2020-10-12 11:25:00
GERMANY'S CO2 PRICE €25
ENERDATA - 9 Oct 2020 - The Bundestag, Germany's lower house of parliament, has passed a text introducing a national price of €25/t of CO2 emissions in the transport and building sectors from 2021, which will be raised to €55/t by 2025. From 2026, the certificate price will be determined through auctions, with a ceiling price of €55/t and a maximum price of €65/t in 2026. Companies active in fuel (gasoline, diesel, heating oil) and gas sales will have to buy emission rights. Consequently, gasoline prices are expected to rise by €7c/l and diesel prices by €7.9c/l in 2021 (+€0.6c/kWh for gas).
The measure is part of the climate package that was approved in October 2019 by the federal cabinet. The climate protection bill sets legally binding climate protection targets for every single economic sector, enshrining the country's target to become greenhouse-gas-neutral by 2050 in law. This corresponds to a 55% cut in greenhouse gas (GHG) emissions by 2030 compared with 1990.
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Earlier:
2020, October, 9, 12:25:00
OIL PRICE: NOT BELOW $43
Brent was up 16 cents at $43.50 a barrel, WTI rose 14 cents to $41.33.
2020, October, 9, 12:20:00
GLOBAL ENERGY DEMAND WILL UP BY 25%
Despite the large drop in 2020, global primary energy demand is forecast to continue growing in the medium- and long-term, increasing by a significant 25% in the period to 2045.
2020, September, 25, 12:45:00
GLOBAL RENEWABLE PERSPECTIVES & RISKS
Key risks for the renewables sector are reductions in direct subsidies and tax credits as observed in China, Europe, and the US, permitting barriers and a cloudier outlook for long-term electricity prices.
2020, September, 25, 12:40:00
GLOBAL ENERGY TRANSITION FOR CLIMATE
Several oil majors are charting a faster shift to cleaner energy.
2020, September, 24, 12:05:00
GERMANY'S RENEWABLES LAW
Germany's law sets a legally binding target to achieve a carbon neutral power mix by 2050,
2020, September, 14, 10:10:00
GERMANY CLIMATE TARGETS
Germany itself was already committed to a 55% cut in CO2 emissions by 2030 with the environment minister to present the official German position on the formal EC proposal.
2020, September, 11, 12:15:00
GLOBAL C02 EMISSIONS UPDOWN
global CO2 emissions from energy combustion increased by 0.9% to 38 GtCO2 in 2019
