LONDON/BONN, June 2 (Reuters) – A global carbon emissions
pricing system pushed by top energy companies is unlikely to be
a big part of any United Nations’ deal to curb global warming,
some experts say, because many countries have little faith in
such cross-border initiatives.
“All countries are relatively sceptical on international
market mechanisms,” said Niklas Hoehne, founding partner of
research group NewClimate Institute. “They are open to have
national trading mechanisms or national pricing, but to have
these mechanisms internationally, there is a lot of reluctance.”
LONDON (Reuters) – A plan for a new global research program aimed at driving down the costs of renewable energy more quickly has drawn serious interest from the world’s leading economies, its proponents say.
The Global Apollo Programme would be an internationally coordinated scheme of research and development focusing on electricity storage technology, smart grids and renewables, according to a report prepared by scientists, economists, former chief executives and academics.
LONDON (Reuters) – Participants in the European Union’s carbon market expect average prices to rise for the first time in four years, an annual survey published by the International Emissions Trading Association (IETA) showed on Tuesday.
The survey conducted by PwC drew on responses from 122 IETA members including utilities, trading houses and banks.
LONDON, May 7 (Reuters) – Alternative asset manager Aquila
Capital launched a European hydropower fund on Thursday, calling
it the first such fund for institutional investors.
The Aquila Capital European Hydropower Fund has initally
invested in 33 small plants with an average production capacity
of 210 gigawatt hours per year and an minimum investment size of
10 million euros.
LONDON, April 29 (Reuters) – The British government must
submit new plans to the European Commission by Dec. 31 to tackle
the harmful air pollutant nitrogen dioxide, the UK Supreme Court
ruled on Wednesday.
The court said last year the government had breached an EU
directive which puts a limit on certain air pollutants.
FRANKFURT/LONDON (Reuters) – The rise of renewable energy is delivering a boost to Europe’s declining power market as traders get busy in short term deals to juggle unpredictable supplies of wind and solar.
Exchanges show more trade as suppliers buy and sell power closer to when demand will appear, to meet their delivery obligations, because electricity cannot be stored effectively. New players are also attracted by lower capital requirements and risks.
LONDON, April 13 (Reuters) – Earlier and longer than usual
summer maintenance on Norwegian gas infrastructure could tighten
Britain’s gas supply this quarter and reduce exports to
The summer gas season, which runs from April to October, is
typically a period of lower demand due to warmer temperatures so
many gas infrastructure operators carry out maintenance.
LONDON, March 31 (Reuters) – Global green energy investment
surged in 2014, after two years of decline, due to a solar boom
in China and Japan and record offshore wind investment in
Europe, a U.N.-backed report showed.
Renewables investment reached $270.2 billion last year, 16.6
percent above 2013 investment of $231.8 billion, said the report
backed by the United Nations Environment Programme (UNEP).
MILAN/LONDON, March 27 (Reuters) – Britain’s available
natural gas storage capacity will fall to its lowest level in
almost a decade this summer, increasing the system’s reliance on
supply from the continent and the risk of price spikes next
Utility Centrica on Thursday idled nearly 30 percent
of Britain’s biggest gas storage site, Rough, for six months to
LONDON (Reuters) – Britain needs a new regulator for onshore underground energy and shale gas companies must engage with local communities more effectively before a UK shale gas industry can be developed, a task force examining the sector said on Wednesday.
Several companies plan to explore for shale gas in Britain using hydraulic fracturing, known as fracking, which injects water, sand and chemicals into rocks to release hydrocarbons.