Autore: CTI srl

Oil and gas projects need insurance, but policies are being pulled as climate change bites 

Insurance providers are increasingly shunning fossil fuel projects, a new report suggests. The trend could be a major blow to the oil, gas, and coal industries, as investors are unlikely to fund projects that can’t secure risk protection. According to Insure Our Future – an alliance of a dozen groups tracking the climate policies of insurance providers – […]

Glaring double standard’: UK government imposes ‘de facto windfall tax’ on renewable energy 

Renewable power companies will have their revenues capped in England and Wales, as the government clamps down on runaway profits. The measures – described by the industry as a “de facto windfall tax” – will apply to low-carbon electricity generators like wind and solar. However, the government has not capped oil and gas revenue, leading environmentalists to […]

The G7 wants to cap the price of Russian oil. It won’t be easy.

As the war in Ukraine nears its eighth month with no resolution in sight, Western countries are stepping up efforts to strip Russia of its largest source of income: oil. The West suspects the Kremlin is bankrolling the invasion with its profits from the continued sale of fossil fuels, which make up over 40% of […]

Algeria’s renewable energy potential: Solar power is the way to go

**Algeria is full of renewable energy promise.  Host to significant hydrocarbon resources, the country also wants to play a role in the energy transition in Africa, mainly thanks to its photovoltaic potential. ** A land full of solar-powered promise In the Sahara desert, in the Laghouat region, 240,000 solar panels make up the El Kheneg solar […]

Energy crisis: Ursula von der Leyen calls for ‘emergency intervention’ in electricity market

The worsening energy crisis besieging Europe has laid bare the “limitations” of the electricity market and requires an “emergency intervention” to bring down soaring prices, Ursula von der Leyen has said. “The skyrocketing electricity prices are now exposing, for different reasons, the limitations of our current electricity market design,” the European Commission president said on […]

Europe’s gas prices have broken a new record. How high can they go?

There’s no stopping Europe’s gas bills. On Thursday, future gas prices at the Title Transfer Facility (TTF), the continent’s leading trading hub, reached €321 per megawatt-hour, a stratospheric figure compared to the €27 set a year ago. The new all-time high follows a surprising announcement by Gazprom, Russia’s state-controlled energy giant, who last week said it would soon shut down […]