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Berlin and Brussels close to agreement on green energy rebates
A broad agreement has been reached between the European Commission and German government over the country’s contested rebates to industry from green energy surtaxes, as stated on Monday by sources from German industry and government.
read more... 18/03/2014
The EU Parliament votes in favor to boost emission-permit prices
After months of debates the European Parliament has finally voted in favor of revamping its carbon-trading program, approving a plan intended to restore financial incentives for shifting away from fossil fuels and towards renewable energy.
read more... 04/07/2013
France keeps hydraulic fracking ban despite business lobbies
France remains committed to its moratorium on shale gas exploration using fracking, according to a declaration made by French Minister of Ecology, Sustainable Development, and Energy Delphine Batho during a debate, aired on both radio RMC and BFM TV with Laurence Parisot, head of the French business association MEDEF.
read more... 07/06/2013
Cost factors dominate EU energy policy debate
Financial crisis has made the cost of energy the political focus in the European Union at the expense of goals to shift to a low-carbon economy. An EU summit on taxation and on energy on May 22 is expected to debate how to limit the negative impact of energy costs on EU competitiveness. Apart from seeking supplies that are competitive, the other watchwords for EU energy policy are sustainable and secure. Below are the main planks of the debate in Brussels.
read more... 28/05/2013
Daily: U.S. crude settles lower on German economic pessimistic data
Brent and U.S. crude oil futures declined in heavy trading on Tuesday, dragged down by German economic pessimistic data and worries about the U.S. debt ceiling debate which stocked fears about fuel demand. Crude prices were hit by data that German economy contracted by 0.5% in the fourth quarter, more than forecasted.
read more... 16/01/2013