Latest news
Germany aims to build fusion power plant
A new funding programme for nuclear fusion research has been announced by Germany's Federal Research Minister Bettina Stark-Watzinger aimed at paving the way for the first fusion power plant to be constructed in Germany by 2040.
read more... 15/03/2024
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UK offers cash bonuses for green wind investments
The UK Government plans to encourage offshore wind companies to cut their carbon footprint by providing extra payments in Allocation Round 7 of the Contracts for Difference scheme, scheduled to launch in 2025
read more... 15/03/2024
Daily (14.03.2024): European carbon prices resumed their decline on Wednesday as investment funds cut short positions less than anticipated
Oil prices rose sharply on Wednesday, boosted by strikes on Russian refineries and a larger-than-expected drop in US crude and gasoline inventories. As a result, the Brent crude oil stood slightly above $84 a barrel, while WTI crude settled at $79.72 a barrel.
read more... 14/03/2024
Norway’s Ambitious Plan to Store Carbon Dioxide in the North Sea
Norway has big plans to pump waste carbon from oil and gas operations and heavy industry under the seabed of the North Sea to be stored safely underground. It believes this method will be key to decarbonizing its fossil fuel activities in the coming years and supporting a green transition. However, some fear that this process cannot be done safely without risk to the environment. Others believe that carbon capture and storage (CCS) is merely a band-aid on a bullet wound and that countries should be fixing their carbon problem at the source rather than mitigating the effects of fossil fuel production. Nonetheless, so long as the world relies on oil and gas, companies will be looking for ways to produce lower-carbon fossil fuels through innovative methods, such as CCS technology.
read more... 14/03/2024
Italy’s Regulated Power Bills Seen Sharply Down Due to Low Gas Prices
Low natural gas prices this winter season will result in significant declines in regulated electricity prices for households in Italy in the second quarter of the year, according to the Italian energy authority ARERA.
read more... 14/03/2024