Countries would not face a surge in fossil fuel prices if the world had been actively investing in renewable energy sources over the past two decades, UN Secretary General António Guterres said in a recent interview. Most European countries, against the backdrop of record high prices for electricity and gas, are returning to using coal …
The joint-stock company Latvenergo will cooperate with German energy company RWE on the development of offshore wind farms, Latvenergo Chairman of the Board Mārtiņš Čakste announced on Friday. The company said that the collaboration with RWE, the world’s second-largest offshore wind farm development company and the third largest renewable energy company in Europe, was launched …
RWE, Latvenergo To Develop Offshore Wind Farms in a Joint Project Read More »
Ireland has begun construction of the giant Shannonbridge B battery, which will keep the entire country’s electricity supply in the event of a power outage, local media reported. The high-tech project worth 130 million euros was jointly developed by Lumcloon Energy (Ireland) and Hanwha Energy (Korea). For the first time in the world, they will …
Ireland To Build Giant Battery That Can Support Its Electricity Network Read More »
The German government is seeking independence from Russian gas; therefore, it is now focusing on transitioning to alternative energy sources and using new solutions. Recently, the German cabinet decided to simplify the installation of solar panels. The corresponding proposal, which came from Finance Minister Christian Lindner, was approved by the Cabinet of Ministers. In general, …
German Authorities Simplify Procedure for Solar Panels Installation Read More »
Tech giant Samsung is investing $5 billion in environmental initiatives and programs to eliminate a large amount of emissions from its factories and operations and eliminate its direct environmental pollution by mid-century. The world’s largest maker of home appliances, gadgets, smartphones, and memory chips from South Korea plans to eliminate carbon emissions as the negative …
An Oxford University study found that switching from fossil fuels to renewables could save $12 trillion by 2050. According to the analysis, the claim that a quick transition to cleaner energy sources will be costly is inaccurate and pessimistic. Growing concerns about energy availability have led to higher gas prices. However, the researchers argue that …
Increased Renewables Use Could Save $12 Trillion Read More »
African ministers of finance, economy and environment, meeting in Cairo two months before the COP27 climate summit, have called for a dramatic increase in climate finance in opposition to a sharp phase-out of fossil fuels. Oil and gas producer Egypt, considered highly vulnerable to climate change, is positioning itself as a champion of Africa’s interests …
African Countries Need Money To Fight Climate Change, Officials Warn Read More »
From the beginning of this year, Chinese companies have been facing several difficulties in international communications, including transportation, which was caused by pinpoint outbreaks of COVID-19. However, despite all the difficulties, the development of new energy projects in Kazakhstan continues. One such example is an upcoming 50 MW photovoltaic power plant, self-invested by the largest …
Chinese Companies Aid Kazakhstan With Renewable Energy Projects Read More »
Climate policy, not climate change, has impacted thousands of businesses around the world, affecting the lives of millions of people, which many analysts believe could lead to an economic collapse that will surpass the financial crisis of 2008, experts claim. According to the Wall Street Journal, the energy crisis is the starting point of a …
Climate Policy Could Push Europe Into a Recession Read More »
There is potential for the expansion of the Southern Gas Corridor and if a decision is made on this, the EBRD would be happpy to cooperate with Azerbaijan, the president of the European Bank for Reconstruction and Development (EBRD) Odile Renault-Basso said during her visit to the country. “Historically, we have had very fruitful cooperation …
EBRD Ready to Work With Azerbaijan and Expand the Southern Gas Corridor Read More »
