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Daily (23.03.2020): Carbon prices dropped by over 26% on a weekly basis on Friday, due to increased coronavirus concerns
Crude oil futures extended losses on Friday, being on track for their biggest weekly decline in 12 years, on worries about the coronavirus pandemics that slowed down global economies and curbed oil demand. The failure of coordinated output cuts by producers from the OPEC and others including Russia, also put pressure on prices. Hence, Brent crude plunged by 5.2%, to settle at $26.98 a barrel. At the same time, WTI futures tumbled by 10.3% to $22.63 a barrel.
read more... 23/03/2020
Daily (19.03.2019):Crude oil prices at 18-year lows and carbon prices down at 15 euros per tonne on continued coronavirus concerns
Crude oil prices hit 18-year lows on Wednesday, as governments force local lockdowns in response to the coronavirus outbreak, affecting global oil and fuel demand. Brent crudeplunged by 13.4% to $24.88 a barrel. WTI futures traded 24.4% down at $20.37 a barrel.
read more... 19/03/2020
CO2 breaches EUR 19 per tonne to hit 15-month low
European carbon prices tumbled below EUR 19/t on Tuesday – hitting a 15-month low – after the EEX cancelled its daily auction of EUAs amid a lack of bids.
read more... 18/03/2020
Nearly $640 bln coal investments undercut by cheap renewables - research
Nearly $640 billion of investment in coal power capacity worldwide is at risk because it is cheaper to generate electricity from new renewables, research by think tank Carbon Tracker Initiative showed on Thursday.
read more... 13/03/2020
Bosnian region to add 1,000 MW of renewables to trim carbon footprint
Bosnia’s autonomous Serb Republic aims to add 1,000 megawatts (MW) of renewable energy sources by 2029 at a cost of 11.5 billion Bosnian marka ($6.7 billion) to smooth its transition from coal, its energy minister said.
read more... 09/03/2020