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How trading in the EU carbon market works
The ETS is the largest carbon market in the world, worth around $148 billion last year. It covers around 12,000 installations, such as factories and power plants in the 27-member European Union. Since Jan. 1 2012, the aviation sector was also included in the scheme. Around 85% of permits were given to airlines for free in 2012, but this free allocation will be reduced over the period 2013-2020. Many airlines have opposed inclusion in the scheme.
read more... 16/04/2013
Daily: Sharply rising temperatures weighs on European spot power prices
Brent crude oil futures dropped to a nine-month low, settling near $101 a barrel on Friday after having declined as much as $3 a barrel, dragged down by a broad investor sell-off in commodities, however a global oil benchmark pared losses in afternoon New York trade.
read more... 15/04/2013
Portugal: 70% of power consumption came from renewables in first quarter
About 70% of Portugal’s electricity requires came from renewable sources in the first quarter of 2013, according to the Portuguese grid operator Redes Energeticas Nacionais (REN). The new record could be due to the combination of favorable weather conditions and the country's investment in wind and hydro-electricity capacity.
read more... 12/04/2013
China’s wind power output up 41% in 2012
According to National Energy Administration, China has registered a 41% increase in the production of wind power in 2012. The Asian nation has produced 100.8 billion kilowatt-hours of wind power last year, while in 2011 it produced 71.5 billion kilowatt-hours.
read more... 11/04/2013
Daily: European power drops on higher wind power forecasts
Crude oil prices traded higher on Monday, supported by gains in gasoline futures and strong selling of the spread between Brent and U.S. crude at $11.30 a barrel.
read more... 09/04/2013