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Daily (09.03.2022): European carbon prices rebounded by over 17% on Tuesday as investors priced in a more emissions-intensive future
Oil prices extended gains on Tuesday, with Brent crude approaching $130 a barrel after the US said it would ban imports of Russian oil and gas – a move matched by a UK phase-out of Russian oil imports. Hence, Brent crude soared by 3.9% to settle at $127.98 a barrel. US WTI crude increased by 3.6% to end at $123.70 a barrel.
read more... 09/03/2022
Energy sector methane emissions 70% higher than official figures
Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, the International Energy Agency (IEA) said on Wednesday, with the coal sector identified as the biggest single source.
read more... 23/02/2022
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New Polish gas plants will cost taxpayers billions, derail green transition
Poland’s plans to build five new gas power plants will cost more than investments into renewables and undermine efforts to reach net zero emissions, according to financial think tank Carbon Tracker.
read more... 11/02/2022
European Union to toughen emissions test for hybrid cars
The European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in hybrid cars, two sources familiar with the matter said, after criticism that current tests yield results up to four times below real-world emissions.
read more... 07/02/2022
EU carbon market blurred by volatile prices and speculation, Greens warn
The EU needs to tackle design flaws and speculation on its carbon market to ensure the price of emissions remains high and becomes a more effective tool to drive decarbonisation, according to a report by the Greens in the European Parliament.
read more... 04/02/2022