Binding CO2 minimum price risks undermining EU green goals, warns leading think tank
“Intervening into one market creates the need for complementary interventions in others,” the study notes.
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Popular articles tagged "energy prices"
Brussels wants to turn out your lights
For the first time in decades, the threat of rationing has returned to Europe.
Poland’s hydrogen bus push falters on high fuel costs
The city of Rybnik reported that hydrogen fleets were more than three times as costly as diesel and four times as costly as hybrids, the report said.
ECB warns oil shock could force rate hike in June
Alexander Demarco said hopes that the eurozone could ride out the energy spike were "fading" and that he expected the conflict,
World faces what ‘could be most severe energy crisis in history’, Brussels warns
European Commissioner for Energy and Housing Dan Jørgensen made the comments at a press conference.
Brussels admits it does not know how much fuel Europe holds
European Commission President Ursula von der Leyen has said the conflict was costing the EU nearly €500 million a day in higher energy costs.
EC uses Iran crisis to double-down on renewable energy
The European Commission is using the fallout from the US-Iran conflict to reinforce its push toward renewable and electrified energy systems, even as several european…
Fuel crisis: Governments and private sector profit while workers pay price
The European Union is witnessing growing fuel chaos as a temporary ceasefire in the Iran conflict, and the partial reopening of the Strait of Hormuz briefly eased…
Workers at French energy giant threaten strike, as energy costs swallow their pay
Employees of Argedis, a network of petrol garages owned by French energy giant TotalEnergies, are threatening a walkout, saying the product they help distribute…
Poland’s intervention in the fuel market meets with EC disapproval
The European Commission has attacked a Polish move to lower VAT on motor fuels to protect consumers from surging prices caused by the conflict in the Middle East.
Middle East war: global economic fallout
Here are the latest economic events in the Middle East war:
German economy minister warns of fuel shortage from end of April
Germany’s Federal Minister for the Economy, Katherina Reiche, has warned of an impending fuel shortage if the Iran war drags on for much longer.
Belgian industry asks for closed nuclear plants to be reopened
Belgium’s energy-intensive industries are calling for an urgent study into extending the operation of several recently closed or idled nuclear reactors.
‘Green’ policies make Germany especially vulnerable to surge in price of natural gas
Germany is especially vulnerable to energy price increases following the war in Iran and the closure of the Street of Hormuz – due to a mix of supposedly “green”…
Slovakia says No to cross-border ‘fuel tourism’ and limits fuel sales
The Slovak Government has introduced emergency restrictions on diesel fuel sales amid an escalating energy supply crisis.
The Hormuz crisis is about much more than oil
The Western public has been conditioned to think of energy crises in terms of petrol prices and heating bills.
Petrol carousel: Germans go to Poland to fill up on cheaper fuel, while Poles go to Slovakia
German drivers are crossing in their droves into western Poland to buy cheaper fuel at petrol stations, giving rise to local shortages and complaints from the Polish…
Sharp rise in fuel prices forces Germany to release oil reserves
Germany has authorised the partial release of its national oil reserves to mitigate the sharp rise in oil and fuel prices triggered by the ongoing conflict in Iran,…
German industry orders plummet in January with oil prices adding to pain
Germany’s industrial sector has started weakly into the New Year.
The Great Game of Oil: Why Iran is about leverage not liberation
Within seventy-two hours of Operation Epic Fury, the joint US-Israeli strike on Iran, Tehran had retaliated across the entire Persian Gulf.
Energy prices soar, stock markets slide on Iran war fallout
Oil and gas prices soared, stock markets slid and the dollar firmed on Monday as the widening Iran war shook financial markets across the globe.
Eight ex-UK energy ministers urge government to reverse North Sea oil and gas policy
A cross-party group of eight former UK energy ministers has written to Prime Minister Keir Starmer calling for an urgent policy reversal on North Sea oil and gas.
Low salaries, nuclear energy prices keep French inflation lowest in Europe
Inflation in France remains strikingly low compared with the rest of Europe, according to official data released January 6.
Who will benefit from Venezuelan oil?
The US intervention in Venezuela reopened a question that goes beyond geopolitics: Who stands to gain if the country’s oil sector is revived — and who does not?
German electricity system not ready for surge in demand, says report
Germany’s electricity system is struggling to keep up with rising industrial demand and fluctuations from renewables output.
Energy-hungry European industries ‘dying’, top bank chief warns
Energy-hungry industries Europe are effectively "dying" as rising energy prices, the flood of cheap goods from China and the side effects of climate policies make…
Even with free gas, net zero policies would drive up UK energy bills, say experts
Bosses from the largest UK energy suppliers say "green" policies are so costly that bills would go up for consumers even if it were free.
UK oil and gas output to plunge soon, lobby group warns
The UK’s oil and gas sector has issued its starkest warning yet, cautioning that the North Sea could be “wiped out within years” as a source unless the government…
British wind farm paid to discard half its generated power
Half of the power generated by one of Britain’s largest wind farms was discarded in 2024 yet it was still paid millions for electricity that never reached a single…
EU carbon tax ‘to cost Belgian families €250 to €400 a year extra’
The European Union's new carbon tax, the Emissions Tradings System 2 (ETS2) set to be enforced from 2027, was likely to cost Belgian families €250 to €400 a…