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Portugal becomes fourth EU country to stop using coal plants
Environmental activists are welcoming the end of electricity generation from coal in Portugal, though they said Monday the possible conversion of the country's last coal-fired power plant into one that burns wood pellets would be a step in the wrong direction.
read more... 23/11/2021
Daily (27.07.2021): EUAs surged by 4.5% on Monday amid strong demand for coal-fired power production in Europe and Asia
Crude oil futures diverged to trade rather flat on Monday amid mixed signals. Forecasts that crude supply will be tight the rest of the year provide little support, while the spread of the COVID-19 Delta variant stoked fears about fuel demand, limiting gains. Hence, Brent crude rose by 0.5% to settle at $74.50 a barrel, while U.S. WTI crude lost 0.2% to close at $ 71.91 a barrel.
read more... 27/07/2021
G7 countries agree to accelerate coal phase-out
Climate ministers from G7 countries have committed to "further accelerate the transition away from unabated coal capacity" and agreed to end the financing of coal-fired plants overseas, according to a statement issued today.
read more... 24/05/2021
Carbon rally crushes forward German coal-fired margins
The recent strength in European carbon prices has pushed forward margins for even the most efficient German coal plants negative for calendar 2024.
read more... 20/05/2021
ETS price floor needed for German coal exit
The price floor would also provide "planning security" for investing in low-carbon capacities to replace the coal-fired capacities, Climate Neutrality Foundation managing director Rainer Baake said today at the presentation of the study, which was prepared by research institute Oeko-Institut.
read more... 12/05/2021