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EU ministers have reached compromise on 2021 energy saving targets
The EU promised to take the lead on climate after US President Donald Trump withdrew the country from the Paris Agreement. EU ministers took the first step on Monday, reaching mutual understanding towards implementing the Paris Agreement on lowering carbon emissions and limiting the effects of the global warming.
read more... 28/06/2017
Daily (14.06.2017): EU carbon prices rose above €5 in a calm session on Tuesday
Oil prices slightly rose on Tuesday, after Saudi Arabia vowed to make real supply cuts and OPEC reported an increase in its output and as traders anticipate a drawdown in U.S. crude inventories.
read more... 14/06/2017
France will reduce its nuclear share, but wants better carbon tax threshold at EU level
French environment and energy minister Nicolas Hulot declared on Monday that the government plans to reduce the share of nuclear to 50% of the country’s power generation from the current 75%. As for the possibility of introducing a carbon tax, Hulot said that France already has a carbon tax which is increasing every year.
read more... 13/06/2017
Daily (12.06.2017): EU carbon prices posted a 2.3% week-on-week loss
Oil prices slightly increased on Friday, after steep declines previously during the week, mainly due to increased buying activity among traders, who have taken long positions after closing their prior positions earlier last week. Brent crude for August delivery added 0.61% to settle at $48.15 a barrel on the London ICE Futures Exchange, while the West Texas Intermediate for July delivery increased 0.19 U.S. dollar to settle at $45.83 a barrel on the New York Mercantile Exchange.
read more... 12/06/2017
California carbon trading market could be linked with China
California Governor Jerry Brown declared on Thursday about his plan to discuss merging carbon trading markets in his state and China when he goes to Asia later this week, denoting his ambition to influence global climate change policy.
read more... 02/06/2017