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In late February 2023, the price of carbon permits on the European Union’s carbon market hit 100 euros ($106.57) per metric ton – the amount of increased costs that factories and power plants must pay when they emit carbon dioxide. The benchmark EU Allowance (EUA) contract had hit a high of 101.25 euros per metric ton. EUAs […]
The European Union added 41.4 gigawatts of solar capacity in 2022, increasing 47 percent from the 28.1 gigawatts added in 2021. It was led by Germany with 7.9 gigawatts of solar capacity added and Spain with 7.5 gigawatts. Other European countries also added solar capacity in 2022 as follows: Poland (4.9 gigawatts), the Netherlands (4 gigawatts), France […]
Switzerland may ban electric vehicles from being used except for “essential” purposes this winter as government officials plan for a possible energy crisis during the winter months. Swiss officials drafted emergency proposals that restrict power usage if electricity shortages occur this winter. They include fewer hours for shop owners, limited use of streaming services, lower temperature settings […]
At the 2022 United Nations Climate Change Conference (COP27), climate issues relating to Africa took center stage. Uganda President Yoweri Museveni noted the “brazen double standards” of Europe’s climate process “hypocrisy.” ”The Ugandan leader characterized the Western nations’ agreement to allow some fossil energy investment while blocking Uganda’s rights to retrieve oil and gas for itself as the […]
Europe’s electricity and natural gas prices are skyrocketing. European electricity prices are now the equivalent of $1,000 per barrel of oil. It is easy to blame Russia, and Russia’s actions deserve a lot of blame, but Europe has been warned for forty years by American presidents from Ronald Reagan to Donald Trump, that relying on […]
Europe’s move toward decarbonization 30 years ago has resulted in skyrocketing energy prices, the need for severe conservation, possible rationing that could shut down entire industrial sectors and likely future blackouts. It is the result of the continent moving to unreliable and intermittent renewable energy before it was ready to replace fossil fuels and being […]
Russian natural gas supply to Europe via the Nord Stream 1 pipeline capacity fell to 40 percent recently as Russia cut flows awaiting the return of equipment sent to Canada for repair and warns that more delays in repairs could lead to cutting all flows, putting additional strain on Europe’s ability to refill its natural gas inventories […]
Did Vladimir Putin awaken the West from its dangerous and reckless sprint to renewable energy? Are they realizing that the world needs all forms of energy? Diversity of supply was once an important message for energy security, but diversity of supply no longer is mentioned. However, some overtures seem to be baby steps in the […]
It’s time for grown-ups to start handling energy policy in your administration. The American Energy Alliance, the country’s premier pro-consumer, pro-taxpayer, and free-market energy organization, has a direct message for President Joe Biden as we await his comments on the blatant act of military aggression against Ukraine by Russian President Vladimir Putin. AEA President Thomas […]
Futures of Brent oil were up more than 4 percent at $97.70 per barrel early this week and West Texas Intermediate oil also increased nearly 4 percent to $94.67 per barrel, after Russian President Vladimir Putin ordered troops into the Donetsk and Luhansk separatist regions of Ukraine, indicating Russia would recognize their independence. In response to Putin’s […]
