on-day.
read more... 04/04/2024
Funding issue may blow Italy’s offshore wind plans off course
“Offshore plants risk not being built” unless incentives recently outlined by the government were raised, said Simone Togni, president of wind association ANEV.
read more... 04/04/2024
Daily (03.04.2024): Supply concerns and the Middle-East conflict boosted oil prices on Tuesday
Oil prices surged to their highest level in five months on Tuesday amid worries about supply constraints. The surge was fuelled by fears of retaliatory actions from Iran following a fatal strike, attributed to Israel, on an Iranian diplomatic facility in Damascus. Brent crude rose by 2% to $88.92 a barrel, while WTI Crude posted a 2% decrease to $85.15 a barrel.
read more... 03/04/2024