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Swiss government rejects post-2050 fossil fuel ban

The government suggested toning down the demands made in an environmentalists' petition for referendum, the so-called glacier initiative. The initiative calls for a ban on marketing fossil fuels in the country after 2050 to be enshrined in Switzerland's constitution, and for carbon storage counting towards Switzerland's climate target to be restricted to its domestic territory.

read more... 13/08/2021

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Defuelling completed at Leningrad 1

Decommissioning of the RBMK reactor at Leningrad 1 has reached a milestone with the removal of all fuel from the reactor core. Rosenergoatom plans to use some of the fuel in the two RBMK reactors which remain in operation at the Leningrad site.

read more... 12/08/2021

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UK pushes floating wind farms in drive to meet climate targets

In waters 15km south-east of Aberdeen, renewable energy companies are preparing to celebrate yet another landmark in the drive to end Britain’s reliance on fossil fuels.

read more... 03/08/2021

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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

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Global markets sink on resurgent virus fears

World stocks and oil prices sank Monday as the spreading Delta variant of Covid-19 fueled fears of a faltering economic recovery, while the OPEC+ alliance agreed to hike output.

read more... 20/07/2021

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