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Daily: Crude oil prices up on higher share prices on Wall Street, weaker dollar
Brent and U.S. crude oil futures increased on Thursday in choppy trading during the last session of the first quarter, backed by increasing share prices on Wall Street and the weaker dollar which encouraged dollar-denominated oil prices.
read more... 29/03/2013
EU proposes a 40% reduction in greenhouse gas emissions by 2030
The European Union unveiled yesterday a new package of carbon and renewable energy targets for 2030 that could see the bloc imposing a 40% carbon reduction target.
read more... 29/03/2013
Ireland reached new record level of wind output
According to the Irish Wind Energy Association, Ireland has currently reached a record level of wind power output of about 1,540 MW, corresponding to about 36% of the demand, which should be enough to power with electricity about 1 million households. The record was achieved at the same time as a new all-island record was also set for energy generation, with levels reaching 1,917MW on the island of Ireland, which should be enough to power more than 1,246,000 homes. The statistics also show that the average wind contribution on this day was almost 40% of system require.
read more... 29/03/2013
ENEL looking for a stake in TAP
Italy's biggest power utility Enel is in talks to obtain a 20% stake in the Trans-Adriatic Pipeline (TAP), project that aims to pump Azeri gas to Europe. Enel, necessitates more gas to fire part of its power generation fleet and to sell to consumers. Enel is developing a LNG terminal on the island of Sicily and has a stake in the GALSI project, which aims to transport Algerian gas into Italy
read more... 28/03/2013
Britain’s nuclear future
Britain spelled out its aims for nuclear power, committing funds to a sector it expects to create 40,000 jobs while lowering the country's carbon emissions and its reliance on costly energy imports.
read more... 28/03/2013