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Additional auctions of emission allowances to raise funds for the RePowerEU programme will blunt the effects of the market stability reserve (MSR) mechanism supposed to tighten Europe’s carbon market, experts told Montel.

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Swiss energy group Repower’s Italian unit has unveiled plans to build a 600 MW hydropower plant in Italy, the first such initiative in many decades in the nation suffering stalling investments due to concession uncertainty.

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Europe is likely to see record high temperatures this summer, though climate change is also expected to continue driving higher rainfall in the region’s north, said the Copernicus Climate Change Service on Monday.
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The world will have sufficient supply of LNG despite a pause in new project approvals temporarily imposed by the US, analysts said on Tuesday.

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Denmark’s government launched a tender on Monday that could treble the country’s installed offshore wind capacity in the early 2030s.

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Germany’s 2030 renewable goals are within reach but require faster renewables buildout and investment in smart networks to enhance efficiency, domestic electronics industry lobby Zvei said on Monday.

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🎧 New episode of ! 🌍 ACER steps up, tackling complex tasks in automated markets, expanding the REMIT framework, and harnessing new investigatory powers. How will ACER boost its brand in Europe? Listen here: montelnews.com/multimedia/mon…

🎧 New episode of #MontelWeeklyPodcast! 🌍 ACER steps up, tackling complex tasks in automated markets, expanding the REMIT framework, and harnessing new investigatory powers. How will ACER boost its brand in Europe? Listen here: montelnews.com/multimedia/mon… #EnergyRegulation #EU
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Ukraine will not negotiate any deal with Russia that would extend gas supply to Europe when the current agreements come to an end at the end of 2024, an official with the nation’s gas TSO said on Tuesday.

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Francesco Sassi Montel News Considering how much money is wasted on myriad other idiocies we can only hope it never take off. Only those who have a complete disdain for physics can think that hydrogen is useful for something other than satisfy the egos of narrow-minded politicians.

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“Talk of tens of millions of tons of imports by 2030 seems premature at the moment,” Francesco Sassi, analyst at the think-tank RIE, told Montel News
“Despite the EU's goals on paper, hydrogen demand in the continent is struggling to take off.”
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Auctions for the licences to operate two hydropower plants in Lombardy should face legal challenges, the head of Italy hydropower association Assoidroelttrica told Montel on Tuesday.

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Spain will keep its 26.6 GW gas-fired fleet online until at least 2030 as its national energy and climate plan does not foresee unit closures until then, TSO Enagas said on Tuesday.

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Uncertainty surrounding when the UK’s next general election will take place is complicating reform of the country’s electricity market design, with any decision on zonal pricing not expected before mid-2025.

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