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Italy’s high gas reliance stalls renewables growth
As the EU’s largest producer of gas-fired power generation, Italy’s gas usage in its power generation mix is about 50%, nearly three times the EU average, the think tank said in a report.
read more... 30/04/2024
Final Zaporizhzhia unit being switched to cold shutdown
International Atomic Energy Agency staff at the Zaporizhzhia nuclear power plant report that they have been told unit 4 is being transferred to cold shutdown - making it the sixth and last unit to do so.
read more... 15/04/2024
Daily (12.04.2024): Carbon prices surpassed the 65 EUR/tonne mark on Friday
On Thursday, oil prices retreated amid reports of rising US weekly inventories and higher US inflation. Brent crude dropped by 1% to $89.74 a barrel, while WTI crude experienced a similar 1% decrease to $85.02 a barrel.
read more... 12/04/2024
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Europe’s industrialists want deep reform of power market to tackle €800b grid spending gap
The European Union is facing a grid investment gap of €800 billion until 2030, finds a report commissioned by industry lobby group ERT, who call for another power market revamp to help address the issue.
read more... 09/04/2024
Global natural gas investments to reach almost $9 trillion by 2050
The Gas Exporting Countries Forum's (2050) forecast report projects that global natural gas investments will total almost $9 trillion by 2050, with $8.2 trillion directed toward the upstream sector and $0.74 trillion for the midstream sector.
read more... 22/03/2024