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Markets

Winter is coming: Volatile energy prices set to return in Europe

Rising natural gas prices and increasing uncertainty are set to dominate Europe's energy outlook for the coming winter.

Economy

UK inflation rises to 2.3% as energy bills push up consumer prices

Inflation in the UK rose sharply to a six-month high in October, above the BOE's 2% target, scaling back bets that there will be further cuts in borrowing rates this year.

Green News

Trump names fossil fuel executive Chris Wright as energy secretary

Fracking advocate Chris Wright has been one of the industry’s loudest voices against efforts to fight climate change and could give fossil fuels a boost.

USA

Trump picks climate change sceptic to be his new energy secretary

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as his new energy secretary.

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Business

Cyprus in talks with Gulf energy companies over natural gas licences

Energy companies from Persian Gulf states have expressed interest in searching for natural gas off the southern coast of Cyprus, President Nikos Christodoulides said on Friday.

Business

Schneider Electric appoints new CEO to take charge of strategy

The board of one of Europe's biggest tech companies has signalled it's looking for a change of direction with the unanimous decision to appoint company veteran Olivier Blum as Chief Executive Officer.

Business

Small nuclear plants in Europe: CEZ and Rolls-Royce SMR sign a deal

CEZ plans to build the first small modular reactor at the existing Temelin nuclear plant in the first half of the 2030s.

Smart Regions

POWERTY: energising communities to combat poverty

In partnership with the European Commission

An EU-funded project is helping one of Spain's poorest neighbourhoods cope with energy costs and the endemic problems of poverty

Green News

The clocks are going back. But does it actually save energy?

Several studies in Europe and the US show Daylight Savings Times has very little effect on energy conservation.

Radio Schuman

Outsourcing migrants in Europe: Troubling choice or the new norm?

In this episode, Radio Schuman explores Italy's migration centres in Albania and the trend of externalising migration.

Economy

Eurozone inflation drops in September, falling below ECB's target

The drop below the target of 2% was mainly due to falling energy prices. However, the European economy may still not be out of the woods.

Europe News

What lobbying footprint does Big Oil have on EU climate policy?

Two new reports have claimed to show just how much influence fossil fuel company lobbying has on EU climate policymaking.

Living

Energy-leaking homes some of ‘biggest culprits’ of UK climate change

Under current plans, it will take 90 years for the insulation in all of the energy inefficient homes to be upgraded.

Europe News

Von der Leyen pledges Ukraine €160m in aid, energy support

With 80% of thermal plants destroyed, Kyiv is facing a difficult winter – but some worry EU support means higher prices for Europeans.

Economy

Eurozone inflation figures see drop in August, towards ECB 2% target

Services were the main reason for the boost but growth in inflation was at the slowest rate in three years and inching towards the ECB's target of 2%.

Europe News

Italy mulls bringing back nuclear energy plants

The government has appointed teams to draft specific laws to address a renewed Italian interest in nuclear energy, as well as parliamentary committees that will examine the possibilities.

Business

Sanctioned Russian oligarchs bag stake in UK’s biggest oil company

Investment firm LetterOne, owned in part by sanctioned Russian oligarchs Petr Aven and Mikhail Fridman, has acquired a minority stake (14.87%) in Harbour Energy, which is the UK’s biggest oil and gas company with operations in Norway, Southeast Asia, Germany, North Africa and Argentina.

Eco-Innovation

Finland is building a giant heat pump to cut CO2 from warming homes

The heat pump will be part of a plant that will warm around 30,000 homes in Finland’s capital city.

Europe News

EU reaches its winter gas storage target weeks ahead of schedule

The European Union's gas storage facilities can cover up to a third of its gas demand in winter.

Europe News

Germany seeks arrest for Nord Stream blasts, reports claim

Prosecutors have declined to comment on the investigation, which concerns explosions that damaged the pipelines built to bring Russian gas to Germany.

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