Policy & Trading

Neighbors warn Norway about dangerous solo show

If Oslo ends up reducing its electricity exports, more than than just supply security is at stake. Doing so would risk setting a damaging precedent throughout Europe, say TSOs of other Nordic countries in a an unusually sharp joint plea.

Media: Russia blocks Western utilities' asset sales

According to Russian media Kommersant, the country’s authorities have frozen divestments of, among others, Enel and Fortum’s power plants and wind farms. The Finnish utility is analyzing the situation, however without confirming implication.

US IRA bill compromises leave sour taste with activists

Now signed by the US president and thus fully formalized, the watered-down version of Biden’s climate campaign bill – full of compromises to get conservative Democrats on aboard and thus attracting critique from many observers – nonetheless contains the nation’s most sweeping legislation supporting the green transition to date, thereby on account of sheer size reviving some hope of averting the worst outcome for global climate.

Oil prices hold steady

An expected rebound of Chinese fuel product exports combined with the prospect of a revived nuclear accord between the US and Iran have the market forecasting more supply.

US climate bill keeps hope alive for halting warming at 1.5°C

The big legislative package worth USD 430bn has now passed through the US House of Representatives, and while also containing plenty of support for fossil energy, the bill’s provisions for renewables and energy infrastructure keep a sliver of hope alive for keeping global heating somewhat in check.

IAEA demands access to Ukraine nuclear plant

After convening with the UN Security Council, the UN’s atomic energy watchdog demands access to carry out an inspection of the Zaporizhzhia power plant located in the cross fire of war.

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