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Hydropower in Switzerland
Currently in Switzerland there are 556 hydropower plants which are able to generate more than 35,380GWh per year. Hydroelectricity is the most important domestic primary source of energy, producing about 60% of Swiss electricity.
read more... 22/11/2013
UK to stop funding coal- fired power plants overseas
Ed Davey, Britain's energy secretary, has announced on Wednesday that the UK, as the US, would stop funding coal projects in developing countries. The objective is to cut greenhouse gas emissions and to encourage low-carbon development. The announcement was made at United Nations climate talks in Warsaw where the fossil fuels have been at the centre of a storm. About 90% of the Poland's electricity comes from coal, and the government has been resistant to EU calls to strengthen emissions reduction targets.
read more... 21/11/2013
EU is likely to approve law on CO2 backloading
European Council has approved the EU’s plan to remove some of its heavy surplus of carbon emission permits from the market, moving a step closer to achievement of a long legal process.
read more... 21/11/2013
Italian Eni sells its 29% stake in Russian gas venture
Italian energy giant Eni has announced on Wednesday that it had decided to sell its 29 percent stake in Russian natural gas producer SeverEnergia to Yamal Development. Yamal Development is a 50/50 Joint Venture between Novatek and Gazprom Neft.
read more... 21/11/2013
Daily: German, French power contracts diverge at 11.50 euro gap
Brent crude oil boosted by more than $1 a barrel on Wednesday after an American official said it would be "very hard" to reach a nuclear agreement with Iran this week. U.S. oil prices dropped late in session after the U.S. Federal Reserve suggested it may increase its monetary stimulus program, a move that could hit oil demand.
read more... 21/11/2013