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Germany outlines $17 bln plan to subsidise gas-to-hydrogen shift
Germany's government has agreed plans to subsidise gas power plants that can switch to hydrogen, the economy ministry said on Monday, with a price tag of $17 billion in subsidies as part of efforts to supplement intermittent renewable energy and speed up the transition to low carbon generation.
read more... 06/02/2024
Daily (02.02.2024): European carbon prices plunged by 3% on Thursday, weighed by sluggish demand and ample supply
On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.
read more... 02/02/2024
German carbon capture row heightened by EU’s draft 2040 climate plan
Germany’s upcoming carbon management strategy is being delayed by government divisions on carbon capture and storage (CCS), further exacerbated by a leaked EU climate policy draft for 2040 promoting the controversial technology.
read more... 02/02/2024
Daily (01.02.2024): Carbon prices extended their gains on Wednesday, supported by colder weather and rising gas prices
Oil prices declined on Wednesday, weighed by a sluggish Chinese economy despite the many ongoing tensions around the world. As a result, Brent crude fell by about 1.4% to settle at $81.71, while WTI crude tumbled by about 2.5% to close at $75.85 per barrel.
read more... 01/02/2024
British regulator awards North Sea oil and gas licences
Britain's oil and gas regulator on Wednesday awarded 24 new hydrocarbon exploration licences to 17 companies as part of efforts to extend production in the ageing basin.
read more... 01/02/2024