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Electric grids need major upgrades to aid global energy transition
Modern electricity grids that can optimize clean power production from a constantly changing flux of renewable and fossil energy sources will play a vital role in enabling global energy transition efforts.
read more... 31/03/2023
Record $63 billion raised from carbon allowance sales in 2023
Governments globally raised a record $63 billion from the sale of carbon allowances in emission trading systems in 2022, as many countries increased ambitions to cut pollution despite record high energy prices following Russia’s invasion of Ukraine, a report said on Wednesday.
read more... 22/03/2023
Daily (14.03.2023): Oil prices fell by about 2% on Monday amid bank collapse jitters
Crude oil prices decreased on Monday following last week’s bank collapse in the US, which caused an overall sentiment of concern on the global financial markets. Hence, Brent crude declined by $2.01, or 2.4%, to $80.77 per barrel. Meanwhile, WTI crude dropped by $1.88, or 2.5%, to settle at $74.80 per barrel.
read more... 14/03/2023
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Poland votes on wind farms as global firms urge easing of rules
The Polish parliament will decide on Thursday whether to adopt some of Europe’s strictest rules on developing wind farms amid expectations of backtracking on a proposal that had aimed to double existing capacity.
read more... 10/03/2023
Renewables added 66GW to global grid in 2022
Renewables and clean energy projects added nearly 66GW to the global power grid in 2022.
read more... 06/03/2023