Latest news
Germany: Coal suppresses natural gas, wind output
It seems that Germany’s energy portfolio is not as green as thought. The share of coal in Germany’s electricity mix has soared to 52% in the first-half of 2013, suppressing the output from natural gas and wind turbines, according to data released by research organization Fraunhofer Institute (ISE).
read more... 18/07/2013
Germany's dependence on coal to continue for a long time
Germany intends to reduce reliance on imported oil and has started the phase-out of aging nuclear power stations, meanwhile the German government has adopted a target of achieving 20% of the country's energy share from renewable sources by 2020.
read more... 11/07/2013
Daily: European coal posts a slight recovery along with other markets
Brent crude oil futures increased above $103 a barrel on Friday, registering the first monthly hike in five months, after comments from Federal Reserve governors that the Fed is not hurrying to scale back its massive bond-buying program. Meanwhile, Brent crude oil futures added 18 cents to $103 a barrel by 02:51 GMT, after dropping to a session low of $102.44 earlier as investors sold off gains from the previous session. U.S. crude oil increased 11 cents to $97.16 a barrel.
read more... 01/07/2013
India to become world’s largest coal importer in 2014
India could become the world's main importer of coal for power stations by the next year as China burned the fuel in 2012 at the slowest pace since 2008 and is trying to shift to green energy alternatives, meanwhile India is burning coal at the fastest pace in the last 30 years.
read more... 01/07/2013
UK menaced by blackouts of power within 2 years
According to the energy watchdog Ofgem the risk of power blackouts in UK has doubled in the last year, as the country is facing an energy crunch which will cause an increase of the energy bills. The supply crisis is the result of Britain forcing old coal and oil plants to shut down supporting projects of new green wind farms and nuclear plants.
read more... 01/07/2013