Latest news
EU raises offshore wind target to 300GW by 2050
The EU has increased its offshore wind capacity target to 300GW by 2050, today's European offshore renewable energy strategy presented by the European Commission shows.
read more... 20/11/2020
Daily (19.11.2020): EUAs increased by 2% on Wednesday influenced by news that the start of the 2021 auctions would be delayed
Wednesday, OPEC has reconfirmed its intentions to continue cutting production, thus supporting crude oil prices amid Covid-19 and demand worries. As a result, Brent crude for January delivery closed 1.4% up at $44.34 a barrel, while WTI crude edged 0.9% higher at $41.82 a barrel.
read more... 19/11/2020
France’s ambitious offshore strategy faces obstacles
As the European Commission prepares to publish its offshore renewable energy strategy, France’s wind farm projects – already delayed compared to its European neighbours – face opposition from fishermen already operating in difficult maritime environments because of Brexit.
read more... 19/11/2020
China's Sinopec plans to produce over 30 bcm natural gas in 2020
China Petroleum & Chemical Corp, or Sinopec, said on Thursday it plans to produce more than 30 billion cubic metres (bcm) of natural gas in 2020, marking an increase of just 1.1% from its output in 2019.
read more... 19/11/2020
UK includes new nuclear in 'green industrial revolution'
UK Prime Minister Boris Johnson has unveiled a 10-point plan that he says can be "a global template" for delivering net-zero emissions. Point 3 of the plan is the government's commitment to develop new nuclear power, from large-scale to small and advanced modular reactors. This includes investment of GBP525 million (USD696 million) for "the next generation of small and advanced reactors".
read more... 19/11/2020