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Germany finalises details of planned gas price cap
Germany's expert gas commission on Monday presented proposals to the government for a gas price cap in Europe's biggest economy to help citizens cope with soaring energy prices and encourage companies to remain in the country and preserve jobs.
read more... 01/11/2022
Daily (31.10.2022): European carbon prices posted the largest weekly gain in five years on Friday
Oil prices decreased on Friday as result of China expanding its COVID-19 restrictions. Thus, Brent crude settled 1.2% lower at $95.77 a barrel. At the same time, WTI crude fell by 1.3% to $87.90.
read more... 31/10/2022
Germany’s North-South renewables divide is intensifying
Germany, a world leader in renewable energy, is heavily divided between the North, where most wind power is installed, and the South, which leads in solar photovoltaic (PV) installations.
read more... 31/10/2022
Poland picks U.S. offer for its first nuclear power plant
U.S. firm Westinghouse Electric Co will build Poland's first nuclear power plant, Prime Minister Mateusz Morawiecki said on Friday, confirming a long-awaited decision aiming to reduce the country's carbon emissions and phase out coal.
read more... 31/10/2022
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Germany set to attach conditions to gas price 'brake'
The German government is likely to insist companies that benefit from a planned "brake" on gas prices meet conditions, such as staying in the country or preserving 90% of the jobs they provide for a year, sources familiar with matter told Reuters.
read more... 31/10/2022