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Ukraine, Moldova, Slovakia join ‘Vertical Corridor’ European gas transportation scheme
Ukraine, Moldova and Slovakia on Friday (19 January) joined an initiative for a planned corridor to carry natural gas between Greece and countries to its north as Europe steps up efforts to diversify supply and boost energy security.
read more... 22/01/2024
Daily (18.01.2024): European carbon prices hit their lowest point in over two years on Wednesday amid intense selling pressure
Oil prices ended mixed for the second session in row on Wednesday as optimistic OPEC predictions tempered worries about worldwide demand for oil. As a result, Brent crude retreated by about 1% to settle at $77.69, while WTI crude edged 0.2% higher to end at $72.56 per barrel.
read more... 18/01/2024
Daily (16.01.2024): European carbon prices rebounded by 2% on Monday following a successful first auction of the year
Oil prices remained rather steady to bearish on Monday as the geopolitical risk premium eased amid the absence of tangible supply disruptions in the Middle East, with the market focusing on signs of weaker demand. Consequently, Brent and WTI crude edged lower to settle at $78.15 and $72.45 per barrel respectively.
read more... 16/01/2024
EU to Bet Big on Carbon Removals to Meet Net-Zero Goal
The European Union must raise significantly emissions capture and removals to meet its target to become a carbon-neutral bloc by 2050, the European Commission said in a draft document seen by Bloomberg News.
read more... 15/01/2024
Brussels clears French ‘green’ state aid worth over €8 billion in just one month
According to EU figures released this week, the European Commission has approved more than €8 billion in French state aid to decarbonise industry and develop renewable energies in just one month.
read more... 12/01/2024