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Tag: fossil fuels
Lagging policy support and rising cost pressures put investment plans for low-emissions hydrogen at risk
Momentum behind low-emissions hydrogen continues to grow despite the slow roll-out of financial incentives and stubborn cost pressures that threaten to delay projects, a new IEA report says today. But production levels...
Renewables Competitiveness Accelerates, Despite Cost Inflation
The fossil fuel price crisis has accelerated the competitiveness of renewable power. Around 86 per cent (187 gigawatts) of all the newly commissioned renewable capacity in 2022 had lower costs than fossil...
Declining electricity consumption in advanced economies is weighing on global demand growth this year
EU electricity demand set to drop to lowest level in 20 years, but with global consumption expected to increase strongly in 2024, growth of renewables is more important than ever.
Overall growth in...
Oman’s Quest for Net Zero: A Renewable Hydrogen Strategy
In a groundbreaking move, Oman is gearing up to become a global leader in the renewable hydrogen industry. This information is outlined in a new report by the International Energy Agency (IEA)...
Europe Needs to Step up Circular Economy Efforts, Including on Waste Prevention
The EEA briefing ‘How far is Europe from reaching its ambition to double the circular use of materials?’ shows that, in 2021, about 11.7 percent of all materials used in the EU...
Countries Must Forge ‘Global Blue Deal’ to Protect the Ocean: UNCTAD
The ocean can provide vast opportunities for developing countries to build more innovative and resilient economies, but climate change, pollution and overfishing threaten the livelihoods of some three billion people who rely...
THERE IS NO ALTERNATIVE TO RENEWABLE ENERGY
According to some estimates, the usage of RES (renewable energy sources) will cover 70–80 per cent of all humanity’s energy needs by 2050. Although the most important purpose of using RES is...
Climate-related risks amplify the impact of traditional risk categories
The increasingly frequent materialization of physical and transition climate-related risks has led companies around the world to include climate-related risks in their risk management systems. Climate-related risks can intensify the effect of...
Natural Gas Markets Expected to Remain Tight Into 2023 as Russia Further Reduces Supplies to Europe
Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows and led to acute fuel shortages in some emerging and developing economies,...
The Importance of Battery Energy Storage Systems in the Energy Transition
The increasing demand of consumers to be supplied at all times with electrical energy to satisfy all their needs is one the basic causes for the complexity of an energy system. The...
Agriculture Commissioner Lends Support for new EU-Wide Fertilisers Strategy
EU Agriculture Commissioner Janusz Wojciechowski has offered tentative support to creating an EU-wide fertilisers strategy to help protect farmers against potential future shortages.
A potential initiative to boost domestic production of fertilisers to...
Municipality on the Path to Green Transformation and Economic Development
In the central part of Serbia, there is a settlement of medieval origin – Lapovo. By royal decree, once a large Serbian village, in 1896, it was declared a small town. Today,...
Energy Security: France Takes Emergency Measures to Boost Renewables
France gets around 20 per cent of its electricity from renewable sources – 8 per cent from wind energy, but it needs more to meet its climate goals while reinforcing energy security....
Development of the Electricity Network as a Key to a Greater Regional RES Integration
This process is unstoppable in developed countries, but despite the odds and good preconditions we have in this region to a more active approach to green transformation, the process is moving insignificantly....
We are not Alone on the Path to Green Transformation
Less developed countries are torn between the struggle to preserve energy stability and the domestic economy on the one hand and the pressures imposed by the global energy transition on the other....
UK Government Boosts Space Tech Funding To Cut Carbon Emissions And Improve Energy Security
Funding for pioneering new space technologies will help to cut carbon emissions, improve energy security and enhance the UK’s reputation as a science superpower, the Business and Energy Secretary Kwasi Kwarteng announced...