France plans to phase out coal by 2021

29/01/2018 15:53 Coal

news

France made known about its intention to shut down all coal-fired power plants by 2021 to strengthen its stance in the fight against climate change.

Emmanuel Macron, the President of France, declared about his plan to fasten coal phase-out by two years.  His predecessor, Francois Hollande, initially set the deadline for switching to cleaner energy generation by 2023.


According to RTE, the French transmission system operator, coal represents only around 1% of the country’s electricity generation.


The initiative project is expected to provide a symbolic shift from fossil fuels to greener alternative, and also to help improve France’s economy by removing negative aspects such as the cost of pollution and damage to health.


As the price of clean energy constantly falls, more and more nations around the globe are committing to phase out coal in the next ten years.


Great Britain has emphasized its target to eliminate the consumption of the polluting fuel source by 2025.

Daily (15.04.2019): Brent crude climbed by 1% on upbeat Chinese economic data and tight global supply

15/04/2019 11:24:00

Oil prices added gains on Friday following a recovery in Chinese exports last month. The rising U.S. and euro zone bond yields to three-week highs and German growth forecasts also supported prices. Furthermore, involuntary cuts in Venezuela supply and Iran signaled another lift in prices. Brent crude hiked by 1% to $71.55 a barrel , while WTI futures rose by 0.5% to $63.89 a barrel.

<READ MORE

Novovoronezh II-2 cleared for launch

15/04/2019 09:03:00

Unit 2 of the Novovoronezh II nuclear power plant in southwest Russia started the process of physical launch yesterday after having received regulatory approval to do so, Rosenergoatom, the operator subsidiary of state nuclear corporation Rosatom, has announced. The VVER-1200 reactor was brought to the minimum controlled power level on 22 March.

READ MORE

Hungary Offers to Buy 25% of LNG Terminal on Krk

15/04/2019 08:59:00

The Hungarian government has made an offer to buy 25 percent of a LNG terminal that is to be built in Croatia, Hungarian Foreign Minister Peter Szijjarto told journalists in Dubrovnik on Friday, according to MTI news agency.

READ MORE