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Daily (23.09.2020): European carbon prices surged by over 5% on Tuesday amid compliance buying and speculative short-covering
Crude oil prices recovered slightly from the steepest one-day loss in almost two weeks following the equities’ advance and amid expectations for a second decrease on U.S. crude supplies. However, surging COVID-19 cases put a lid on gains. Hence, Brent crude for November delivery rose by 28 cents, or 0.7%, to end the session at $41.72 a barrel. Meanwhile, U.S. WTI crude increased by 1% to settle at $39.70 a barrel.
read more... 23/09/2020
Climate change: China aims for 'carbon neutrality by 2060'
China will aim to hit peak emissions before 2030 and for carbon neutrality by 2060, President Xi Jinping has announced.
read more... 23/09/2020
Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling
Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.
read more... 18/09/2020
European geothermal sector joins call for carbon price on heating and cooling
The European Geothermal Energy Council is advocating for a carbon price to be put on heating and cooling in the European Union. Only with a fair price for all forms of energy and the real cost attached will it be able to reach the ambitions carbon neutral goal by 2050.
read more... 17/09/2020
Investors call on EU to boost carbon-emission reduction goals
An investor group with a combined €33 trillion ($39.1 trillion) in assets has called on the European Union to set 2030 carbon-emission reduction goals at 55%, in an effort to support low-carbon economy investments.
read more... 16/09/2020