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Swiss government rejects post-2050 fossil fuel ban
The government suggested toning down the demands made in an environmentalists' petition for referendum, the so-called glacier initiative. The initiative calls for a ban on marketing fossil fuels in the country after 2050 to be enshrined in Switzerland's constitution, and for carbon storage counting towards Switzerland's climate target to be restricted to its domestic territory.
read more... 13/08/2021
Daily (12.08.2021): European carbon prices closed near record high levels on Wednesday, lifted by bullish energy markets
Oil prices strengthened on Wednesday, on investor hopes for more demand recovery, as well as optimism over global economic recovery. As a result, Brent oil rose by 1.2% to $71.44 a barrel and WTI crude gained 1.4% to settle at $69.25 a barrel.
read more... 12/08/2021
Blue hydrogen 20% worse for GHG emissions than natural gas in heating
Burning low-carbon hydrogen for heating is significantly worse for the environment than using natural gas or diesel, a scientific study published Aug. 12 has found.
read more... 12/08/2021
UK must double hydrogen output to reach net zero carbon target
Boris Johnson must act with the dual goal of “more urgency” to produce so-called low-carbon hydrogen by 2030 in order for the UK to reach its net zero emissions target. Warns the industry group.
read more... 09/08/2021
Daily (05.08.2021): Carbon EUAs gained 2.3% on Wednesday, lifted by bullish auction results
Oil prices fell on Wednesday, weighed by concerns over demand as crude reserves rose unexpectedly in the US. Consequently, Brent oil price dropped by 2.8% to $70.38 a barrel and WTI crude plunged by 3.4% to $68.15 a barrel.
read more... 05/08/2021