The trilogue negotiations for the reform of the European Emissions Trading System (ETS) and for the introduction of a Carbon Border Adjustment Mechanism (CBAM) were supposed to be concluded before COP 27 in November. But nothing is likely to come of this. The next trilogue round on ETS reform is not scheduled to take place […]
The European carbon price recently rose again to just below €100. Although energy-intensive industries do not have to pay this price for the most part, as they receive free emission allowances, indirect emission costs do have an impact on companies. These are the costs for electricity that they purchase externally and for which the energy […]
This year’s drought in Europe is the worst in at least 500 years, according to a report by the EU Commission’s Joint Research Centre (JRC). Nearly two-thirds of Europe’s land area is still in a critical condition, it said. Forty-seven percent of the land has less precipitation than usual, resulting in deficient soil moisture. According […]
The potential of renewable energies in the G20 countries exceeds the current energy demand. It is therefore possible to completely replace fossil energy sources with renewables in the 20 largest industrialized countries by 2050. This is the result of a study published today by the F20 Foundation Platform and the University of Technology Sydney.To stay […]
Germany may support energy-intensive companies with around €27.5 billion. On Friday, the EU Commission gave the green light for a corresponding aid measure. Specifically, this involves indirect emission costs being reimbursed by the state for the years 2021 to 2030. This is the part of the higher electricity prices caused by the increased CO2 price […]
In Berlin, there has long been resistance to prescribing explicit savings measures for energy consumption that would also interfere with the everyday lives of citizens and industry processes. The German government’s main focus on gas storage to reduce Germany’s energy dependence on Russia was recently criticized by energy experts as “inappropriate” (Europe.Table reported). Despite full […]
The German steel industry is expecting additional costs of €500 million a year due to the gas levy. The levy is significantly increasing the cost pressure on the steel industry already caused by the extreme price increases on the energy markets, explained Hans Jürgen Kerkhoff, President of the German Steel Federation, on Monday in Berlin. […]
For the first time since the debt crisis, Greece will no longer be subject to increased monitoring by the EU Commission as of August 20. This was announced by Greek Finance Minister Christos Staikouras in Athens on Wednesday. The release from curatorship has now been approved not only by the finance ministers of the euro […]
Climate change is exacerbating the spread of many pathogens, according to a study. A team of researchers from the University of Hawaii concluded in a review paper that 58 percent of ailments caused by pathogens could be exacerbated by climate change. This happens through warming itself, but also through extreme weather phenomena such as droughts, […]
If Russia were to cut off its gas supplies entirely in the coming weeks, Germany would have to reduce its gas consumption by around 25 percent by spring. This is the conclusion of a joint study by the University of Bonn and the University of Cologne. Even if the planned liquefied natural gas terminals went […]