Germany to choose between a coal levy and gradual phase out of coal power plants on July 1

25/06/2015 10:51 Coal


Germany is considering two alternative proposals on how to curb CO2 emissions from the energy sector and would make a final decision on July 1, Economy Minister Sigmar Gabriel said on Wednesday.

The economy ministry will now decide between its original proposal - to charge a penalty on the oldest and most polluting coal power plants -and a suggestion from trade union IG BCE to progressively phasing out coal power stations. The move came after the minister has faced a backlash from industry, which warned that the levy would result in the closure of mines and power plants, putting up to 100,000 jobs at risk. The so-called “climate levy” is aimed to help Germany reaching its goal of reducing CO2 emissions by 40% by 2020, including 22 million tonnes in emissions from the power sector. Berlin’s attempt to meet its ambitious targets to combat climate change illustrates its major challenge. Despite a shift towards renewable energy, Germany still generates 44 per cent of its electricity from coal.

Britain to invest 90 million stg to cut emissions from homes, industry

19/02/2020 09:15:00

Britain will invest 90 million pounds ($117 million) on measures to cut carbon dioxide emissions from homes and industry, including two hydrogen plants, the government said on Tuesday.


Daily (19.02.2020): NBP spot soared by 2.8% on Tuesday due to weak LNG supply

19/02/2020 09:22:00

Oil prices were almost unchanged on Tuesday in a market still concerned about the coronavirus epidemic and its economic consequences. Brent crude for April delivery rose by 8 cents, or 0.14%, to end at $57.75 per barrel. On the other side, WTI crude slipped by 0.5% to settle at $52.05 per barrel.


Green light to Lundin for Barents Sea wildcat

19/02/2020 09:17:00

The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for a well in the Barents Sea offshore Norway.