Protecting the environment by reducing our dependency on fossil fuels

04/06/2010 15:32 Renewable


Nowadays, energy cost continues to grow and we should avoid an anticipated energy crisis by efficiently reducing our dependence on fossil energies.

In April, natural gas prices in France increased by 10% and are likely to grow by 4% in July. As for the electricity prices, EDF eventually sees electricity tariffs up 20%. As to may efficiently reduce our dependency on fluctuating and polluting fossil energies, by cutting CO2 emissions to a fourth by 2010, France could start with making its buildings “low energy consuming” and go for renewable energies which would become profitable in less than 11 years. As almost half resources of primary energy consumed in France are used for buildings and represent 23% of national CO2 emissions.

Russian company to initiate feasibility study of undersea gas pipeline in 2020

09/12/2019 09:01:00

Russian company Gazprom is set to initiate the feasibility study in the first quarter of 2020 for laying down undersea pipeline starting from Persian Gulf to Pakistan, India and Bangladesh initially that will ultimately end to China after touching Myanmar and Thailand, a senior official of the Petroleum Division privy to the development told The News.


Spain will hit 68% renewable power in 2030, but needs more flexibility - BNEF

09/12/2019 08:59:00

Spain will be able to meet 68% of its electricity demand with renewable energy by 2030 and 88% in 2050, according to a report co-authored by Bloomberg New Energy Finance (BNEF) and Spanish renewables and infrastructure group Acciona SA (BME:ANA).


Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output

06/12/2019 09:46:00

Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.