Latest news
Ukrainian Naftogaz will receive 3.7 billion dollars loan from China
Ukraine’s national energy company Naftogaz will receive a $3.7 billion loan from China to finance a program to substitute natural gas with locally produced coal for a 19 year period.
read more... 27/12/2012
Coal generates 35% of UK’s electricity
Coal still plays an important role in UK’s electricity generation, as in the third quarter of this year, coal generated about 35 % of the UK's electricity, according to Government figures, at the same time as gas provided 28 %of electricity, and nuclear 22 %, while renewable accounted just under 12%.
read more... 21/12/2012
IEA: Coal to overtake oil as leading energy source by 2017
Coal is expected to surpass oil as the world’s top fuel in the next five years, according to a report issued by the International Energy Agency (IEA), posting a threat of more greenhouse gases injection into the atmosphere than ever before.
read more... 21/12/2012
Daily: European coal prices slip as German power hits 2.5-year low
Brent and U.S. crude oil futures declined for a third consecutive day in choppy trading on Wednesday, dragged down by uncertainty about U.S. budget negotiations aimed prevent tax increases and spending cuts. Meanwhile, Brent January crude eased by 36 cents, or 0.33 percent, to settle at $109.51 a barrel, having traded from $108.44 to $110.17 and U.S. January crude dropped 69 cents, or 0.79 percent, to settle at $86.49 a barrel, having traded from $85.36 to $87.34.
read more... 29/11/2012
China: Renewable energy accounts less than 1% in the most polluting country of the world
Even if China is the world's greatest carbon-emitting nation, with about 70 % of China's energy which is generated from coal, hydropower and nuclear accounts 29.3% of the remaining output, while renewable energy, accounts less than 1%, at 0.7%.
read more... 28/11/2012