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Daily (16.01.2024): European carbon prices rebounded by 2% on Monday following a successful first auction of the year
Oil prices remained rather steady to bearish on Monday as the geopolitical risk premium eased amid the absence of tangible supply disruptions in the Middle East, with the market focusing on signs of weaker demand. Consequently, Brent and WTI crude edged lower to settle at $78.15 and $72.45 per barrel respectively.
read more... 16/01/2024
France’s ‘last mile’ strategy for renewables under fire from all sides
France’s draft ‘energy sovereignty’ law, recently unveiled by the government, has caused quite a stir for its apparent dismissal of renewable energies, placed at the bottom of the list of low-carbon energies, behind nuclear.
read more... 15/01/2024
EU to Bet Big on Carbon Removals to Meet Net-Zero Goal
The European Union must raise significantly emissions capture and removals to meet its target to become a carbon-neutral bloc by 2050, the European Commission said in a draft document seen by Bloomberg News.
read more... 15/01/2024
Daily (12.01.2024): Carbon prices plunged to a three-week low on Thursday amid profit taking and bearish gas prices
Oil prices rose slightly on Thursday as tensions in the Red Sea outweighed rising stocks in the US. Consequently, Brent crude closed at $77.41, while WTI crude settled at $72.02 per barrel, both contracts rising by about 1%.
read more... 12/01/2024
Brussels clears French ‘green’ state aid worth over €8 billion in just one month
According to EU figures released this week, the European Commission has approved more than €8 billion in French state aid to decarbonise industry and develop renewable energies in just one month.
read more... 12/01/2024