Energy

Crude Oil

Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA

Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …

Energy Transition

COP27 Reignites the Debate About Carbon Credits

Some argue that a carbon credit scheme is an essential form of climate financing for developing countries, others argue that it could easily fall prey to green-…

Electric Vehicle Battery

The Tech Making Lithium-Ion Batteries Safer

Lithium-ion batteries are a key power source for modern technology, but there are some safety concerns.

Net Zero Emission

GE and IRENA Sign Collaborative Agreement at COP27 to Support the Global Climate Change Agenda

GE signed a framework agreement with the International Renewable Energy Agency (IRENA) to collaborate on a plan which will support both climate change and energ…

LNG

First Liquefied Natural Gas Exported From Mozambique

British energy giant bp is buying 100% of the output from the Coral Sul Floating LNG facility.

Carbon Emissions

US Launches $50M Pilot to Help Non-profits Make Critical Energy Upgrades

Organisation can purchase materials and implement building upgrades to decrease utility costs and help reduce carbon emissions in commercial buildings.

Energy Storage Battery

Giant Batteries to Be Built in Scotland

Zenobē will inject £750 million into battery storage projects

Offshore Wind Power

Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27

COP27 has seen nine new countries – including Belgium, Colombia, Germany, Ireland, Japan, the Netherlands, Norway, the UK, and the US – join the Global Offsho…

Net Zero Emission

IEA Calls to End New Coal as Climate Change Threats Rise

A new IEA special report provides an analysis of what it would take to bring down global coal emissions rapidly enough to meet international climate goals.

Net Zero Emission

U.S., Japan and Partners Mobilise $20 Bln to Move Indonesia Away From Coal Power

A coalition of countries will mobilise $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak em…

Net Zero Emission

Mexico Vows to Double Renewable Energy Capacity by 2030

Mexico has pledged to deploy a further 30 gigawatts in renewable energy capacity by 2030, the nation's Foreign Ministry said in a statement on Monday.

Carlyle Launches European Clean Energy Developer: ‘We Would Rather Build’

Private equity firm Carlyle Group Inc has formed a unit to build solar and other renewable energy plants as part of a push into creating infrastructure to addre…

Hydropower Plant

Comment: Hydropower Is the ‘Forgotten Giant’ of the Energy Transition

Eddie Rich, CEO of the International Hydropower Association and Pascal Radue, CEO of General Electric Hydro Solutions, explain why the often-overlooked hydropow…

Electric Car

EV Makers Burning Cash Due to Sky-High Raw Material and Production Costs

Many EV start-ups recorded huge losses in September quarter and warn high costs are here to stay due to surging inflation and global supply chain crisis.

Coal-Fired Power Plants

South Africa’s Energy Crisis May Last for Years

South Africa’s recent focus on coal-powered generation has led to a collapse of the country’s renewable energy manufacturers and power providers, and the curr…