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Europe's clean power sources on a record roll in early 2024
A record 60% of Europe's electricity was powered by clean energy sources in the opening two months of 2024, driven by strong year-on-year growth in hydro, solar and wind generation and a rebound in nuclear power production.
read more... 27/03/2024
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Major nuclear projects will have to wait longer for delayed EIB financing
The European Investment Bank (EIB) dealt a major blow to the nuclear industry at last week’s International Nuclear Energy Summit in Brussels, when it dithered over the industry’s request for more funding for nuclear projects, but confirmed that investment in renewable energy will remain a priority until 2030.
read more... 26/03/2024
An EU Carbon Tax Will Upend The Global LNG Market
The global LNG market could face a sea change in prices and trade flows later this decade if the European Union includes LNG in its carbon border tax.
read more... 25/03/2024
Daily (22.03.2024): European carbon prices fell to their lowest level in a week amid fading buying interest and bearish gas prices
Oil prices edged lower on Thursday, weighed by a stronger dollar and increased optimism of a ceasefire between Israel and Hamas. Despite the relatively subdued stance conveyed by the US Federal Reserve (Fed) on Wednesday, indicating potential future reductions in interest rates, Brent crude oil stood at $85.78 a barrel, while WTI crude settled slightly above $81 a barrel.
read more... 22/03/2024
Commission presents parliament with Energy Charter Treaty exit plan
The European Commission’s plan to withdraw the bloc from the Energy Charter Treaty while allowing member states the right to remain if they choose was presented to Parliament on Thursday (21 March).
read more... 22/03/2024