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CO2 emissions

CO2

In Spain 27th August 2026

Spain allocates 38.1 million annual free emission allowances to industry for the 2026–2030 period

Upon the proposal of the Ministry of Industry and Tourism; the Ministry of Economy, Trade and Enterprise; and the Ministry for the Ecological Transition and the Demographic Challenge, the Council of Ministers approved the final agreement on the free allocation of greenhouse gas emission allowances to installations subject to the emissions trading scheme for the 2026–2030 period. This will affect more than 650 industrial plants, which will collectively receive an…

CO2

Spanish economy 26th June 2023

Spain CO2 emissions up 5.7% in 2022

Beyond the constant propaganda, greenwashing… the post-Covid economic reopening and growth (by 5.5%) led to an increase in emissions (also up 5.7%) according to the Sustainability Observatory. Spanish carbon market emissions in 2022 grew by 9%, accounting for 34.1% of the country’s total emissions (which grew by an estimated 5.7%). In Europe, by contrast, emissions in the market in 2022 decreased by 7%.(In 2021, something similar happened: Europe decreased market…

Carbon emissions

World economy 5th February 2022

There’s A Massive Bubble In The Price Of Carbon – And Yet It Won’t Bring Down Emissions Any Faster

Steffen Böhm (The Conversation) | Carbon trading was supposed to encourage companies to reduce their emissions. Yet for many years, the carbon price was trading well below €20 (£17) per tonne on the EU Emissions Trading System (ETS), which is by far the most established market for trading carbon in the world. Most agreed that this did not send any financial signals to carbon-intensive industries to invest in green technologies….

Repsol

Spanish economy 22nd October 2021

Repsol CEO Asks Brussels To Put More Emission Rights On The Market

According to Josu Jon Imaz, Repsol CEO, “it is not acceptable that there are industries which have to stop because they cannot assume the energy costs”. So he has asked the European institutions to immediately put more CO2 rights on the market which, in his opinion, would have an “immediate effect” on consumers’ electricity bills and on the competitiveness of industry. Imaz said that “European consumers are paying an oversized…

bitcoin bullish

Relevant News Item 28th April 2021

Is Bitcoin The New Coal?

Energy-intensive crypto mining is no different than coal or oil a century ago. According to Cambridge University analysis, Bitcoin uses around 120 TWh of energy per year, on par with countries like Norway and Argentina, and is estimated to reach as much at 184 TWh, nearly the same consumption as that of London. That comes out to more than 90 million metric annual tons of CO2. Should progressives be thinking twice about greenhouse gas emissions from Bitcoin?

electricity1

Spanish economy 22nd April 2021

The Rise In Gas (+200%) And CO2 (To 45 Euros Per Tonne) Is Pushing Up The Price Of Electricity In Europe

ASE Group | The rise in the price of CO2 emissions, up 36% so far this year to 45 euros per tonne (when a year ago it was around 15 euros per tonne) and in the price of gas, up 200%, is pushing up electricity prices across the continent, both current prices and those on the futures markets. Thus, for example, in Spain, the daily price of electricity on the wholesale market for the first 15 days of April stood at 58.13 €/MWh. This is 60% higher than at the end of March and also 60% above the average for the month of April in the last 5 years. If we compare it with April of last year, in the middle of the sanitary confinement, the price rises by 229%.

CO2

Spanish economy 14th April 2021

Spain Reduced Its Emissions In The Carbon Market By 21% In 2020

T.C. | According to data from the Sustainability Observatory, Spain reduced its emissions in the carbon market by 21% in 2020 (13% in 2019) in a year marked by the covid19 pandemic, in which the emissions of all the major companies fell, albeit with very notable differences between them: ENDESA decreases by 45%, FCC, EDP or IBERDROLA by around 25%, while the oil companies REPSOL and CEPSA or the gas company NATURGY have presented smaller decreases. The fuel combustion sector has decreased by a historic 26% between 2020 and 2019 while the oil companies, for example, have only decreased by 8%.

EU Green Deal: Bold headlines, elusive impact

European economy 22nd January 2020

Green Deal: Bold Headlines, Elusive Impact

Norbert Rücker (Head of Economics & Next Generation Research, Julius Baer) | The outline of the EU Green Deal, was announced yesterday with an overwhelming price tag underpinning its ambitions.The outline is comprehensive but vague, and the impact is elusive to date. Market forces continue to drive the transition.