Latest news
Offshore wind ‘could provide half of UK’s power demand’
Offshore wind could provide a cost-effective and low carbon route to providing at least half of the UK’s future electricity demand.
read more... 04/02/2019
Daily (01.02.2019): EU carbon prices plunged by 3.4% on Thursday, amid weaker power prices and ahead of the German auction restart
Oil spot prices were mixed on Thursday. WTI crude declined by 0.8% to settle at 53.79 USD/bbl, on continued concerns over a sluggish global economic growth. Meanwhile, Brent crude rose by 0.4% to close at 61.65 USD/bbl, following data showing a drop in Saudi Arabia’s crude supply to the United States and the recently imposed U.S. sanctions on Venezuelan exports.
read more... 01/02/2019
Europe’s power sector ‘can be decarbonised by 2045’
That’s the prediction made in a new report published by EY, which says this would require substantial investment, smart grid innovation and the improvement of electricity distribution networks.
read more... 30/01/2019
Daily (23.01.2019): European carbon prices up by nearly 3% on Tuesday to hit 3-week peaks
A downward trend was noticed in the oil markets on Tuesday, as persistent worries over Chinas’ economic slowdown and its potential negative impact on oil demand weighed on prices. IMF’s warning about increased risk of slowing global growth in the context of U.S.-China trade dispute put more pressure on prices. Consequently, Brent crude lost nearly 2% to settle at $61.50 a barrel. At the same time, WTI futures declined by 2.1% to $53.01 a barrel.
read more... 23/01/2019
Daily (21.01.2019): European carbon prices up by 5% on Brexit hopes and cold weather
Oil prices rose on Friday as China presented a plan aimed at increasing purchases of U.S. goods in order to reduce the trade surplus with the U.S. to zero by 2024. The recent OPEC’s report showing weaker oil output also lent support to prices. However, the continuous trade disputes between the two major economies boosted fears over slower global economic growth and lower demand for fuel. Brent crude traded 2.5% higher at $62.70 a barrel, while WTI futures surged by 3.3% to $53.80 a barrel.
read more... 21/01/2019