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EU proposes Energy Charter Treaty exit after climate concerns
The European Commission proposed on Friday that EU countries jointly quit an international treaty that has been criticised for blocking efforts to fight climate change because its protection of energy investments extends to fossil fuels.
read more... 10/07/2023
Engie bets on Korean demand with $7 bln Oman green ammonia project
French energy company Engie was awarded a land parcel in Oman on Wednesday, in the first step towards its plan to build an integrated renewable ammonia plant there and export 1.2 million tons of the green fuel to South Korea by the mid 2030s.
read more... 22/06/2023
Daily (08.06.2023): European carbon prices soared on Wednesday, impacted by a record build in speculative short positions
Oil prices moved higher on Wednesday as Saudi Arabia's surprise production cuts outweighed weak Chinese export data and rising US fuel inventories. Brent crude gained 0.9%, or $0.66, to settle at $76.95 a barrel. Meanwhile, WTI crude traded up by 1.1%, or $0.79, closing at $72.53 a barrel.
read more... 08/06/2023
France braces for power demand surge driven by EVs, alternative fuels
Electric vehicles and other technology to cut emissions is likely to drive a surge in French power demand by 2035, meaning France will need to maintain its existing nuclear capacity, grid operator RTE said on Wednesday.
read more... 08/06/2023
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Germany to earmark 4 bln euros annually for power subsidy - economy minister
Germany plans to earmark around 4 billion euros ($4.40 billion) annually to subsidize electricity prices for energy-intensive industries, to support an industrial move away from fossil fuels and discourage firms from moving offshore.
read more... 23/05/2023