Latest news
Polish solar output reaches record high
Solar power generation surpassed 3.4GW over 13:00-14:00 local time today, according to preliminary figures published by grid operator PSE, up from the previous record of 3.3GW yesterday. Wind power generation rose to around 7GW at 13:00-14:00 today, accounting for about one-third of Polish demand, PSE data show.
read more... 12/05/2021
ETS price floor needed for German coal exit
The price floor would also provide "planning security" for investing in low-carbon capacities to replace the coal-fired capacities, Climate Neutrality Foundation managing director Rainer Baake said today at the presentation of the study, which was prepared by research institute Oeko-Institut.
read more... 12/05/2021
Daily (11.05.2021): Front-year European electricity prices rocketed at multi-year highs on Monday as carbon broke the 52 EUR/t mark
Oil markets lacked a clear direction on Monday, with the Brent and WTI crude climbing marginally at $68.32 a barrel and $64.92 a barrel despite a cyber-attack forcing the shutdown of major fuel pipelines in the United States. However, hopes of an upcoming general global demand recovery provided some upside pressure.
read more... 11/05/2021
Dutch govt grants $2.4 billion in subsidies to huge carbon storage project
The Dutch government has granted a consortium that includes oil majors Royal Dutch Shell and ExxonMobil around 2 billion euros ($2.4 billion) in subsidies for what is set to become one of the largest carbon capture and storage (CCS) projects in the world, the Port of Rotterdam said on Sunday.
read more... 11/05/2021
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Environmental group sues for Nord Stream 2 cancellation
German environmental group Deutsche Umwelthilfe (DUH) has amended a lawsuit filed last year against Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 project to seek a permanent construction freeze that would cancel the project.
read more... 11/05/2021