Carbon trading is a market-based tool to limit greenhouse gases. The EU's emissions trading system (ETS) was launched in 2005 and is the European Commission's flagship mechanism to fight climate change.
read more... 20/12/2012
Despite a rough and a pessimistic year for the whole solar industry, being hit by anti-dumping and protectionist measures as nations all over the world tried to save their own manufacturers from a huge oversupply and declining prices, however, the year which was announced to be a tumble one, was saved by Germany.
read more... 18/12/2012
The Italian oil giant Eni is planning to invest $8 billion in Libya over the next decade in developing its upstream business as it aims to strengthen its position on the international oil and gas market.
read more... 17/12/2012
Britain proposed legislation for a major overhaul of its electricity market that will encourage investment in low-carbon types of energy to help meet legally binding emissions-reduction targets. The government faces the challenge of keeping bills affordable for consumers while ensuring intermittent renewable energy is backed up by stand-by power plants and safeguarding tax revenues from oil and gas exploration.
read more... 12/12/2012
GDF Suez, Europe’s largest utility by market value, has announced this week that income for next year will register a decrease as the economic crisis in the region slows demand. According to GDF Suez, European demand for natural gas is down 14% since 2010 while power by 25 %, so it plans to cut its share of profit from Europe and is looking to double LNG sales to emerging markets.
read more... 11/12/2012