After two years of the highest and lowest petroleum prices in a decade highlighted flaws in the fossil fuel supply chain, major energy corporations are speeding up their shift to renewable energy, according to Capital.com. Although the majority of the shocks to the energy markets were brief, the most recent period of uncertainty prompted the …
Pandemic accelerates industry’s transition to renewable energy Read More »
The British government initiated the project to develop and build fusion reactors in the UK as the basis for the energy of the future, the press service of the Prime Minister’s Office said on January 24. Fusion reactor sites could be approved during 2022. According to the UK’s green energy vision, “fusion energy is critical …
UK plans to build a network of fusion power plants Read More »
According to China’s current strategy, the country would adopt a new green energy policy to encourage low-carbon consumption across a variety of industries in order to balance economic development with its objective of being carbon neutral, South China Morning Post reports. The green energy policy effort, which was released on Friday by seven government departments …
China Pushes Green Energy Policy in Food, Clothing, Transport Sectors Read More »
According to an analysis published by the International Renewable Energy Agency (IRENA) in collaboration with the African Development Bank, an integrated policy framework built around the energy transition could bring a surge of new sustainable energy investment to Africa, expanding the continent’s economy by 6.4 percent by 2050. (AfDB). “Renewable Energy Market Analysis: Africa and …
Transitioning to renewable energy might boost Africa’s GDP by 6.4 percent Read More »
The German authorities have decided to close half of the nuclear power plants (NPPs) in the country, Associated Press reported. On December 31, three of the six remaining nuclear power plants stopped working. The remaining three are planned to close before the end of next year, after which the German energy sector will completely switch …
A two-year-old plan to run 51 hydrogen buses in Montpellier and its neighboring regions was discontinued owing to cost overruns when elected officials discovered that electric buses would be six times cheaper to operate. Montpellier Horizon Hydrogen, a €29 million ($33 million) project that involves the construction of a small solar-powered green-hydrogen plant, was announced …
Renewable energy sources accounted for 22% of total final energy consumption in the EU in 2020. This is 2 percentage points (pp) more than the 2020 aim set forth in Directive 2009/28/EC on the promotion of the use of renewable energy sources. This is a significant achievement and a turning point in the EU’s efforts …
Renewable Energy Consumption in the EU up by 2pp Read More »
According to Fatih Birol, executive director of the International Energy Agency (IEA), stories claiming that volatility in gas and power markets is a consequence of the clean energy transition are “misleading”, Bioenergy-news.com reports. Natural gas and electricity prices have hit record highs in recent weeks and months, most notably in Europe and certain major Asian …
IEA: Market instability is not due to the shift to clean energy Read More »
BP and Oman will possibly construct several gigawatts of renewable energy and green hydrogen projects in Oman by 2030, boosting the British major’s gas business in the Middle East’s largest non-OPEC oil producer. According to S&P Global, BP and Oman’s ministry of energy and minerals inked a strategic framework agreement on Jan. 17 that will …
BP and Oman partnering in massive renewable energy projects Read More »
