RWE to restart all three reserve lignite plants, expects scant earnings from them
Germany-based utility RWE is to restart all three of its reserve-held lignite-based power plants from October but does not expect to generate big earnings from them, the company’s executives said in half-year results on Thursday, while adding that power hedging had been much more “conservative” than normal.
Read MoreCEZ lags on hedging as coal burn covers output shortfall
Czech utility CEZ reported a lagged hedged position for H1 on Tuesday despite increased coal-fired output and bumper earnings, giving a bullish signal for EUAs for the rest of the year.
Read MoreUPDATE – US Senate passes sweeping $430 bln climate bill
The US Senate passed a $430 billion climate change, healthcare, and tax bill late on Sunday, paving the way for a major uptick in the nation’s climate action following a House vote expected this week.
Read MoreSpain to propose placing a cap on EU ETS prices
Spain will send a proposal to the EU to cap prices in the bloc’s carbon market to try to curb energy prices and inflation, Prime Minister Pedro Sanchez said Friday.
Read MoreEuropean soil carbon firm targets global rollout after UK acquisition
A European soil carbon crediting company is planning to expand to the Americas and Australia after acquiring a British-based emissions auditing specialist.
Read MoreAsian gas leak offset project sees rating downgraded
The grade of a high-yielding VCS-accredited pipeline gas leak offset project was downgraded by a ratings agency this week.
Read MoreOil company Eni secured more than 2 mln offsets in 2021 via African deals
Italian oil and gas firm Eni secured more than 2 million carbon credits over 2021 from its investments in African nature-based projects, the company said in filings published this week.
Read MoreEU ETS-derived Innovation Fund awards €1.8 bln to 17 large projects
The EU awarded €1.8 billion to 17 large carbon-cutting projects across Europe on Tuesday, the second large-scale activities selected to receive cash from the ETS-derived Innovation Fund.
Read MoreUK’s Drax seeks approval for world’s largest carbon capture facility
British utility Drax has submitted plans to build the world’s largest carbon capture facility at its wood-burning power station, aiming to make good on its ambition to generate 8 Mt of carbon removals a year at the site by 2030.
Read MoreEU lawmakers set to raise the bar on energy savings law
Senior members of the European Parliament have struck a provisional deal to push for higher bloc-wide energy efficiency targets than member states agreed and beyond what Brussels has proposed under its RePowerEU initiative to rid the EU’s dependence on Russian fossil fuels.
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