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Daily (02.02.2024): European carbon prices plunged by 3% on Thursday, weighed by sluggish demand and ample supply
On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.
read more... 02/02/2024
Italy plans car-sales incentives worth $1.1B in 2024
Italy will provide subsidies worth almost 1 billion euros ($1.1 billion) this year to support car purchases and the transition to less polluting vehicles, an industry ministry official said on Thursday.
read more... 02/02/2024
Germany needs to speed up offshore wind capacity expansion to hit targets
Germany raised installed offshore power wind capacity by 257 megawatts (MW) in 2023 to reach 8,465 MW but needs to step up the pace to meet a target of 30,000 MW by the end of 2030, industry groups said on Tuesday.
read more... 31/01/2024
Heat pump chiefs urge EU action
Sixty one leaders in the heat pump industry are expressing concern that a delay in the EU Heat Pump Action Plan poses a significant threat to a net zero European industry.
read more... 31/01/2024
EU extends bans on Russian crude oil, coal
The EU has extended its bans on Russian coal and seaborne crude oil imports by six months until 31 July as Russia’s war on Ukraine continues, it said on Monday.
read more... 30/01/2024