Europe’s transition to renewables has been a key factor in reducing its dependence on imported fossil fuels. The continent has made significant progress in this area, with the share of renewable energy in the EU’s final energy consumption rising from 17.5% in 2019 to 18.9% in 2020. Wind and solar energy have been the main …
Europe’s energy security situation improved a year after the first shock after Russia’s invasion of Ukraine. Despite Russia’s decision to cut gas pipeline supplies to Europe, the continent appears to be in a position to avert fuel shortages. It may be said that Europe had ended this winter more or less comfortably. Europe has been …
Europe’s energy security improves after a year of war in Ukraine Read More »
The U.S. energy industry experienced a decline in oil and natural gas rigs in February, with energy companies cutting the most oil and gas rigs in a single month since June 2020. This is according to data from energy services company Baker Hughes Co. The decline in the rig count is a leading indicator of …
U.S. drillers reduced the most oil and gas rigs in a single month since June 2020 Read More »
The Environmental Protection Agency (EPA) recently reported that emissions of harmful pollutants from U.S. power plants decreased in 2022 due to the industry’s shift from coal to natural gas. Despite a 2% increase in energy demand in the lower 48 states of the U.S. in 2022, nitrogen oxide and sulfur dioxide emissions decreased by 4% …
Switching from coal to natural gas reduced emissions in US power plants in 2022 Read More »
French fund manager RGREEN INVEST and investment adviser ECHOSYS INVEST said on Friday that a new investment fund with 87.5 million euros ($92.63 million) will finance solar power production across Africa, with a concentration on West and Central Africa. According to the announcement, the first close of the AFRIGREEEN Debt Impact Fund would fund on- …
French investment of 87.5 million euros to boost African solar power Read More »
Uber Technologies announced this week that it will launch electric vehicles (EVs) for ride-sharing in India. This is the company’s first step toward adopting cleaner vehicles as the Indian government pushes for increased electrification of shared mobility and public transportation. With plans to roll out 25,000 EVs over the course of three years, Uber is …
In the drive toward cleaner vehicles, Uber will launch EVs in India Read More »
The ocean is an immense source of renewable energy. It has the power to produce vast amounts of sustainable energy through the wave, tidal, and thermal energy sources. This energy can be used to power homes, businesses, and entire cities. Renewable energy is a rapidly growing industry as more and more people recognize the importance …
The power of the ocean: Immense renewable energy source Read More »
Europe emerges from a mild winter with gas storage near record levels. But it must prepare for another pricey race to tank energy sources on the global market. Europe faces another LNG race while renewables still cannot cover the majority of industry and household needs. Alas, even when fully occupied, the 100 bcm of storage …
Winter’s over: Europe has to tank LNG for the next one since renewables are not enough Read More »
Carlos Tavares, the CEO of Stellantis, referred to the portion of the so-called Euro 7 standards that tightens vehicle emission rules starting in 2025 for pollutants including nitrogen oxides and carbon monoxide as “useless” on Wednesday. The CEO stated that the portion of the legislation regarding emissions was likewise ineffective while outlining the automaker’s results …
Stellantis: New European auto emissions Euro 7 standards sucks Read More »
The cost of carbon emission permits on Tuesday reached a record high of 100 euros ($107) per ton in Europe’s carbon market, the oldest in the world. But who in Europe must pay the CO2 price, and what is ETS? The amount of CO2 emissions that a sector, or group of sectors, may produce is …
What is ETS and who must pay CO2 price in Europe? Read More »
