• Net Zero: Russia will replace all the U.S. oil Biden wants to ban

    • Date: 11/02/21
    • Bloomberg

    (Bloomberg) –U.S. President Joe Biden’s push to slash carbon emissions may inadvertently give a short-term boost to energy companies in one of the world’s biggest polluters. Investors are betting that Russian oil giants such as Lukoil PJSC, Rosneft PJSC and Tatneft PJSC will rally as they mop up market share from rivals in the U.S. […]

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  • Rising superpower India to overtake EU as world’s third largest energy consumer by 2030

    • Date: 09/02/21
    • Press Trust of India

    India’s oil demand is projected to rise by 74% by 2040, natural gas demand is expected to more than triple while coal demand is seen rising to 772 million tonnes in 2040 from the current 590. India will overtake the European Union as the world’s third-largest energy consumer by 2030, the International Energy Agency (IEA) […]

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  • Green jobs fiasco: Number of people employed in German renewables sector has halved since 2011

    • Date: 04/02/21
    • Clean Energy Wire

    The number of jobs in the German renewables sector (production and installation) has fallen from about 300,000 in 2011 to around 150,000 in 2018, the German Trade Union Association (DGB) found in an analysis of employment in the energy transition. The drop in employment is mostly due to the collapse of Germany’s solar power industry over […]

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  • China’s Coal Boom: New coal power plant capacity in 2020 grew more than 3 times rest of the World’s

    • Date: 03/02/21
    • Reuters

    SHANGHAI – China put 38.4 gigawatts (GW) of new coal-fired power capacity into operation in 2020, according to new international research, more than three times the amount built elsewhere around the world and potentially undermining its short-term climate goals.   The country won praise last year after President Xi Jinping pledged to make the country “carbon […]

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  • Siemens slashes 7,800 jobs for green transition

    • Date: 02/02/21
    • Yahoo Finance

    Siemens Energy announced plans to cut 7,800 jobs in its gas and power segment to improve its “long-term competitiveness” as it looks to focus on green energy. Its shares ticked up roughly 0.8% Tuesday morning. The company, which was spun off last year by German industrial giant Siemens AG (SIE.DE) and currently employs 90,000 people […]

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  • Europe welcomes Joe Biden: Norway awards oil and gas exploration rights to 30 firms

    • Date: 24/01/21
    • Reuters

    OSLO (Reuters) – Norway awarded 61 offshore exploration blocks to 30 oil firms in its latest pre-defined areas (APA) licensing round as it seeks to find more resources close to existing fields, Energy Minister Tina Bru said on Tuesday. Norway, which began to extract oil and gas from its offshore continental shelf 50 years ago, […]

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  • China’s energy dilemma: between green pledges and blackouts

    • Date: 23/01/21
    • Reuters

    HONG KONG – China’s President Xi Jinping has promised to turn the world’s largest consumer of fossil fuels into a carbon-neutral nation by 2060, but that might make it harder to keep the lights on. Widespread electricity rationing in December stoked fears of another harsh winter for the country’s households. A clunky grid monopoly is […]

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  • Europe to close down ageing nuclear power plants by 2030

    • Date: 17/01/21
    • Reuters

    Nuclear power capacity able to supply roughly 60 million homes is scheduled to close this decade as utilities struggle to replace northwest Europe’s ageing reactors, raising the risk of higher carbon emissions as fossil fuels plug the gap. Nuclear power provides around a quarter of the European Union’s electricity generation, with 15 of the 27 nations […]

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