Britain's Emissions Trading System (ETS) kicked off on Wednesday as the UK strives to eliminate net emissions by 2050, with carbon prices reaching over 50 pounds ($70.77) per tonne and making the cost of polluting in Britain higher than in the EU.
Officials from President Joe Biden's administration have agreed to brief U.S. Senate committee staff on Monday about its decision to waive some sanctions related to Russia's Nord Stream 2 pipeline, after some lawmakers - some of Biden's fellow Democrats as well as Republicans.
By Reuters Staff
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PRAGUE (Reuters) - Czech utility CEZ said it aims to shut most of its coal-fired power plants by 2030, cutting the proportion of coal in its energy production mix to 12.5% from 36% last year.
The country’s main power utility said on Thursday it would boost renewables, mainly in the form of solar, and continue to run and build new nuclear capacity as well as gas plants that will be prepared to mix hydrogen with natural gas.
“Decarbonization goals have not only become stricter in Europe, but also in other parts of the world,” CEZ Chief Executive Daniel Benes said in a statement.
Russian Deputy Prime Minister Alexander Novak said on Wednesday there was an oil deficit on the global market even though some countries were recording a growing number of COVID-19 cases.
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LONDON/SYDNEY (Reuters) - Global shares hit the pause button and gold briefly crested a three-month high as surging COVID-19 cases in some Asian countries and inflation pressures tempered demand for riskier assets.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 14, 2021. REUTERS/Staff
Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns some economies could overheat, requiring policymakers to tap on the brakes.
The MSCI World Index, a broad gauge of equity markets globally, was flat in European trade, albeit less than 2% from a recent record high. That followed its best day since February on Friday after an early week inflation-driven selloff.