Electricity Market

European Union and Recovery Fund

The European Union’s Climate Plan Aims to Reduce Emissions

This week, the European Union set to take the lead in climate policy action among the world’s largest greenhouse gas emitters. A slew of ambitious plans to reduce emissions over the next decade drastically. If approved, the policies would put the EU, the world’s third-largest economy, on track to meet its 2030 goal of reducing …

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How to invest in commodities?

Europe’s Carbon Push Stokes Backlash Fears

A European Union plan to extend carbon pricing to the gasoline used in automobiles and to heat homes faces early opposition from governments and parliamentarians concerned about public backlash. Supporters find measures to compensate people who will be most affected. According to leaked drafts, the system would establish an Emissions Trading Scheme (ETS) for transportation …

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hydropower, China Launches Blockchain Apps to Combat the Coronavirus

Hydropower Plants on Sale in China After Mining Crackdown

China’s sweeping and swift crackdown on bitcoin mining pushed small hydroelectric power plant owners to offload their assets that cheap demand power is drying up. The number of advertisements on a popular second-hand e-commerce platform, Xianyu, for small-scale hydro plants with a capacity of about 50 megawatts increased after the mining crackdown. Some plants are in an …

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commodities

Commodity Price Surge Might Cause Wind Energy Price Growth

In the first half of 2021, the global average onshore wind power costs have fallen. However, the rising commodity prices might make renewable energy more expensive. If commodities such as steel and copper continue to rise, wind power prices may also rise in the second half of 2021. In the first half of 2021, the …

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Elon Musk, Tesla, Bitcoin

Elon Musk and His Opinion On Bitcoin: Why it Matters?

In mid-May 2021, Bitcoin experienced a free fall. The crypto king fell below $40,000 for the first time in more than three months. On a single day, it saw a 30% drop before rebounding. That’s all because of Elon Musk’s Bitcoin statements on Twitter. He announced that Tesla no longer accepts Bitcoin payments. And it’s …

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UK Police found an illegal bitcoin mine in West Midlands

UK Police Found an Illegal Bitcoin Mine in West Midlands

Police in the United Kingdom says they accidentally discovered an illegal bitcoin mine while looking for a cannabis farm. Police have discovered a crypto operation that utilized stolen electricity to mine bitcoin in the West Midlands. Officers from West Midlands Police raided a building in an industrial estate on May 18. They were expecting to …

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Ivory coast cocoa

Power shortage in Ivory coast drops cocoa grinding by 40%

Ivory Coast is the largest producer of a cocoa-the key ingredient in chocolate. World’s most prominent cocoa farmer has power shortage issues which affect on their cocoa production. Ivory Coast cocoa production might fall by 40% to 25,000 tons in May and decline even further in June. Since late April, the Ivory coast’s power generation …

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