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.

Over 500 Agreements to be Signed at Russian Investment Forum

14/02/2019 09:55:00

Over 500 agreements worth a total of 800 billion roubles are expected to be signed at the Russian Investment Forum 2019. This preliminary estimate is based on the information from the Forum participants and from open sources.

<READ MORE

Germany set to build LNG terminals amid European gas battle

14/02/2019 09:51:00

Germany will likely build 2 terminals to import LNG, Economy Minister Peter Altmaier said as Oilprice reported, in a move to appease the U.S. while Berlin also supports the Russia-led Nord Stream 2 gas pipeline, which has divided the EU member states in recent years.

READ MORE

Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low

13/02/2019 11:49:00

Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.

READ MORE