2025-10-08 06:20:00
GERMANY DECARBONISATION INVESTMENT $6 BLN
ENERDATA - 07 October 2025 - The German government has launched the preliminary procedure for the 2026 bidding process for the CO2-Contracts for Difference (CfD, climate protection contracts), aiming to decarbonise industrial processes. The €6bn initiative targets energy-intensive industries, including steel, other metals, glass, chemicals, pulp and paper, cement and lime, ceramics and gypsum. It will consist of subsidies for the costs to transition towards cleaner production methods under 15-year contracts. Contracts will be awarded through competitive auctions, with projects with the lowest amount of subsidy per tonne CO2 saved having the priority.
Companies are free to decide how they want to organise their production processes in accordance with the specifications of the energy sources used (electricity, low-carbon hydrogen, biomass) but selected projects will be required to achieve binding milestones for emission reduction (60% from the third year onwards, 90% in the last year of the term of the contracts). The CO2 contracts for difference aim to drive the market ramp-up of new technologies (e.g. industrial heat pumps, hydrogen applications, plants for the capture and storage of waste CO2, storage technologies) as well as new production processes on the market. The initiative allows for the first time CCS technology projects to apply. Bidding is planned for mid-2026, with the auction being planned for 1 December 2026.
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Earlier:
2025, August, 5, 06:50:00
OPEC+: MARKET STABILITY
The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation.
2025, July, 30, 06:50:00
OPEC+ RUSSIA: OVERALL CONFIRMITY
The Committee reiterated the critical importance of achieving full conformity and compensation, and requested countries that did not achieve full conformity to submit updated compensation plans to the OPEC Secretariat by 18 August 2025.
2025, June, 3, 06:55:00
OPEC+ RUSSIA OIL PRODUCTION: +411 TBD
In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in July 2025 from June 2025 required production level.
2025, May, 13, 06:50:00
OPEC+ RUSSIA: + 411 TBD
In view of the current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in June 2025 from May 2025 required production level.
2025, April, 8, 06:50:00
OPEC+ RUSSIA INCREASING 0.4 MBD
The Committee valued the additional voluntary production adjustments made by the 8 OPEC plus countries which were announced in April and November 2023 in supporting market stability.
2025, March, 13, 06:55:00
OPEC+ OIL PRODUCTION WILL UP
Furthermore, the eight countries reiterated their collective commitment to full conformity with the additional voluntary production adjustments as agreed under the 53rd JMMC meeting on April 3, 2024. T
2025, February, 7, 06:50:00
OPEC + RUSSIA: HIGH CONFORMITY
The JMMC reviewed the crude oil production data for the months of November and December 2024 and noted the high overall conformity for OPEC and non-OPEC countries participating in the Declaration of Cooperation (DoC). The improved conformity further reaffirms the DoC countries’ shared objectives of unity and cohesion.
2024, November, 26, 06:50:00
OPEC+ RUSSIA: STRATEGIC COOPERATION
The Meeting constitutes an important milestone in the energy dialogue. It emphasized the strategic importance of cooperation between OPEC and the Russian Federation, including through the frameworks of the ‘Declaration of Cooperation’ and the ‘Charter of Cooperation’.