❗ EU Council today
⚠️ Following growing calls to undermine the EU's #emissions trading system, @tagliapietra.bsky.social and @gzachmann.bsky.social argue that there are 5 reasons why any proposals to water down the ETS would harm economic #competitiveness.
🔗 www.bruegel.org/first-glance...
#euco
State electricity grid distributor Elering says it plans to encase some of its infrastructure, including transformers, in concrete, following Wednesday's...
by ERR in Estonia
Qatar was the one major LNG exporter geographically and politically flexible enough to sell to all major importers.
While Europe bought little Qatari gas, losing that option grants the EU's current suppliers significantly more leverage over the market.
www.bruegel.org/analysis/dep...
Qatar was the one major LNG exporter geographically and politically flexible enough to sell to all major importers.
While Europe bought little Qatari gas, losing that option grants the EU's current suppliers significantly more leverage over the market.
www.bruegel.org/analysis/dep...
Jensen Huang, the CEO of NVIDIA said at Lex Fridman's podcast (0h53) that to "solve the energy problem" more people need to understand that data centers should shift load across time and space.
@nworbmot.bsky.social, iegor and I share this view:
www.bruegel.org/first-glance...
Bruegel
Jensen Huang, the CEO of NVIDIA said at Lex Fridman's podcast (0h53) that to "solve the energy problem" more people need to understand that data centers should shift load across time and space.
@nworbmot.bsky.social, iegor and I share this view:
www.bruegel.org/first-glance...
www.bruegel.org
Harnessing the flexibility offered by data centres depending on renewable energy availability could cut costs and emissions
If the state uses strategic reserves (oil stocks, coal plants) to suppress prices now, going forward ...
- Consumers will diversify & hedge less
- Traders will store less
- Utilities will invest less
... making the next crisis worse. 1/2
Georg Zachmann
Oil and gas markets are spooked this morning as energy infrastructure became a target in the Iran war.
The global energy heartland within less than 500 km from Irans borders (Gulf + Caspian) holds maybe a third of global oil and a fifth of global gas production.
Strategic reserves are there for security:
- Their presence reduces our vulnerability to foreign blackmail.
- They can fuel our vital infrastructure in a hard conflict.
- At most, they can provide a targeted buffer for a clearly temporary physical supply shock. 2/2
Eric Mayer interviewed me for 3Sat
1) in contrast to 22/23 it is a price, not a volume crisis
2) global price ↑ affect imports from all regions (incl NO) as contracts are largely indexed to Brent/TTF
3) increased EU import cost is roughly €100bn for oil, & €100bn gas
www.linkedin.com/posts/eric-m...
