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Germany raises record EUR 13bn through carbon pricing
Germany raised a record EUR 13.2bn last year through emissions sales on both Europe’s carbon market and the country’s domestic scheme for heating and transport, the Federal Environment Agency (UBA) said on Tuesday.
read more... 05/01/2023
Daily (21.12.2022): Carbon prices surpassed the 90 EUR/tonne threshold on Tuesday amid steady buying in thin trade
Crude oil prices increased modestly on Tuesday, spurred by a softer dollar and a U.S. plan to restock petroleum reserves. However, gains were capped by uncertainty over the impact of rising COVID-19 cases China. Brent crude added 0.2%, to settle at $79.99 per barrel. Meanwhile, U.S. WTI crude rose by 1.4% to $76.23 per barrel.
read more... 21/12/2022
EU strikes deal to boost carbon market, Europe's biggest climate policy
European Union negotiators reached a political deal on Sunday to overhaul the bloc's carbon market, cutting planet-heating emissions faster and imposing new CO2 costs on fuels used in road transport and buildings from 2027.
read more... 19/12/2022
German pipeline firms say they will 'make hydrogen happen' in 2025
Germany's Gascade, Ontras and terranets have agreed to convert high-pressure gas pipelines to transport low-carbon hydrogen from the Baltic Sea all the way the south of the country by 2025, the companies said on Thursday.
read more... 19/12/2022
Daily (15.12.2022): European carbon prices extended losses on Wednesday amid expiring contracts
Crude oil prices rebounded on Wednesday following forecasts from OPEC and the International Energy Agency (IEA) of a rebound in demand over the next year, and as US interest rate hikes are expected to ease further alongside slowing inflation. Brent crude increased by $2.02, or 2.4%, to $82.70 per barrel, while U.S. WTI crude rose by $1.94 to $77.28 a barrel.
read more... 15/12/2022