Latest news
EIB accused of disadvantaging renewable energy in favor of fossil fuels
The European Investment Bank (EIB), the world's biggest lender to energy and climate action projects has been accused that it have doubled the funds given to fossil fuels between 2007 and 2010, while it has been allocated a slimmer support for the alternative energy.
read more... 09/12/2011
Centrica and Qatar sign a strategic alliance on oil and gas projects
The British energy company, Centrica, the owner of British Gas and the state-run oil company Qatar Petroleum International (QPI) have recently teamed up in an effort to collaborate on pursuing international energy investments. On Monday they signed a memorandum of understanding to invest in a set of new or existing oil and gas projects. The deal includes investments in liquefied natural gas, gas power turbines, and gas storage.
read more... 07/12/2011
Carbon trading schemes around the world
Companies and governments around the world are turning to emissions trading as a weapon to fight climate change and join a global carbon market worth $142 billion last year. Under cap-and-trade schemes, companies or countries face a carbon limit. If they exceed the limit they can buy allowances from others. They can also buy carbon offsets from outside projects which avoid greenhouse gas emissions, often from developing countries. Following is a list of established schemes.
read more... 07/12/2011
U.S. and European renewable market hit by subsidies cuts
Renewable energy projects in the United States and in Europe are hit by subsidy cuts, restricted access to financing and more competition which are hindering the emerging companies to accede on the energy markets.
read more... 30/11/2011
EU supports renewable projects in Arab deserts
The two biggest European consortiums, the German Deserted Industry Initiative (DII) and the French energy giant, Medgrid, focused their attention Thursday on the development of an ambitious renewable energy project in Arab deserts which consequently will provide power to customers in Europe, North Africa and in the Middle East.
read more... 25/11/2011