France plans to phase out coal by 2021

29/01/2018 15:53 Coal


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.

Azerbaijan’s natgas exports up by 28%

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Azerbaijan’s natural gas exports showed a 28 percent increase year-on-year rising from 8.030 billion standard cubic meters in 2017 to 10.276 billion standard cubic meters in 2018, Trend reports citing OPEC Annual Statistical Bulletin.


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Daily (12.06.2019): EU carbon prices dropped by almost 1% due to a weaker energy complex

12/06/2019 09:47:00

Oil prices were flat on Tuesday, amid uncertainty regarding the agreement of Saudi Arabia and Russia to extend a crude output-cutting deal. Meanwhile, U.S.-China trade tensions continue to put pressure on demand for crude. As a result, Brent crude remained untraded at $62.29, while WTI futures edged 0.02% higher at $53.27 a barrel.