While Kremlin vows to restore gas supply if sanctions are scrapped, energy traders are reaping record profits
The severe dispute between Russia and the West, as always in similar situations, is being used by other countries
Subsidies for fossil fuels doubled in 2021 and continue to increase
Support for fossil fuels doubled in 2021 compared to the year before to nearly USD 700 billion, slowing progress toward climate goals
IEEFA: Relying on carbon capture in fossil fuel sector will not work
The Carbon Capture Crux – Lessons Learned studies 13 flagship large-scale carbon capture and storage (CCS)/carbon capture utilization and storage (CCUS) projects
Energy crisis reality check – petroleum companies make huge profits while others face growing uncertainty
Oil companies reported huge profits, and UN Secretary-General Antonio Guterres described such high earnings as "immoral"
Austria to ban gas boilers in new buildings in 2023
Austria is phasing out fossil fuels in heating, starting with a ban on the installation of gas boilers in new buildings from next year
First Greek climate law sets deadlines for ban on conventional vehicles
Greece's parliament passed the first climate law with more flexible requirements than in the original proposal
EU rolls out plan to cut demand for Russian gas by two thirds in 2022
The European Commission outlined a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas
Electricity prices hit record high on SEEPEX – EUR 540 per MWh
Brent oil hit USD 139.13 dollars per barrel, the highest since 2008, while Dutch TTF natural gas reached an all-time intraday record of EUR 345 per MWh