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Electricity, heat and lithium: geothermal offers new hope for old mining county
A project in Cornwall, England, is building on the county’s history of tin mining, looking to restore jobs and boost the local economy by developing a new geothermal plant that will produce electricity, heat and, hopefully, lithium.
read more... 21/12/2020
Energy utilities prepare to deliver new 2030 climate target
After marathon eight-hour negotiations that went until the early hours of the morning, on 10 December, EU prime ministers and presidents agreed to a European Commission proposal to raise the union’s 2030 target for reducing emissions to 55% from 40% below 1990 levels.
read more... 21/12/2020
Australia forecasts drop in coal output under pressure from Chinese curbs
China is the second-biggest buyer of Australia's thermal coal burned in power plants and metallurgical coal used to make steel
read more... 21/12/2020
Daily (18.12.2020): EUAs at around 32€ highs on Thursday due to tighter EU climate targets and short-auction supply
Crude oil prices continued their upward trend on Thursday, spurred by a larger-than-expected U.S. crude stockpile draw and by optimism about a coronavirus relief package in the United States and record-breaking refining demand in China and India. Hence, Brent crude rose by 42 cents, or 0.8%, to end at $51.50 a barrel. Meanwhile, WTI crude settled 54 cents, or 1.1%, higher at $48.36 per barrel. Both contracts closed again at nine-month highs.
read more... 18/12/2020
New strategy requires UK oil and gas sector to support net-zero target
A revised Strategy from the UK’s petroleum regulator Oil & Gas Authority (OGA), featuring a range of new net-zero obligations for the UK oil and gas industry, was submitted for laying before the UK Parliament on Wednesday, 16 December 2020.
read more... 18/12/2020