In December 2019, the European Commission presented the European Green Deal, an ambitious package of measures that should ensure that the EU meets its climate goals, while enabling European citizens and businesses to benefit from a sustainable green transition. In that sense decarbonization technologies are ramping up to mitigate the buildup of greenhouse gases and to [...]
This week's Post is different from the usual ones that we publish in Magnus Commodities, and it comes to think about the type of management when it comes to the purchase of Commodities, vs. other buying families where there is no market setting their price. SHOPPING, A NON STOP ACTIVITY The job of a Purchasing Director [...]
2021 starts with the hangover of a 2020 year to forget and a meteorological phenomenon that this winter has shaken the European gas markets. And by the way, it has contributed the wholesale power market break price records as well. All of this ended up in gas price levels never seen before (both for high prices [...]
Everyone expected so much of 2020, setting it at an important milestone for the World with the globalization peaking and the technology and social barriers being tested constantly. On the other hand, the long trade war between US and China was weighing on the markets and a recession was on the edge. Despite that, no one [...]
The effects of America's withdrawal from the Paris agreement on climate change were short-lived. President-elect Joe Biden has promised to rejoin the pact as soon as he enters the White House. Most countries are eager to welcome America into the club of those who care about it. In the last eight weeks, China, Japan and South [...]
Little by little the government is promoting big industry, but it still needs a bigger push to keep them in Spain in a competitive way and to contribute to the economic recovery, that is why it is necessary to increase the funds within the framework of the Electrointensive Statute. The electro-intensive The electrointensive industry is that [...]
On November 3, the Royal Decree on the Economic Regime of Renewable Energies (REER) was approved by the Ministry for the Ecological Transition and the Demographic Challenge. It is intended for new renewable power and will allow the hybridization between technologies and the expansion and modification of existing facilities and will be compatible with storage. According [...]
As we all know energy efficiency is central to energy transition and decarbonization strategies all over the world. That is why the IEA calls it the "first fuel" as it offers the cheapest, fastest, and cleanest resource for clean energy transition while addressing the immediate and significant threats posed by climate change. Just for you to [...]
Today we are talking about the General State Budget (GSB) for 2021, approved last Tuesday by the Council of Ministers. The surprising thing is that, compared to last year's GSB, we are facing a record increase in public spending. This has been the decision of the Council of Ministers, which has been forced to take all [...]
The Spanish Government approved this month at the Council of Ministers its Hydrogen Roadmap for the next ten years, following the European Union's strategy. This guide includes 60 measures to prepare the regulatory framework and encourage research and innovation until 2030, the guide aims to reach an installed capacity of electrolysers of at least 4 GW. [...]
