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Ukraine continues to reduce gas imports from Russia

Ukraine intends to develop several gas routes from Hungary, Poland, Slovakia and Romania and to increase imports from EU countries as it want to reduce imports of expensive gas from Russia. Ukraine has pointed out that a cut in Russian natural gas acquires will be deeper next year than expected, amounting to 24.5 billion cubic meters (bcm).

read more... 19/08/2013

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The Czech government to end solar subsidies from 2014

The Czech Republic’s lower house of Parliament has voted on Friday to end subsidies for the renewable energy industry and to extend a tax on existing PV installations, starting from January next year, having the objective to reduce subsidies and to cut increasing power prices.

read more... 19/08/2013

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Daily: Crude oil close higher for sixth consecutive session on Egypt turmoil

Crude oil futures on both sides of the Atlantic closed higher for the sixth consecutive session on Friday, with Brent registering the largest weekly percentage in six weeks following worries about oil supply security in Egypt and Libya.

read more... 19/08/2013

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Carbon levels to their highest levels ever

According to the UN agency, CO2 levels have reached their highest throughout human history at 400 parts per million last week.

read more... 16/08/2013

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The nuclear energy problem of Japan

Since the Fukushima catastrophe in April 2011, nearly all of the country’s nuclear plants closed, leaving a significant capacity gap which has had to be filled with more coal, oil and gas which provoked substantial costs in both economic and environmental terms, as the price of power increased due to a sharp turn toward the use of fossil fuels.

read more... 16/08/2013

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