Gas prices across Europe have continued to surge, reaching highs seen only a few times before, particularly at this time of year, with European natural gas contracts reaching their highest levels in almost 13 years. So, what's behind this unprecedented rise?
Europe
May 2021 stands apart from May in previous years in that, in addition to the joys of spring, it brings with it the long-awaited start of the UK’s own Emissions Trading Scheme (ETS), following the UK’s withdrawal from the equivalent European scheme after Brexit. 19 May 2021 marks the ’go-live’ date, with the inaugural UK ETS auction taking place.
United Kingdom
The winds of change are blowing in Italy – the economy, innovation, and sustainability will all be affected. The Green Revolution has the potential to change much of the country. On 29 April 2021, Italy's parliament overwhelmingly approved the government's huge European Union-funded pandemic recovery plan. Days before the deadline for submission to Brussels.
Italy
As the UK is committed to bring all greenhouse gas emissions to net zero by 2050, it becomes the first major economy to pass net zero laws. Large organisations in the UK are now tasked to lower their carbon emissions in line with net-zero targets; therefore, collating and understanding energy data will be a vital starting point.
United Kingdom
In April 2020, the Virginia General Assembly instituted a mandatory Renewable Energy Portfolio Standard program, also known as Virginia Clean Economy Act (VCEA). The new regulation mandates utilities to generate 73% or more of electricity from clean energy resources by 2035 and 100% by 2050.
United States
On 26 February 2021, the Italian Council of Ministers decreed the creation of the Ministry of Ecological Transition (MiTE). This is the first time that Italy fully embraced the notion of environmentalism as a top-level and inter-ministerial priority.
Italy