The price of permits on the European Union’s carbon market hit 100 euros ($106.57) per tonne for the first time on Tuesday, a milestone that reflects the increased costs that factories and power plants must pay when they pollute. The benchmark EU Allowance (EUA) contract ...more »

European natural gas futures settled below €50 a megawatt-hour for the first time in over 17 months as the region’s worst energy crisis in decades recedes — though there are signs further price declines are unlikely. Futures have plunged by more than 80% from their August ...more »

Europe has been facing an unprecedented energy crisis. Twenty-seven member states of the European Union (EU) got almost 40% of their natural gas imports from Russia in 2021. However, soon after the EU imposed sanctions on Moscow following its invasion of Ukraine… https://www.weforum.org/agenda/2023/02/eu-renewables-energy-crisis/