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Daily (11.06.2021): British gas prices continued to rise amid a short system and carbon optimism
Oil prices rallied on Thursday after OPEC released an upbeat monthly report, showing that the recovery in global economic growth and oil demand is expected to accelerate in the second half of the year. In this context, Brent crude edged 0.4% higher at $72.52 a barrel, while the American WTI crude closed 0.5% up at $70.29 a barrel, or their highest levels since 2019 and October 2018 respectively.
read more... 11/06/2021
Daily (10.06.2021): Carbon EUAs gained around 2.5% on Wednesday, lifted by strong auction results and bullish energy prices
Crude oil price growth was counterbalanced on Wednesday by a strong increase in US gasoline reserves and pessimistic views over demand. Consequently, Brent oil stagnated at $72.22 a barrel, while WTI crude edged 0.1% lower at $69.96 a barrel.
read more... 10/06/2021
EU carbon border mechanism to require surrender of certificates
A proposed EU Carbon Border Adjustment Mechanism will require companies importing carbon-intensive goods into Europe to surrender certificates based on their carbon content, according to a leaked draft legislative proposal seen by S&P Global Platts.
read more... 07/06/2021
Cerulean Winds plans floating wind turbine project in UK North Sea
Low-carbon infrastructure developer Cerulean Winds said on Tuesday it has submitted plans to develop a floating wind turbine project in the British North Sea.
read more... 01/06/2021
Negative emissions ‘needed for post-2050 targets’
Negative greenhouse gas (GHG) emissions technologies will be needed not just to reach carbon neutrality by or around 2050, but also for setting targets beyond 2050, a German think-tank says.
read more... 28/05/2021