fossil fuels

According to the Association of Swiss Electricity Companies (AES), record market prices mean that a majority of electrical supply companies will have to charge their customers higher prices in 2023.
  • May 22, 2022
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The report shows that renewables overtook fossil fuels as the number one power source in the EU for the first time in 2020, generating 38% of electricity, compared to 37% for fossil fuels. To date, 9 EU Member States have already phased out coal, 13 others have committed to a phase-out date and 4 are considering possible timelines. Compared to 2019, greenhouse gas emissions in 2020 fell by almost 10%, an unprecedented drop in emissions due to the COVID-19 pandemic, which brought overall emission reductions to 31%, compared to 1990.
  • October 30, 2021
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Australia has reported a 5% drop in carbon emissions last year. The reasons are manifold: rapid growth of the country’s wind and solar energy sector, pandemic-related lockdowns impacting the transport sector and a rise in the capture and storage of carbon emissions at the country’s massive LNG project, Gorgon.
  • May 31, 2021
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Danish energy giant Ørsted has entered into a Memorandum of Understanding with South Korean steel major, POSCO to support the development of offshore wind and renewable hydrogen production. Ørsted has planned multiple offshore wind projects off Incheon which lies at the northwestern coast of South Korea. With the MoU, Ørsted is confident of building and operationalising up to 1.6GW of offshore wind energy in the region.
  • May 29, 2021
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A study commissioned by Clean Energy Finance Corporation, a think tank backed by the Australian government has found that green hydrogen is rapidly approaching cost competitiveness in the transport sector. The report has been prepared by energy consultant Advisian, and states that green hydrogen could become a cost effective source of fuel for heavy trucking, buses and remote power industries by the end of this decade.
  • May 26, 2021
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Shell has recently agreed to sell its stake of 45% in an offshore gas field in the Philippines to Udenna, a local conglomerate that deals in petroleum and shipping. The deal was finalized for $460 million and in addition to stock ownership, including a deepwater license (Service Contract 38) that Shell acquired for exploration and development of natural gas resources.
  • May 22, 2021
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