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Carbon Emissions
Reaching Climate Targets Relies on Swift Reduction of Global Coal Emissions: IEA
There are around 9,000 coal-fired power plants globally with a total capacity of 2,185MW.
Solar Cell
Breaking With Convention to Develop More Efficient Solar Cells
Photovoltaics, more commonly known as solar cells, are key to securing the energy transition and meeting net zero targets in the coming years.
Electricity Transmission
US Sets the Stage With $13BN Grid Modernisation Programmes
Washington has announced $13 billion in financing opportunities for the expansion and modernisation of the US electric grid.
LNG
U.S. Gas Prices Jump as Freeport LNG Targets Full Restart in March 2023
U.S. natural gas prices surged on the news that one of the largest U.S. LNG export terminals is targeting a complete operational restart by March 2023.
Crude Oil
Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head
Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …
Carbon Emissions
UK Sets Out Carbon Capture Plan
The UK government has published the UK’s first official CCUS framework that is expected to provide technical information to three major projects.
Floating Offshore Wind
Global Floating Wind Targets Falling Behind – Report
Targets for 2030 wind production from floating wind farms are set to be missed across the globe, according to the latest report from wind market analysts 4C Off…
Romania
Romanian Government Partially Regulates Energy Markets Until 2025
Romania's government changed its energy support scheme for households, small businesses and industry on Friday, partially regulating its power market until Marc…
Carbon Emissions
COP27: Biden Says US Will Meet 2030 Emissions Targets
During his speech at the climate summit, he said the government has put its money where its mouth is on climate change.
Energy Transition
Brookfield Bets $11.8 Billion on Australia’s Energy Transition
Brookfield Asset Management has led a consortium that looks set to acquire Australian utility Origin Energy for some $11.8 billion, a move that is seen as a way…
Crude Oil
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…
South Korea
South Korea, Saudi Arabia Eye Continued Cooperation for Energy Supply Chain
The two markets aim to collaborate on oil and hydrogen.
Energy Transition
Global Climate Pledges Lack Renewables Ambition Warns IRENA
Despite the Glasgow Climate Pact to upgrade 2030 targets in national pledges, the collective level of energy transition ambition to date is not enough.
Net Zero Emission
World Must Double Renewable Power Targets to Achieve Net Zero, Irena Says
Despite some progress, the transition is 'far from being on track', says Irena director general Francesco La Camera.
Electric Car
Uk’s First Large-Scale Lithium Site Gets Green Light
The Middlesbrough facility will put the UK on the map when it comes to processing the metal critical to EVs, phones and wind farms.
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