Latest news
European Commission to enact potential nuclear power subsidies
The European Commission is set to enact new draft guidelines for subsidies to nuclear power projects.
read more... 23/07/2013
Daily: European carbon allowances trade beyond 4.20-euro resistance level
Brent crude traded above $108 on Tuesday, backed by a weaker dollar as investors were pending for U.S. crude inventory data for additional clues on the outlook for demand in the world’s largest oil consumer. Meanwhile, Brent crude oil futures rose 11 cents to $108.26 a barrel by 04:50 GMT. U.S. crude traded 15 cents up to $107.09 after retreating sharply on Monday from last week's 16-month high as traders sold to lock in profits.
read more... 23/07/2013
China: first in the world to achieve 3 GW of solar power
China becomes the first country in the world to hit the 3 GW solar power target. The Asian nation has built 40 new solar plants with over 1 GW of production capacity since December last year. China runs on a large 132-utility scale solar plants which places them closer to their goal of producing 15 GW by 2015.
read more... 23/07/2013
The future of nuclear in UK
Currently the UK has 16 reactors generating on average about 19% of its electricity and all but one of these will be retired by 2023.The country has a number of reactors which are currently reaching the end of their working life, and it is now unclear how they will be replaced.
read more... 22/07/2013
UK revealed it intends to create the most generous tax breaks in the world for shale gas producers
Britain's finance minister George Osborne has announced that Britain could become a leader in shale gas extraction as he intends to create world's "most generous" regime. He revealed that it plans to cut from 62% to 30% the tax on a proportion of production incomes, in a move which aims to encourage shale gas exploration.
read more... 22/07/2013