Energy Transition

With Its Strong Investment Cycle Turkey Plans Strategic Position in Energy Transition

Turkey is making significant progress in the energy transition with a share of the total energy mix of about 40% in renewable energy sources. Turkey’s geographical location, favorable weather conditions, and territorial potential provide suitable conditions for investment in renewable energy sources. In addition, the country has a solid energy infrastructure. Perhaps one of the …

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green hydrogen

Investments in Green Hydrogen Will Provide Significantly Larger Quantities after 2030

German Economy Minister Robert Habek has called for a reduction in the country’s gas consumption after Russia cut gas supplies to the European Union in response to sanctions imposed by the Union. According to him, it is possible for entire industries to stop due to a lack of gas. The reduction of Russian gas imports …

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The EU Council has adopted a target that by 2030, 40% of the energy consumed by the block will be generated from renewable energy sources.

EU Plans to Get 40% Of Its Energy from Renewable Sources by 2030

The EU Council has adopted a target that by 2030, 40% of the energy consumed by the block will be generated from renewable energy sources. The two directives on which the Council took positions today, June 27, are the Renewable Energy Directive and the Energy Efficiency Directive. Energy production currently accounts for 75% of emissions …

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The abrupt shift to green energy will make society "pay a heavy price," Exxon Mobil CEO Darren Woods told CNBC.

Society Will Pay Dearly for a Sharp Transition to Green Energy, Head of Exxon Mobil Warns

The abrupt shift to green energy will make society “pay a heavy price,” Exxon Mobil CEO Darren Woods told CNBC. Woods warned governments against policies that fail to balance the current demand for affordable energy with the need to reduce emissions. In his opinion, insufficient investment in the oil and gas industry correlates with higher …

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All three coal-fired power plants in the Netherlands will soon operate at full capacity due to gas shortages in the coming winter

Netherlands to Remove All Restrictions on Coal-Fired Power Plants by 2024

All three coal-fired power plants in the Netherlands will soon operate at full capacity due to gas shortages in the coming winter, the newspaper Het Financieele Dagblad reported. According to the publication, the Dutch government is already preparing amendments to the legislation necessary to bring facilities to full capacity. On Jan. 1, rules came into …

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