News
The European cap on gas trading is to apply to only part of the market, according to new key points from the Commission. In it, the executive claims the power to suspend the price limit at any time. To appease the Council, however, there are already building blocks for a legislative text.
By Manuel Berkel
The fossil fuel phase-out is being neglected amid the energy crisis, warns the Climate Action Tracker. The demand for natural gas alone will consume 10 percent of the carbon budget by 2050. Moreover, 96 percent of oil and gas companies have plans for new fossil fuel projects.
By Bernhard Pötter
Europe has to take "immediate" action to be able to fill storage in the winter of 2023/24, the IEA warns. Meanwhile, energy ministers discuss cost allocation for solidarity gas supplies and restrictions on protected customers.
By Manuel Berkel