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EU climate plan blows hot and cold on forestry, biomass
While recognising the positive role of forests in mitigating global warming, the European Commission has riled the agroforestry and biomass industries by stating its intention of limiting growth in the sector.
read more... 24/09/2020
Gazprom orders extra transit capacity in Ukraine
Gazprom has boosted its Ukranian gas transit requirements in October, booking additional interstate capacity via auction platforms in Poland and Hungary.
read more... 24/09/2020
Daily (23.09.2020): European carbon prices surged by over 5% on Tuesday amid compliance buying and speculative short-covering
Crude oil prices recovered slightly from the steepest one-day loss in almost two weeks following the equities’ advance and amid expectations for a second decrease on U.S. crude supplies. However, surging COVID-19 cases put a lid on gains. Hence, Brent crude for November delivery rose by 28 cents, or 0.7%, to end the session at $41.72 a barrel. Meanwhile, U.S. WTI crude increased by 1% to settle at $39.70 a barrel.
read more... 23/09/2020
Austria fails in attempt to block Hinkley Point C
The European Court of Justice has rejected Austria's appeal against the European Commission's 2014 decision to approve the UK's support for the Hinkley Point C nuclear power plant, which is under construction in Somerset, England. The Court of Justice, the supreme court of the European Union in matters of European Union law, agreed with the Commission that the project is in line with EU state aid rules.
read more... 23/09/2020
Climate change: China aims for 'carbon neutrality by 2060'
China will aim to hit peak emissions before 2030 and for carbon neutrality by 2060, President Xi Jinping has announced.
read more... 23/09/2020