Latest news
UK to stop funding coal- fired power plants overseas
Ed Davey, Britain's energy secretary, has announced on Wednesday that the UK, as the US, would stop funding coal projects in developing countries. The objective is to cut greenhouse gas emissions and to encourage low-carbon development. The announcement was made at United Nations climate talks in Warsaw where the fossil fuels have been at the centre of a storm. About 90% of the Poland's electricity comes from coal, and the government has been resistant to EU calls to strengthen emissions reduction targets.
read more... 21/11/2013
China’s power generation capacity to double by 2030
China is likely to more than double its generation capacity by 2030, with half of all new plants powered by renewable sources including large hydro, while coal will remain the most important fuel. China’s total power generating capacity would almost double by 2030 to 2.7 terawatts.
read more... 07/11/2013
Daily: UK prompt gas prices slip on oversupplied market
U.S. crude futures increased by nearly $2 a barrel on Wednesday, recovering from four-month lows, on surprisingly large declines in U.S. fuel supplies to narrow its spread with European Brent crude by more than $1. Meanwhile, Brent traded higher, supported by concerns about prolonged supply outages in Libya as the peak northern hemisphere winter heating season emerges.
read more... 07/11/2013
China to double natural gas consumption by 2015
The Chinese government has announced last month a new plan which deals with the air pollution problem. China intends to reduce the consumption of fossil fuels in its energy mix to below 65% by 2017, while in 2012 it recorded 66.8%.
read more... 30/10/2013
Fossil fuel energy consumption: between past and future
For the past couple of hundred years we have come to rely more and more on fossil fuels. Fossil fuels were and would continue to be an important source of energy worldwide. About 87 percent of the world's energy consumption is currently based on fossil fuels and is expected that they will continue that trend, accounting for 80% of all energy supply by 2040.
read more... 29/10/2013