New EU package adopted on the sustainability criteria of biofuels

11/06/2010 09:20 Renewable


The European Commission adopted two Communications and a Decision June 10, encouraging industries, governments and NGOs to set up certification schemes on the sustainability criteria of biofuels, including the imported ones in the EU, as to aid reach the EU target in a sustainable way, the one of getting 20% of renewable energy from total energy consumption.

The new package is part of the Renewable Energy Directive implemented in December 2010. The Commission also highlighted the types of land not to be used in producing biofuels, which are tropical forests, recently deforested areas, drained peatland, wetland and highly biodiversity areas. The EU also pointed out its member states that only biofuels delivering high greenhouse gas savings of at least 35% as compared to fossil fuels, reaching 50% in 2017 and 60% in 2018 will count for reaching national renewable targets.

Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17:00

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.


Mongolia exports 32.3 million tons of coal as of first ten months

12/11/2019 10:35:00

Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.


NTT to spend 600 billion yen on own grids for power business

12/11/2019 10:25:00

Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.