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Daily (15.08.2023): European carbon prices reached a two-week high on Monday amid forecasts of a heatwave and dropping renewables generation
Oil prices saw a decline on Monday due to economic concerns surrounding China, the biggest consumer of crude oil. The focus shifted to China's struggles in achieving post-pandemic economic recovery, outweighing the impact of the tightening global oil supply. As a result, Brent crude fell by 0.7% to $86.21 a barrel, while WTI crude dropped by 0.8% to settle at $82.51 a barrel.
read more... 15/08/2023
US awards $1.2 billion to Oxy, Climeworks-led carbon air capture hubs
The U.S. Department of Energy on Friday announced that projects in Texas and Louisiana to remove more than 2 million metric tons of carbon emissions per year will get over $1 billion in federal grants, a key step in scaling up direct air capture (DAC) technology.
read more... 14/08/2023
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EU will need gas without speedier green transition
Europe will need to rely on natural gas for at least another decade or more without a speedier transition to low-carbon energy technologies, experts told Montel.
read more... 04/08/2023
Daily (02.08.2023): European carbon prices hit a seven-week low on Tuesday amid heavy selling
Oil prices retreated on Tuesday, affected by a further acceleration in the dollar and a disappointing Chinese indicator: China’s industrial activity contracted in July to its lowest level for six months, while economists were expecting a slight expansion. Thus, WTI crude ended 0.5% lower at $81.37 a barrel, while Brent crude fell by 0.8% to settle at $84.91 a barrel.
read more... 02/08/2023
EU to squeeze carbon market cap in 2024 as new climate policies kick in
The European Union will shrink the supply added to its carbon market next year, as it presses ahead with reforms to strengthen Europe's main policy for curbing greenhouse gas emissions, the European Commission said on Friday.
read more... 31/07/2023