Solar and wind are being installed at a rate that is three times faster than all other new electricity sources combined. This offers compelling market-based evidence that PV and wind are now the most competitive and practical methods for deploying new generating capacity
The European Union will ban imports of Russian oil products early next month, in a move to further punish Russia for its invasion of Ukraine, but one that could lead to tighter global supplies and higher prices for products such as diesel
Global oil demand is set to rise to an all-time high in 2023 as China relaxes its Covid-19 restrictions in a move that may push crude prices higher in the second half of the year, according to the International Energy Agency
politicians, Eurocrats and energy analysts. In the aftermath of Russia’s incursion in Ukraine last February the energy scene in Europe has changed radically following the decision by the USA and the EU to reduce Russian energy imports to a bare minimum.Most profound has been the substitution of Russian gas supply with increased LNG imports from the USA, Qatar and elsewhere and higher volumes,via pipeline, from Norway and Algeria
Both ExxonMobil and Chevron shift their area of focus to the Americas. The strategic spending plans mark the end of an era where oil companies would search globally for oil to add to their booked reserves. Since Covid-19, both oil majors are focusing more on shareholder returns and capital discipline
There’s barely time to catch our breath and take a short break before 2023 begins. In the meantime, here’s a chance to look back with the top picks of our content from 2022. As you can see in the list below, the most-read stories this year indicate that there’s a strong interest in the deployment of proven technologies in the form of lithium-ion and pumped hydro
Increase in coal use in Europe is expected to be temporary, with demand falling in advanced economies in the coming years but remaining robust in emerging Asia
The European Central Bank is worried about the potential risks to financial markets from an EU-wide cap on natural gas prices.
The bloc has been in intense discussions for several weeks over how to impose a limit on gas prices. The measure — designed to prevent sky-high costs for consumers — is proving controversial for Europe amid an acute energy crisis following Russia’s invasion of Ukraine
Every part of the part of Paris Agreement must be followed properly, the Czech Republic’s Deputy Environment Minister Jan Dusik said in comments to NE Global following the conclusion of the COP27 summit in Sharm El-Sheikh, Egypt earlier this month. “We need to see how we can advance on the global goal of adaptation; how we can fulfil the financial requirements and how we can come up with an architecture for losses and damages,” he said
A five-year Sandia Labs study of new solar module degradation found
that 13 of 23 tested module types would have effective lifetimes exceeding 30 years.
At a time when climate negotiations are shaped by concerns about the disparity between post-industrial countries in the Global North and emerging economies in the Global South, the United Nations COP27 in Sharm El-Sheikh, starting this weekend, will finally address compensation for nations and communities negatively impacted by climate change
Spot crude prices made large swings at the US Gulf coast during the October trade month amid a backdrop of shifting international supply and demand fundamentals
Domestic oil production remains nearly a million barrels per day (BPD) below the monthly record level set just before the Covid-19 pandemic caused production to plunge
The Regulatory Assistance Project, a global NGO, has proposed a mix of policy recommendations to build confidence in heat pump technology. Its proposed policies include economic incentives, new regulations, R&D support, training, and promotional initiatives
Unused capacity in global oil production has fallen to exceptionally low levels, contributing to the intense upward pressure on prices until very recently. Restoring spare capacity to more comfortable levels will require a business-cycle downturn, which is why a recession or at least a serious slowdown is inevitable
The US posted its strongest second quarter for grid-scale energy storage growth to date, but the sector is wrestling with fallout from supply chain and policy issues, according to a new report
Great Expectations, the title and message of Charles Dickens’s great novel, is most appropriate to describe the current situation in the EU where it’s leadership, once again, is demonstrating its great aspirational capacity but unable to factor in market reality.
The Covid-19 pandemic and resulting economic fallout have had a variety of impacts on the clean energy transition, with some sectors being more affected than others. Earlier this year, the International Energy Agency (IEA) warned of slowed progress towards sustainable energy goals due to Covid-19 and reversed progress in many areas crucial in reaching net zero, such as energy efficiency, clean cooking, or access to electricity
Norway is aiming to cut its emissions by 55 percent from 1990 levels by the end of the decade, an ambitious target for the world’s 13th largest oil-producing nation
Ukraine says Russia is waging a "gas war" against Europe, by once again reducing supplies into Germany. Since the invasion of Ukraine, Western countries have sanctioned Russian oil and gas, prompting warnings of retaliation from Moscow