Latest news
Daily (08.04.2022): European carbon prices soared by 3.6% on Thursday amid strong auction
Oil prices extended losses for the third day in a row on Thursday amid uncertainty that the eurozone will be able to effectively penalize Russian energy exports and after consuming nations announced a large release of oil from emergency reserves. The coronavirus outbreak in Shanghai that has forced a lockdown in China's second-largest city put further pressure on prices. Hence, Brent crude slipped by 49 cents, or 0.5%, to settle at $100.58 a barrel. U.S. WTI crude lost 20 cents, or 0.6%, to settle at $96.03 a barrel.
read more... 08/04/2022
Daily (08.03.2022): Oil crude prices hit 10-year highs on Monday due to potential ban on Russian oil imports by western nations
Oil prices continued their bullish evolution on Monday. Concerns over a potential ban on Russian oil imports by western nations and no major progress in Ukraine negotiations boosted prices. Consequently, Brent crude surged by 4.3% to settle at $123.21 a barrel. At the same time, WTI crude ended 3.2% higher at $119.40 a barrel.
read more... 08/03/2022
Daily (01.12.2021): Oil prices tumbled to their lowest levels since end of August amid Omicron fears
Crude oil prices tumbled on Tuesday following comments by Moderna's CEO Stephane Bancel that current COVID-19 vaccinations are unlikely to be as effective against the Omicron version. Hence, Brent crude for January sank by 3.9% to settle at $70.57 a barrel. U.S. WTI crude futures ended 5.4%, lower at $66.18 a barrel. Both contracts hit their lowest levels since August 23.
read more... 01/12/2021
Nations strike deal on international carbon markets at Glasgow summit
Negotiators from almost 200 governments have reached a final deal on the rules governing the international trade of emissions reduction units after six years of haggling that had held up the Paris Agreement rulebook.
read more... 15/11/2021
Europe Is Subsidizing Its Way Into Electric Vehicle Leadership
As Europe looks to lead the world in electric vehicle (EV) uptake, many governments are incentivizing the switch from traditionally-fuelled cars to electric alternatives, hoping to end the sale of petrol and diesel vehicles and get on the path to net-zero carbon emissions over the next decade. As major automotive manufacturers catch up with niche EV brands such as Tesla, Europe is ready to build up its EV market through incentives such as subsidies, free electric charging options, tax breaks, and a wide variety of EV options for consumers. Several European countries are now leading the way for EV promotion, racing to get ahead of rich Asian nations and North American competitors also looking to make the shift.
read more... 09/09/2021