The chief executives of BG Group, BP, Eni, Royal Dutch Shell, Statoil and France’s Total have collectively urged governments around the world to introduce a pricing system for carbon emissions, in order to reduce uncertainty and encourage cost-effective ways of reducing carbon emissions.
The British government has announced that construction on the 400 MW, £1.3 billion ($2.02 billion) Rampion windfarm will take place next year off the coast of Sussex.
A startling new report by the International Monetary Fund (IMF) has today stated that fossil fuel companies receive some £3.4 trillion ($5.3 trillion) in subsidies each year – which is equivalent to nearly $10 million every day.
Czech power company CEZ says it is keeping an eye on potential investment in assets in central Europe that its Swedish and Italian rivals may sell, although it admits there are few immediate and attractive takeover targets.
The EU-28 Member States and the European Parliament have agreed to introduce a market stability reserve in 2019 to tackle a glut of over 2 billion excess permits in the EU Emissions Trading Scheme (ETS).
Hungary’s government has confirmed the deal for Russia's state-owned nuclear corporation Rosatom to build two new reactors at the Paks nuclear power plant (NPP).