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Daily (11.10.2022): European carbon contracts fell on Monday due to the collapse of demand in the industrial and energy sectors
After five straight days of gains, crude oil prices fell as weak economic data fueled concerns about a worldwide recession and reduced demand for fuel. Thus, Brent crude decreased by 1.8% to settle at $96.19 a barrel. Meanwhile, U.S. WTI crude ended 1.6% lower at $91.13 a barrel.
read more... 11/10/2022
EU ministers back €20 billion plan to ditch Russian fossil fuels
EU finance ministers reached a deal on Tuesday (4 October) to raise €20 billion from the bloc’s carbon market to support the transition away from Russian energy, opening the way for talks with the European Parliament to finalise the plan.
read more... 06/10/2022
Germany agrees 200 bln euro package to shield against surging energy prices
German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield", including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices.
read more... 30/09/2022
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EU tells countries gas price cap would come with risks
The European Commission has warned EU countries that a broad cap on gas prices could be complex to launch and pose risks to energy security, amid calls from countries for Brussels to step in to tame high fuel prices.
read more... 30/09/2022
Lawmakers close in on EU carbon market ‘frontloading’ to lower energy prices
Political groups in the European Parliament announced a deal on Tuesday (27 September) that will see the equivalent of €20 billion taken from the EU carbon market in a bid to finance the move away from Russian fossil fuels and lower consumer energy bills.
read more... 29/09/2022