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Germany To Replace Nuclear With Natural Gas Plants for $16B
Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age. The controversial decision came at a time when Europe and the German public was beginning to warm up to nuclear energy in the wake of the continent's energy crisis following Russia’s invasion of Ukraine.
read more... 12/02/2024
Daily (07.02.2024): European carbon prices posted sharp gains on Tuesday amid strong auction results
Oil prices posted modest gains on Tuesday following a volatile session, mainly driven by geopolitical risks in the Middle East. As a result, both contracts gained about 1%, with Brent crude standing at $78.59 and WTI crude settling at $73.31 per barrel.
read more... 07/02/2024
Germany outlines $17 bln plan to subsidise gas-to-hydrogen shift
Germany's government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.
read more... 06/02/2024
Wind generation lower on the year in January
Wind output accounted for 25pc of the Spanish generation mix and fell on the year in January 2024. Peninsular electricity demand rose slightly from January 2023.
read more... 05/02/2024
Daily (30.01.2024): European carbon prices plummeted to 22-month low on Monday amid speculative selling and sluggish demand
On Monday, oil prices fell on Monday as concerns about heightened tensions in the Middle East were balanced out by the liquidation of China's major real estate developer, perceived as a discouraging indication for demand. As a result, Brent crude settled 1.4% lower at $82.40, while WTI crude dropped by about 1.6% to stand at $76.78 per barrel.
read more... 30/01/2024