Latest news
Coal to become the main fuel in Southeast Asia by 2035
According to the International Energy Agency, in the Southeast Asia region coal will overtake natural gas as the main power generating fuel by 2035, with its share growing to 49% from current 31% while the share of gas will fall to 28% from 44%. It is expected that the region will depend even more on oil imports in the next 20 years due to a rapidly rising energy demand.
read more... 02/10/2013
The world will continue to depend on coal
According to a report released by the International Energy Agency, coal will be the most used fuel worldwide by 2030 as developing countries are powering the rapidly increasing cities and rural areas where billions of people have had no power.
read more... 01/10/2013
China to ban new coal plants around Beijing
Last week China has announced that it will ban the construction of new coal power plants in three regions near Beijing, Shanghai and Guangdong, in a move which aims to reduce the consumption of coal below 65% of total power generation by 2017, in comparison to 70% currently, and to reduce country’s air pollution.
read more... 30/09/2013
U.S on the right way to meet its 2020 carbon emissions target
The U.S. has hit an important milestone in the reduction of GHG emissions. The U.S. State Department has announced recently that the U.S. is on the right way to reduce its emissions of greenhouse gases by 17% by 2020 if it endorses the proposed rules to cut pollution from power plants and curbs methane leaks.
read more... 27/09/2013
Daily: European spot power prices drop on weaker demand, higher German solar power output
Crude oil prices traded higher on Thursday in light trading even if political worries eased and the supply outlook improved, as traders sought bargains after considerable losses earlier this month. Brent oil rose 89 cents to $109.21 a barrel, while U.S. crude futures boosted 37 cents to $103.03 a barrel, its first day of gains following five consecutive sessions of losses.
read more... 27/09/2013