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China
China's 2050 Power Could Be Zero Carbon For Under 1% of GDP: Study
A new study in Nature Communications; Cost increase in the electricity supply to achieve carbon neutrality in China calculates the total new expenditure needed …
EU
Germany Says Borrowing More Money to Compete With the U.S. Would Be a ‘Threat’ to Europe
European Commission President Ursula von der Leyen said Sunday “new and additional funding at the EU level” will be needed to make European companies more com…
Crude Oil
Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway
Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…
Carbon Emissions
Heat Pumps Can Reduce Carbon Dioxide Emissions by 500 Million Tonnes by 2030, IEA Says
Additional annual investment of $160 billion until 2030 will be needed to meet global climate pledges.
EDF Signs for Additional 2 Billion Euros of Loans
Debt-laden power giant EDF has signed for a total of 2.2 billion euros ($2.28 billion) in new loans maturing in three years, provided financial breathing space …
OPEC
OPEC+ Meeting to Take into Account Market Conditions – Iraqi Official
The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq's state news agency quoted Saadoun Mohsen, a senior official …
United Kingdom
UK Could Add 1GW of Hydropower With Policy Support – Report
A report commissioned by the British Hydropower Association reveals hydropower can provide an additional 1GW of energy in the UK under the right policy framewor…
Nuclear Power Plant
California’s Last Nuclear Power Plant Gets $1.1BN Lifeline
The US Department of Energy (DOE) said it would conditionally provide California utility Pacific Gas & Electric (PG&E) with a $1.1 billion grant to help prevent…
United States
NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter
Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and …
Hydropower Plant
New Report Highlights Australia’s Massive Potential for Pumped Hydro
Researchers from The Australian National University (ANU) have released a detailed study outlining 1,500 additional locations across the country that could be u…
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 Car
COP27: U.S. In Talks With EU on Electric Car Tax Credits
The United States is listening to the concerns of European counterparts about the trade tensions triggered by the Biden administration's clean vehicle subsidies…
Carbon Emissions
S&P Global to Launch Carbon Intensity Assessments for Diesel, Gasoline and Jet Fuel
S&P Global Commodity Insights said on Wednesday it would launch the first carbon intensity assessments and daily carbon offset premiums for transportation fuels…
Brazil
EDP Brazil Shrinks Hydropower Portfolio in Favour of Solar
EDP Brazil said it believes in a future with more solar energy in its portfolio, in addition to more investments in distribution and transmission.
Smart Grid
EIB and Endesa Sign €250mn Smart Grid Credit Line
Endesa and the European Investment Bank (EIB) have signed a €250 million ($249.8 million) smart grid credit line to boost Spain’s distribution network.
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