Latest news
Norway to nearly double carbon tax on offshore oil industry
Norway envisages doubling carbon tax on its North Sea offshore petroleum industry, boosting its funding for the prevention of deforestation in developing countries and launching a new climate and energy fund of £1bn, according to its draft 2013 budget.
read more... 12/10/2012
Iraq could overtake Russia as the world second largest oil exporter by 2030
Iraq has the potential to become the world’s second-largest oil exporter by 2030 and double its output by 2020, according to a study released by the International Energy Agency, overtaking even Russia in terms of exports.
read more... 10/10/2012
Poland downsizes planned cut in subventions for renewable energy
Poland has downsized its plan to cut feed in tariff for renewable energy from 9.7 billion zlotys to a total of 2.3 billion zlotys ($738 million) by the end of the decade, according to an updated draft bill on renewable published on Friday.
read more... 08/10/2012
Greece is sitting on offshore gas bonanza
Amid an endless recession and austerity, Greece is likely to hold offshore natural gas resources that could dramatically change country’s fate, according to a study presented to Prime Minister Antonis Samaras.
read more... 05/10/2012
Ireland will miss to meet the 2020 EU targets
According to the EU- funded “Sustainable Energy for the Rural Village Environment” (SERVE) project, Ireland is to miss its EU energy efficiency target by 2020. The project stated that about 90,000 buildings will need important improvements every year by 2020, even if this year less than 50,000 buildings undergo energy upgrades.If Ireland doesn’t reach its objective by 2020, it will have to pay severe penalties.
read more... 03/10/2012