In brief | 17 January '25
Reuters:
Buying a factory would allow China to build influence in Germany's prized auto industry, home to some of the oldest and most prestigious car brands, the person said.
Energy Storage News:
With the equity commitment and complementary debt financing, green flexibility will have over €1 billion to invest in its pipeline of battery energy storage system (BESS) projects in Germany, some of which are already under construction.
Bloomberg:
The European Union should adapt its landmark decarbonization road map because it risks hurting the competitiveness of its carmakers, according to the region’s main auto lobby.
Bloomberg:
Boosting the use of recycled raw materials is an opportunity that the European Union “can’t miss” in its shift toward a sustainable economy while bolstering its competitiveness, its new environment commissioner said.
Yan Qin (ClearBlue Markets analyst):
EU carbon price rose to one-year high near €80/t and is still holding strong today despite weaker gas, while UK carbon price on sustained downward move at the start of 2025...now at £32.3 (€38.5).
Bloomberg:
The boom in clean energy failed to keep pace with surging electricity consumption in the world’s second-biggest economy.
