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Hungary’s renewable support scheme gains EU favour
The European Commission has approved Hungary’s green energy support scheme, which has a budget of €146 million and will give assistance to renewable energy projects.
read more... 13/07/2017
Daily (10.07.2017): EU carbon prices hit a new 4-month high on Friday
Oil prices ended sharply lower on Friday, toward their lowest finish in nearly two weeks, as a number of active U.S. oil rigs climbed higher, according to data from Baker Hughes released Friday. in U.S. That was combined with the weekly rise in total U.S. crude production reported by U.S. Energy Department Administration on Thursday. Brent crude fell by almost 3% to end at $46.71 a barrel, while the WTI price decreased by 2.83% to $44.23 a barrel.
read more... 10/07/2017
EIB grants Welsh Water £250 million for green energy
Welsh Water obtained a £250 million loan from the European Investment Bank for renewable energy. The loan is expected to help raise the percentage of power generated from green sources such as wind, sun, water and anaerobic digestion (AD) from 20% to 30% by next year.
read more... 10/07/2017
France to end sales of fossil fuel cars by 2040
At a presentation regarding the Paris climate agreement, Ecology Minister Nicolas Hulot said that France aims to terminate sales of cars fueled by gasoline and diesel by 2040, and become carbon neutral 10 years after that.
read more... 10/07/2017
EEA says EU countries have poor strategies for change to low-carbon economy
The European Environment Agency (EEA) declared in a new study that most of the European Union countries fail to provide clear investments strategies for shifting to a low-carbon economy.
read more... 07/07/2017