Before covid, the energy sector was facing significant challenges due to growing demand for renewable energy, declining oil demand and falling profits. The virus has only further shaken the energy industry. Other factors they already faced: Many investors are pulling out of traditional energy companies. There has been an increase in social responsibility, reducing their popularity. [...]
The pathway towards Climate Neutrality by 2050 continues with coal phase-out leading the initiatives to achieve such goal across the “Old Continent”. The official roadmap points for France to win the race of decarbonization in Europe, by phasing out of coal by 2022. In the year after is expected that Portugal, the United Kingdom, Italy and [...]
Renewables has so far been the energy source most resilient to Covid‑19 lockdown measures. In Q1 2020, global use of renewable energy in all sectors increased by about 1.5% relative to Q1 2019, according to the International Energy Agency. The increase was driven by a rise of about 3% in renewable electricity generation after more than [...]
It seems, that the coronavirus crisis comes to an end or at least concludes the first round. But now, it’s when in terms of contraction of demand, we will really see the effects. The next few years are full of uncertainties and risks, but also of opportunities within the electricity sector and now we are asking [...]
The Council of Ministers approved on Tuesday May 19, 2020 the Draft Law on Climate Change and Energy Transition (PLCCTE). A regulation that aims to lay the foundations for a new, greener, more sustainable economy and that will help Spain recover from the economic crisis that is looming after COVID-19. It includes 36 articles distributed in [...]
The financial crisis of 12 years ago had such an impact on the economic growth path and corresponding emission levels that the price for CO2 emission rights did not recover until recently policy changes came into effect that reduced the surplus of emission rights caused in the market. Is the EU Emission Trading System now better [...]
In an earlier blog, we put on the table how the energy market in Italy has been radically affected by the Covid-19 health emergency. We recall that, among the different European member states, Italy was chronologically the first victim of the pandemic and a symbol of example for the rest of the European countries on the [...]
For weeks, COVID19 has monopolized the titles, news, articles, blogs, opinions and comments. We are not going to talk about what the arrival of this virus has meant, but it is necessary to reflect on the scenario in which energy markets are now, on which we have to make decisions (now and in the coming years). [...]
The coronavirus has caused an unprecedented global health and economic crisis. The energy sector, as a key actor, has been particularly affected by this crisis, but is also a key sector for the global response and recovery efforts. Energy security continues to be an area of particular focus and the crisis has put a premium on [...]
After one month of a dramatic break-up and a beginning of an oil war between Russia and the Saudi Arabia, history was made last Sunday with a renewed agreement achieved by OPEC + of 9.7 million barrels per day (mbpd) oil output cut. A 10 million bpd oil reduction is the biggest cut ever agreed in [...]
