The European Union will increase diplomatic efforts to help countries outside the bloc to launch carbon markets in the hope of fostering international trade of CO2 emissions, the bloc's climate policy chief said on Tuesday.
read more... 14/02/2024
Oil prices rose by about 1% on Friday, stimulated by concerns over Middle East conflict as well as strong tensions on refined products. Consequently, Brent crude settled at $82.19 a barrel, while WTI crude stood at $76.84 a barrel.
read more... 12/02/2024
Oil prices posted modest gains on Tuesday following a volatile session, mainly driven by geopolitical risks in the Middle East. As a result, both contracts gained about 1%, with Brent crude standing at $78.59 and WTI crude settling at $73.31 per barrel.
read more... 07/02/2024
Wind power production outpaced gas plants in Europe for the first time last year as fossil fuel electricity generation plummeted, cutting the region's carbon emissions, data from think-tank Ember showed.
read more... 07/02/2024
Germany's government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.
read more... 06/02/2024