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EU countries seek to break impasse on electricity market reform
EU countries are looking to break the impasse on plans to reform Europe’s electricity market following an almost four-month deadlock, with the aim to approve their negotiating position on 17 October.
read more... 06/10/2023
EU carbon price to hit €400 mark with 90% climate goal
The European Union’s new climate commissioner, Wopke Hoekstra, made written commitments on Wednesday (4 October) to defend a 90% cut in net greenhouse gas emissions by 2040, a move that financial analysts say will send EU carbon prices above the €400 mark.
read more... 06/10/2023
Daily (05.10.2023): Oil prices plummeted by about 6% on Wednesday, weighed down by US inventory levels and fears of a slowdown in global demand
Oil prices plummeted by 5.6% on Wednesday, weighed down by US inventory levels and fears of a slowdown in global demand. Consequently, Brent crude stood at $85.81 a barrel, while WTI crude ended at $85.81 a barrel.
read more... 05/10/2023
Europe could become energy self-sufficient in $2 trillion push
Europe could wean itself off fossil fuels and create a self-sustainable energy sector by spending around 2 trillion euros ($2.1 trillion) on solar, wind and other regenerative sources by 2040, according to a new study.
read more... 05/10/2023
Germany approves bringing coal-fired power plants back online this winter
Germany's cabinet on Wednesday approved putting on-reserve lignite-fired power plants back online from October until the end of March 2024, the economy ministry said, as a step to replace scarce natural gas this winter and avoid shortages.
read more... 05/10/2023