Italy on Monday approved a decree to boost its energy security and renewable power production, with the minister for ecological transition saying the package was expected to trigger 27.4 billion euros ($29.89 billion) in investments.
read more... 28/11/2023
On Friday, oil prices declined by more than 1% in a thinly traded market where confidence in a substantial adjustment to production quotas by OPEC and its allies has diminished. Consequently, Brent crude settled at $80.58 per barrel, while WTI crude ended at $75.54 per barrel.
read more... 27/11/2023
Germany's hard coal importers want the Berlin government to prolong the operation of hard coal-to-power generation plants enlisted in last year's energy crisis beyond the targeted end of March 2024, the VDKi lobby said on Tuesday.
read more... 22/11/2023
The European Commission is considering using its “trade instruments” as the EU’s wind industry continues to struggle with fierce competition from China, high raw material prices, rising interest rates, and slow permit-granting processes.
read more... 20/11/2023
National Grid has announced a wide range of policies and investments aimed at upgrading the U.K. and U.S. grid systems and tackling the backlog of energy projects waiting to be connected. While this is optimistic for the energy infrastructure of the two countries, climate activists are concerned that some of the moves may deter investment in renewable energy projects as the connectivity outlook remains uncertain. In addition, energy experts have repeatedly stated the enormous magnitude of the task of upgrading the U.K. and U.S. grid systems, with a multitude of challenges standing in the way of achieving the goal.
read more... 20/11/2023