The amount polluters pay for emitting carbon in the EU has hit a 10-year high, in a blow for coal power station owners and a boost for renewable energy. The price of carbon in the bloc’s emissions trading scheme reached €18 (£16) per tonne on Monday, triple the level a year ago. About 12,000 factories and power stations have to pay for every tonne of carbon they emit under the scheme, but for years an oversupply of permits has meant the cost has languished at about €5 per tonne. That is too low to spur companies to lower emissions. However, observers said the carbon price rises and further anticipated increases would begin to hurt coal operators’ profit margi ns and influence investment decisions.
Guardian 13th Aug 2018 read more »
FOR oil fields that were supposed to be running dry years ago, there seems to be an awful lot of oil left under the North Sea. Celebrating 50 years of production in the North Sea yesterday, oil and gas giant Shell chose the occasion to say that it could be in the North Sea for another 50 years.
The National 14th Aug 2018 read more »