Latest news
UK has become sunnier than ever
A new study from Carbon Brief reports that the UK has produced more energy from solar panels than from coal-fired power plants in the past six months. The country has generated 6,964 GWh of electricity from solar cells, while electricity generated from coal attained at 6,342 GWh, with solar registering a 10% increase. According to a new analysis, solar panels produced 5.2 per cent of the UK’s electricity demand in the period from April to September, while coal accounted for merely 4.7 per cent of the electricity generated.
read more... 07/10/2016
Turkey more than quadruples thermal coal import tax for several nations
The Turkish government has more than quadrupled a tax to $70 a tonne on thermal coal imports employed in electricity generation from Colombia, Russia, South Africa and other significant coal producers, in a bid to back domestic coal production.
read more... 05/10/2016
Daily: European forward power prices tumble on weaker oil, coal, carbon prices
Crude oil prices evolved differently on Friday, with WTI for November delivery gaining 41 cents to settle at $ 48.24 per barrel, two days after OPEC countries reached a consensus to limit oil production. However, North Sea Brent lost 18 cents to settle at $49.06 per barrel on the Intercontinental Exchange.
read more... 03/10/2016
Dutch parliament has decided to close all its coal-fired power plants
The Dutch parliament has decided yesterday to cut by 55% the country’s CO2 emissions by 2030. This would mean that the Netherlands would have to close all its coal- fired power plants. The decision taken by the Parliament would bring the Netherlands undoubtedly in line with the Paris Climate Change pact, which has a long-term goal of cutting CO2 levels by 80-95 per cent by 2050.
read more... 29/09/2016
Daily: European forward power prices at highest level in 10 weeks, spurred by firmer coal, spot power
Crude oil prices ended up 3 percent on Monday on renewed hopes that top crude exporters might make progress on a deal to limit production. The world’s major producers met in Algeria to discuss ways to prop up prices. Brent crude futures rose by $1.46, or 3.2 percent, to settle at $47.35 a barrel after fluctuating between $45.74 and $47.66. U.S. West Texas Intermediate (WTI) crude futures advanced $1.45, or 3.3 percent, to settle at $45.93 after a session high of $46.20 and low of $44.43.
read more... 27/09/2016