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Daily: European power prices ease on less demand, reasonable output
Brent oil crude futures dropped on Monday after last week’s weaker data continued to have impact over a market weakened following public holidays in the United States and Britain.
read more... 28/05/2013
Cost factors dominate EU energy policy debate
Financial crisis has made the cost of energy the political focus in the European Union at the expense of goals to shift to a low-carbon economy. An EU summit on taxation and on energy on May 22 is expected to debate how to limit the negative impact of energy costs on EU competitiveness. Apart from seeking supplies that are competitive, the other watchwords for EU energy policy are sustainable and secure. Below are the main planks of the debate in Brussels.
read more... 28/05/2013
China to set a cap on its CO2 emissions by 2016
The world's biggest producer of carbon dioxide intends to set a cap on its greenhouse gas emissions for the first time. China is planning an absolute emissions cap for the period 2016-2020, and is also looking at emissions targets for 2030 and 2050.
read more... 27/05/2013
IEA warns Germany on costly clean energy transition
The International Energy Agency’s (IEA) executive director, Maria van der Hoeven recommended the Chancellor Angela Merkel’s government to curb electricity retail prices in Germany, otherwise the country’s shift to green power may be jeopardized.
read more... 27/05/2013
UK was 6 six hours distance from finishing its gas supplies in March
At the end of March this year the reserves of natural gas detained in storage were at one of their lowest level, due to an unusually cold winter and intensified problems at a processing plant in Norway with flows of gas supplies to Britain via the Langeled pipeline which fell significantly, along with other supplies from Belgium, being just six hours away from finishing its gas supplies.
read more... 27/05/2013