South Korea curbs plans for renewables in push for more nuclear
South Korea will boost nuclear power generation and downgrade its plans for renewable energy as the nation overhauls its electricity mix to meet emissions reduction targets.
nuclear
Crumbling nuclear plant may fuel Philippines after 36-year delay
A nuclear power plant on the Philippines’ western coast has sat idle for nearly four decades, costing billions of dollars and never producing a watt of electricity. Now, it’s at the center of a debate over whether the nation should finally adopt atomic energy.
Government go ahead for Sizewell C nuclear power station
The Government is to press ahead with building a new nuclear power plant at Sizewell C in Suffolk, the Chancellor announced.
Biden, Jokowi unveil $20bn deal to end coal and speed up net zero push in Indonesia
US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
Grant Shapps: A look at the new business and energy secretary’s policy record
From energy rationing to onshore wind, the newly appointed business and energy secretary, Grant Shapps, has voiced opinions on a range of topics in the sector.
Sunak reinstates fracking ban in reversal of Liz Truss policy
Rishi Sunak has reinstated a ban on fracking in England, in a reversal of his predecessor Liz Truss’ policy.
UN manipulates climate change debate in partnership with Google
Melissa Fleming, UN under-secretary-general for global communications reported last month about how the UN has partnered with Google (NASDAQ:GOOGL) to manipulate search results on climate change. “We own the science,” said Fleming, who has no meaningful scientific training.
Nuclear plant braces as super typhoon barrels toward South Korea
A nuclear plant and industrial giants in South Korea began taking precautions with the most powerful storm in the nation’s history poised to make landfall early Tuesday, after disrupting ports and air traffic across China and Japan.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
Breakthrough technology investment key to solving energy trilemma
Surging oil and gas prices and European supply uncertainty resulting from Russia’s ongoing attacks on Ukraine are the latest examples of the challenges and risks of global fossil fuel dependency.
Newly elected Philippines President eyes renewables and nuclear as LNG prices soar
Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the Philippines, one of Southeast Asia’s fastest growing economies. The news comes as plans to import maiden liquefied natural gas (LNG) cargoes into the country have stuttered due to surging global prices.
Nuclear and renewables to edge out LNG in South Korea
A potential resurgence in nuclear power combined with increasing renewable energy capacity could see less liquefied natural gas (LNG) fueled power projects built in South Korea than previously anticipated.
Coal plus renewables will shape energy transition in Asia as $2.9tn in power investment eyed
The coal plus renewables energy transition led by Asia Pacific’s largest growth markets – China and India – is gathering speed. Significantly, it is a lot cheaper than the natural gas plus renewables path followed by the EU and US to lower emissions.
Big finance and activists slam ‘disappointing’ EU gas vote
Europe has botched an historic opportunity to create a global benchmark for sustainable investing after agreeing to treat gas as a green asset, according to bankers, investors, climate activists and their lawyers.
France seeks to nationalise nuclear giant EDF to ride out energy crisis
The French government will nationalise its financially-struggling nuclear giant Electricite de France to help it ride out Europe’s worst energy crisis in a generation.
Scotland’s nuclear debate lacks ‘detailed facts’ needed to ensure energy security
Obsolete and bad information is plaguing the debate around new nuclear power developments in Scotland, according to one of the UK’s leading energy lawyers.
Business sec says building nuclear power may increase energy bills
The Business Secretary has said the Government's nuclear power push may initially increase energy bills.
Transition needs set to energise China’s nuclear power sector
Nuclear power will play a crucial role in China’s decarbonisation drive with capacity set to expand 7% every year to 2035, according to S&P Global Ratings.
UK energy strategy to ‘breathe new life’ into North Sea and Net Zero
A commitment to North Sea oil and gas while ramping up nuclear, hydrogen and offshore wind, is at the heart of a new UK strategy to protect consumers from future surges in energy bills.
How ESG, and the wider energy industry, is being challenged by Russia’s invasion of Ukraine
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russia’s invasion of Ukraine, nowhere more so than in the energy sector, where companies have been forced by events to exit Russia abruptly and energy prices have soared to record levels.
The price for Europe to wean off Russian gas keeps going up
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminium scarce and more expensive.
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.
Most Japanese back nuclear for first time since Fukushima
For the first time in more than a decade, a narrow majority of Japanese now support restarting idled nuclear reactors, according to a poll in the country’s top business newspaper.
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.
Energy reality bites as Ukraine crisis unfolds
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.