Latest news
Daily (07.05.2024): Carbon prices rose by 2% on Monday amid weaker auctions supply
Oil prices saw a modest increase after a series of geopolitical developments. Hamas accepted a ceasefire proposal mediated by Qatar and Egypt, but Israel rejected it, citing unmet core demands. Concurrently, Saudi Arabia announced an increase in its official selling prices for June, affecting most regions. As a result, Brent crude rose by 0.5% to $83.33 a barrel, and WTI crude also increased by 0.5% to $78.48 a barrel.
read more... 07/05/2024
.jpg)
Global solar PV manufacturing capacity meets decade’s net zero targets
Global manufacturing capacity for solar PV is already aligned with the targets set for this decade on a net zero pathway, with battery capacity not far behind, according to a new report by the International Energy Agency (IEA).
read more... 07/05/2024
.jpg)
UK tribunal gives go ahead for lawsuit against Europe power cable-makers
ALondon tribunal has given the green light for a £790m lawsuit against European power cable suppliers to proceed to trial, with allegations of a cartel inflating UK electricity costs, Reuters has reported.
read more... 07/05/2024
Daily (06.05.2024): Crude oil prices fell on Friday amid weak US employment figures
Oil prices declined on Friday amid fears of weakening US demand following weaker-than-expected employment figures. Hence, Brent crude declined by about 1%, reaching $82.96 per barrel, and WTI crude similarly dropped by 1%, to settle at $78.11 per barrel.
read more... 06/05/2024
France aims for 45 GW by 2050 with 50% European production
On a visit to Saint-Nazaire on Thursday (May 2), Economy Minister Bruno Le Maire outlined the government’s strategy for deploying 45 GW of offshore wind power by 2050, with half of this capacity made in Europe.
read more... 06/05/2024