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Hannover Implements Energy Conservation Measures Amid Russian Gas Crisis

Hannover, Germany, has taken decisive action in response to the Russian gas crisis, with the Mayor announcing a city-wide goal to reduce energy consumption by […]
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Spain to propose to EU a cap on carbon emission permit prices

Spain’s PM, Pedro Sanchez, has said the country is to send a proposal to the EU calling for a limit to be placed on EUA […]
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Gravity Batteries: Harnessing Green Energy Storage for a Sustainable Future

Engineers are exploring innovative solutions to store power generated by wind and solar farms. One promising technology is gravity batteries, which offer a potential answer […]
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EU renewables PPA prices surge 47% 

A report from LevelTen Energy has shown that European P25 solar and wind Power purchase agreement (PPA) prices increased 16% in the second quarter to […]
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China Approves Significant Coal-Fired Power Expansion Despite Climate Goals

Greenpeace East Asia has recently reported that China approved the construction of 8.63 gigawatts (GW) of coal-fired power plants in the first quarter of this […]
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Drax Submits Plans for World Largest Carbon Capture Project at Selby Power Station

Drax, an energy company based in the UK, has recently submitted plans to construct two bioenergy units at its power station in Selby, North Yorkshire. […]
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EU Commission Draft Plan Proposes Financial Incentives to Reduce Gas Demand

An EU Commission draft plan titled 'gas demand reduction plan' suggests that EU countries should offer financial incentives to companies purchasing energy in order to […]
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Weekly Red Market Monitor

WeeklyRed Market Monitor - 17 July 2023
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International Energy Agency Warns of Concentrated Solar Supply Chains in China

The International Energy Agency (IEA) has raised concerns about the excessive concentration of global solar supply chains in China. With solar photovoltaic technology becoming the […]
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Brazil Launches Regulated Carbon Market: A Game-Changer in Global Carbon Credit Sales

In a significant move towards combating climate change, Brazil has taken a ground-breaking step by announcing the establishment of a regulated carbon market. Minister of […]
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