• Batty Batteries Increase CO2 Emissions

    • Date: 24/07/18
    • Vox

    Energy storage is considered a green technology. But it actually increases carbon emissions. Energy storage (batteries and other ways of storing electricity, like pumped water, compressed air, or molten salt) has generally been hailed as a “green” technology, key to enabling more renewable energy and reducing greenhouse gas emissions. But energy storage has a dirty secret. […]

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  • King Coal To Rule For 20 More Years, Says Australia’s Energy Market Operator

    • Date: 23/07/18
    • The Australian

    The nation’s independent energy market operator has called for Australia’s fleet of coal-fired power plants to be operated for as long as possible to prevent a future price shock in the transition to renewables, claiming the ageing plants will still deliver the cheapest electricity for the next 20 years. In a report commissioned by COAG […]

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  • Solar Slashed

    • Date: 22/07/18
    • Bloomberg

    As subsidies end, solar power expansion slashed Anyone following clean energy knew this could be a tough year for solar. Goldman Sachs Group Inc. just put a grim number on how bad. The pace of global installations will contract by 24 percent in 2018, Goldman analysts led by Brian Lee said in a research note late Wednesday. […]

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  • Crazy FITs may come to an end

    • Date: 20/07/18
    • Andrew Montford, GWPF

    Government looks to end feed-in tariffs The government has launched a consultation on the ending of the feed-in-tariffs (FITs) scheme for small-scale renewables. Launched in 2010, in the dying days of the last Labour government, FITs were designed to hand absurdly inflated rewards to green-minded members of the middle classes for electricity generated from solar […]

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  • North Sea oil field to keep producing for decades

    • Date: 18/07/18
    • Paul Ward, The Scotsman

    One of the North Sea’s most complex developments will continue to produce oil and gas for another 20 years, operators have said. The Eastern Trough Area Project (ETAP) is made up of multiple fields sharing a central processing facility. It opened 20 years ago and is now expected to operate into the mid to late […]

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  • China’s Coal Imports Booming

    • Date: 14/07/18
    • CNBC

    China’s demand for the fossil fuel for electricity generation has surpassed expectations. The commodities sector has been hit by escalating trade tensions  between  Washington  and  Beijing, but coal is bucking that trend as China’s demand for the fossil fuel remains high. Benchmark Australian thermal coal prices have risen 40 percent this year so far, breaking through $120 per metric ton for […]

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  • U.S. Is Set to Become World’s Top Oil Producer, Government Says

    • Date: 12/07/18
    • Bloomberg

    The U.S. government sees oil production further climbing next year even amid transportation logjams in the country’s most prolific shale play. The Energy Information Administration sees U.S. crude output averaging 11.8 million barrels a day in 2019, up from its 11.76 million barrel a day estimate in the June outlook. “In 2019, EIA forecasts that […]

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  • In Ironic Twist, Green Energy Drive Creates Asian Coal Boom

    • Date: 10/07/18
    • Nikkei Asian Review

    Coal, one of the world’s most polarizing commodities, has now become an Asian irony. Efforts to curb use of the so-called black diamond in the West have been a boon for coal companies in the East, more so now that the benchmark price for thermal coal exceeded $120 per ton in July, the highest since 2012. No one was surprised […]

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