European carbon allowance prices have tumbled by more than 40% since reaching a record high of €101.25 almost a year ago. Dramatic reductions in the use of coal and gas in power generation as well as declining industrial output amid the macroeconomic downturn have reduced demand for EU Allowances (EUAs) as the region accelerates its […]
Success in the modern energy and commodity industry requires companies to adopt a proactive, data-driven approach. The COVID-19 pandemic created an environment of volatility in commodity markets, pushing companies to transform their energy supply chain into a strategic value chain through cost efficiency and enhanced processes. Many companies have adopted data automation and analytics tools […]
Global warming has long been a major concern for the world. Unfortunately, despite the warning bells being rung by scientists and environmentalists for decades, a complete transition to renewable energy from fossil fuel was not regarded as a fiscally viable shift. Recent years have seen the impact of global warming materialize in the form of […]