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Polish Energa is reviving a project to build a 1 GW coal-fired power plant with big bank backing

Many Western banks are divesting from the coal industry, nevertheless, Polish Energa fossil fuel project is funded through banks and the European Investment Bank. The main scope for Poland is to protect 80,000 jobs in national coal mines. Public opinion in the West is against the use of polluting fossil fuels. Pressure is high, like in December 2015 when Paris Agreement on climate change was promoted by U.N., society pledges to quit coal.

read more... 27/04/2017

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Canada, Mexico and Sweden join climate alliance

Sweden, Mexico and Canada have joined an international alliance to spur ambitious climate action.

read more... 26/04/2017

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Sweden: Geothermal energy to be used to heat Swedish homes

Vattenfall, one of Europe's biggest retailers and producers of electricity and heat, announced last week about the intention to use geothermal energy to heat homes of customers in Sweden.

read more... 25/04/2017

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Daily (25.04.2017): German spot electricity price rose by 195%

Oil prices slipped on Monday in line with Friday decline due to potential 30-years highest rate of Russian oil production in the absence of confirmation that OPEC will extend output cuts until the end of 2017.

read more... 25/04/2017

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UK - first coal-power free day in over a century, according to National Grid

Britain is set for its first day without electricity production from coal-fired power stations since the country's industrial revolution in the 19th century, as stated by power grid operator National Grid on Friday.

read more... 24/04/2017

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