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Why have energy prices increased during the pandemic?


Why have energy prices increased during the pandemic?
There are several factors at play when it comes to power prices, making them difficult to forecast
Energy prices have been among the largest drivers of inflation since the start of the pandemic: in March 2020, the winter 2021 power price reached down to £42/MWh but it recently broke a new high of over £70/MWh.
Regulator OFGEM’s price cap fell by 1% in April 2020 and even further, by 7%, in October 2020, reflecting underlying market conditions during the pandemic.
However, it rose by 9% in April 2021 again, according to the Office for National Statistics (ONS).
It’s not as simple as the price cap however when it comes to energy prices, there is a huge amount of factors at play, from demand to geopolitics. ....

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Tightening of EU climate target: premature end for coal? | Hellenic Shipping News Worldwide

Tightening of EU climate target: premature end for coal? | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Melanie Nakagawa Named NSC Director for Climate


Melanie Nakagawa Named NSC Director for Climate
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Melanie Nakagawa
WASHINGTON  Melanie Nakagawa is among the members of the National Security Council announced on Jan. 8 by the Biden-Harris Transition.
Nakagawa, who served on the Biden-Harris Transition focused on climate change and energy, has been named senior director for climate and energy. She will work on the U.S. return to the Paris Agreement and President Joe Biden’s objective of integrating climate change into all aspects of U.S. foreign policy.
In the Obama-Biden Administration, Nakagawa was appointed deputy assistant secretary for energy transformation at the U.S. State Department and served as a strategic advisor on climate change to Secretary of State John Kerry on the policy planning staff. Biden has named Kerry as special envoy for climate and given him a seat on the NSC. ....

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