India turns to expensive foreign LNG to ease a power crisis
Sweltering heat and ongoing blackouts are forcing India’s liquefied natural gas (LNG) importers to top up with expensive shipments.
coal
CCS adoption in Southeast Asia highly unlikely, reports IEEFA
Widespread adoption of carbon capture, utilisation and storage (CCUS) technologies in Southeast Asia remains highly unlikely, according to the latest findings from the Institute for Energy Economics and Financial Analysis (IEEFA).
Global energy spending will hit record over $2 trillion in 2022, says Rystad
Surging oil, gas, and power prices, together with the European Union (EU)’s goals of becoming less dependent on Russian supplies, and post-Covid-19 pandemic inflation, will catapult global energy spending this year to a record $2.1 trillion. Significantly, similar levels of spending have not been seen since 2014, Rystad Energy research shows.
Uncertainty for South Korea LNG imports as nuclear energy embraced
Following presidential elections earlier this month, energy-short South Korea looks set to pivot back towards nuclear power, leaving the outlook for liquefied natural gas (LNG) imports less certain.
‘Not so turn off and onable’
Back in the 1990s, a talking tortoise advertised power for British homes, with the famous slogan 'it's got to be easily turn off and onable.'
War complicates Russia’s role in supplying energy to China
China and Russia’s trade relationship has become more complicated since the war started more than three weeks ago, raising questions about the future flow of energy between the two powerhouses.
UK exploring using coal to help keep lights on next winter
The UK held exploratory talks with Electricite de France SA about the possibility of keeping the West Burton A coal-fired power plant generating beyond the end of September, when it’s due to close.
Sanjoy Sen: West needs to challenge its long-held beliefs on energy
On the 24th February, the first of many Russian tanks rolled into Ukraine. And as Brian Wilson noted last week, some uncomfortable realities have kicked in here and across Europe.
RWE suggests coal as short-term saviour for Germany
RWE has flagged energy security concerns as driving the need for more green business – although raising the prospect of restarting coal power plants in the near term.
LNG imports will not save Europe if Russia cuts all gas flows
If the disruption to Russian gas deliveries spread beyond flows through Ukraine to include all Russian pipeline exports to Europe, liquefied natural gas (LNG) imports alone would not be able to meet the shortfall and additional supply levers would be required, the latest analysis from IHS Markit shows. Under such an extreme scenario mothballed coal and nuclear power would need to be restarted.
Japan is backing oil and gas even after COP26 climate talks
It’s been less than a month since world leaders pledged to combat climate change at the COP26 summit in Glasgow, yet Japan is already showing signs of putting the brakes on divestment from fossil fuels.
Woodside’s $12 billion gas project is sparking a new climate debate
A $12 billion liquefied natural gas (LNG) investment approved in Australia leads a wave of projects betting demand will rise as the world shuns more polluting alternatives like coal.
Scottish funds expert to support coal phaseout in South-east Asia
As COP26 draws to a close today and Glasgow bids farewell to international leaders, business leaders and global environmental campaigners, we have to hope that the commitments made over the last two weeks will be delivered in full (or exceeded) and to the agreed timescales.
Countries urged to boost emissions cuts and phase out fossil fuel subsidies in draft COP26 deal
A first draft of a deal for COP26 calls on countries to strengthen their emissions-cutting plans in the next year in a bid to keep a goal to limit warming to 1.5C within reach.
Investors pushed mining giants to quit coal. Now it’s backfiring
It was supposed to be a big win for climate activists: another of the world’s most powerful mining companies had caved to investor demands that it stop digging up coal.
20 nations join COP deal to end foreign fossil fuel funding
The UK has corralled about 20 nations including the US, Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries.
Developed nations ‘will deliver $100bn climate target next year’, says John Kerry
Richer nations will be able to deliver 100 billion dollars of climate finance to developing countries every year from 2022 - a year earlier than expected, US envoy John Kerry has said.
COP26: Push to end coal use unveiled but warnings over ‘glaring gaps’
Countries are setting out efforts to end coal power after 250 years at Cop26 - but concerns have been raised about the absence of major polluters in the move.
India’s COP26 targets boost outlook for renewables growth
New climate targets announced at the COP26 summit by Indian Prime minister Narendra Modi look set to boost renewable energy growth. However, India’s insatiable demand for electricity will keep the market highly reliant on coal power, posing challenges to the country's decarbonisation plans, according to Fitch Solutions.
ADB, Indonesia, Philippines, team up to replace coal with cleaner power
The Energy Transition Mechanism (ETM) Southeast Asia Partnership, which aims to accelerate the retirement of existing coal-fired power, is the first of its kind in Asia Pacific and aims to help fast-forward Southeast Asia’s clean energy transition.
Fossil fuel production to soar over next decade, warns UN climate report
Countries are planning production of oil, coal and gas over the next decade at levels that is "dangerously" out of sync with targets to curb climate change, the UN has warned.
India can do more on climate by 2030 even as it snubs net-zero
India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions.
Early freeze across China adds to the nation’s energy crisis
Plunging temperatures across parts of China have sparked an early start to the winter heating season, likely lifting power demand and intensifying the nation’s energy crisis.
UK coal-power generation rises to one-month high as wind fades
UK coal-fired power generation jumped to the highest in a month, with wind generation slumping just as morning demand picked up.
China raises coal and gas imports to counter energy crisis
China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand.