Governments globally raised a record $63 billion from the sale of carbon allowances in emission trading systems in 2022, as many countries increased ambitions to cut pollution despite record high energy prices following Russia’s invasion of Ukraine, a report said on Wednesday.
read more... 22/03/2023
The EU has banned Russian nationals and companies from booking capacity in the bloc's natural gas storage facilities in its latest sanctions to pressure Russia to end its war in Ukraine.
read more... 01/03/2023
Belgium has reached an agreement with French utility Engie to extend the life of two nuclear reactors by 10 years, the prime minister said on Monday, overturning a plan to exit nuclear power in 2025 as the war in Ukraine has changed energy strategy.
read more... 11/01/2023
Oil prices were bullish on Friday to end a volatile 2022, as Russia's war in Ukraine shook global markets, boosted global inflation, and fueled recession fears despite most economies emerging from coronavirus lockdowns. Consequently, Brent crude increased by 4.4% to $85.91 a barrel and WTI oil rose by 2.3% to $80.26 a barrel.
read more... 02/01/2023
A majority of EU member states have backed a 40% target for renewable energies like wind and solar by 2030 – a far cry from the 45% objective tabled by the European Commission and supported by Parliament earlier this year in response to Russia’s war in Ukraine.
read more... 26/12/2022