How would USD 100 carbon price hike impact world’s economies?
A USD 100 rise in carbon taxes would be a significant shock to the global economy but it falls well within the realms of potential scenarios
Timmermans: energy price hikes should speed up green transition, not slow it down
Only about a fifth of the energy price increase can be attributed to the rising costs of CO2 emissions, while the rest is simply due to a market shortage, says the European Commission’s vice president in charge of climate issues.
Prices on power exchanges soar 60% against pre-pandemic levels
Electricity markets in the region have seen daily prices of up to EUR 120 per MWh in recent days, an increase of about EUR 30 against the same period in 2019.
Turkish exporters to EU face EUR 771 million burden due to carbon border tax
Producers of cement, aluminium, electricity, and steel could face additional costs estimated at EUR 399-771 million in 2026.
Not even carbon price of EUR 200 would make clean hydrogen competitive
As clean hydrogen remains far less cost-effective than fossil fuels, the EU is urged to adopt policies that would bring down its production costs and make it competitive with fossil fuels.
Energy Community Just Transition Forum: transition to clean energy must be gradual
Energy Community Just Transition Forum: to make sure the energy transition is just, it needs to be gradual.
Kopač tells Kosovo* there is no future for coal power plants
Market liberalization implies rising power prices and Kosovo* must make sure it happens gradually, Energy Community Secretariat Director Janez Kopač warned
Think tanks supporting Western Balkans accelerate energy transition, reach Green Deal
A project implemented by Agora Energiewende will support regional governments in developing strategies and plans for coal phasing out, increasing the share of renewables, and identifying the financing sources.