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Top court gives French government nine months to act on climate change
France's highest administrative council on Thursday told the government to act now against climate change to ensure it meets comments on reducing greenhouse gas emissions, or else it could face potential fines.
read more... 02/07/2021
Germany to have 1 million electric cars on the road in July
Germany will in July have 1 million electric cars on the road, hitting its target six months late, Economy Minister Peter Altmaier told Tagesspiegel daily on Friday, saying subsidy programmes had boosted demand.
read more... 02/07/2021
EBRD stops investing in upstream oil and gas to align with Paris goals
The European Bank for Reconstruction and Development (EBRD) will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the end of 2022, it said on Thursday.
read more... 02/07/2021
Daily (01.07.2021): EUAs hovered near all-time highs on Wednesday on optimism about European reforms and higher gas prices
Oil prices rebounded on Wednesday as U.S. crude stockpiles fell last week for the sixth straight week. In addition, an OPEC report foresaw an undersupplied market this year, boosting crude demand. As a result, Brent crude edged 0.5% higher to end at $75.13 a barrel. The American WTI increased by 0.7% to settle at 73.47 a barrel.
read more... 01/07/2021
The EU’s carbon market reform proposal
A draft of the EU’s revised Emissions Trading Scheme confirms the European Commission’s intention to tighten the cap placed on CO2 emissions from industry and extend carbon trading to cover shipping emissions as well as road transport and heating fuels.
read more... 01/07/2021