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Saudi Arabia aims to be world’s largest renewable energy market

Posted on 18 July 2013 by VRS  |  Email |Print

Saudi Arabia aims to become the world’s foremost market for renewable energy with an aggressive investment budget of $109 billion. By 2032, the country strives to generate as much as a third of the Kingdom’s energy demands using renewable energy (54 GW).
Following the publicity surrounding the country’s major investment drive, King Abdullah City for Atomic and Renewable Energy (KACARE) released a series of documents detailing the revised National Energy Plan. In addition to the 41 GW of solar power, 25 GW of CSP and 16 GW of PV, the Kingdom is aiming to generate 18 GW of nuclear energy, 3 GW of waste to energy, 1 GW of geothermal and an additional 9 GW of wind power, specifically for water desalination plants………………………………………..Full Article: Source

IEA: Global renewable energy expanding fast

Posted on 15 July 2013 by VRS  |  Email |Print

Renewable energy is growing fast around the world and will edge out natural gas as the second biggest source of electricity, after coal, by 2016, according to a five-year outlook published Wednesday by the International Energy Agency (IEA).
Developing countries are building more wind, solar and hydroelectric power plants to meet rising power demand and combat local pollution problems. And the costs of renewables are falling below the cost of traditional power sources such as coal, natural gas and oil in some markets with high-priced power………………………………………..Full Article: Source

It’s time our policies reflect the fact that energy and water are fundamentally intertwined

Posted on 12 July 2013 by VRS  |  Email |Print

When I tell people that the best way to conserve energy is to conserve water, I am often faced with a confused response. I’m not surprised really. Energy and water policies are rarely discussed in the same forum.
For a long time, we’ve overlooked the inextricable relationship between water and energy use. Coal, nuclear and natural gas plants use enormous amounts of steam to create electricity. Producing all of that steam requires 190,000 million gallons of water per day, or 39% of all freshwater withdrawals in the nation………………………………………..Full Article: Source

Wind to double and solar to triple in 6 years, says IEA

Posted on 11 July 2013 by VRS  |  Email |Print

The headline summary of the new Medium-Term Renewable Energy Market Report 2013 from the International Energy Agency (IEA) has been well reported: Renewables will surpass natural gas for electricity generation globally by 2016, doubling nuclear output and coming in second only to coal in power generation.
Total renewable capacity is expected to grow from 1,580 gigawatts in 2012 to 2,350 GW in 2018, while renewable electricity generation grows from 4,860 terawatt-hours to 6,850 terawatt-hours. Renewable generation will be 50 percent greater over the six-year forecast period than it was over the six years from 2006 to 2012………………………………………..Full Article: Source

Can Germany afford its ‘energy bender’ shift to green power?

Posted on 10 July 2013 by VRS  |  Email |Print

Germany’s rapid transition to renewable energy is said to be the country’s biggest and most expensive project since the fall of the Berlin wall - but with rising costs for consumers and industry, will this great energy experiment succeed?
The powerful whiff of farmyard manure can’t dim the smiles on people’s faces in the German village of Juehnde. Located in the heart of the country, this rural community is home to Germany’s first energy co-operative that started in 2005. The co-op generates electricity from solar panels and from a biogas plant that mixes locally grown grain and locally sourced farm waste………………………………………..Full Article: Source

Solar power to be main energy source by 2017

Posted on 04 July 2013 by VRS  |  Email |Print

Gulf countries are increasingly turning their focus toward clean renewable sources of energy for their power generation, with solar energy set to emerge as one of the region’s main sources of energy by 2017. Already solar power installation projects worth approximately $ 155 billion are in the pipeline with capabilities to generate more than 84 GW of power.
The Gulf countries will be addressing some of the main challenges related to the deployment of energy projects in desert terrain at a high-level industry summit in Dubai later this year………………………………………..Full Article: Source

U.S. is not waging ‘war on coal’: Energy secretary Moniz

Posted on 01 July 2013 by VRS  |  Email |Print

The U.S. government is not waging a “war on coal” but rather expects it to still play a significant role, U.S. Energy Secretary Ernest Moniz said on Sunday, rejecting criticism of President Barack Obama’s climate change plan.
Obama tried last week to revive his stalled climate change agenda, promising new rules to cut carbon emissions from U.S. power plants and other domestic actions including support for renewable energy………………………………….Full Article: Source

Second wind: Renewable energy down but not out

Posted on 01 July 2013 by VRS  |  Email |Print

This week, two events occurred that could point to a new second wind for the battered alternative energy sector—which has been on its heels for much of the last couple years. First, President Obama unveiled a broad swath of measures to combat carbon emissions, including new funding for clean energy technology and setting a goal to double the amount of electricity generated by wind and solar.
Second, the International Energy Agency (IEA) released a report forecasting that renewable energy—wind, solar, biofuels and the like—will eclipse natural gas and nuclear as a source of electricity by 2016………………………………….Full Article: Source

Clean energy to run past nuclear, gas by 2016: IEA

Posted on 27 June 2013 by VRS  |  Email |Print

Renewable power will eclipse natural gas and nuclear as a source of electricity by 2016, with the sector expected to surge by 40 percent in the next five years, the International Energy Agency said Wednesday.
Even as governments curtail public subsidies and tax credits for hydro, wind and solar projects, the IEA study cited renewables as “the fastest-growing power-generation sector” and said it expects them to comprise a quarter of the world’s power mix by 2018………………………………………..Full Article: Source

Renewable energy use gaining worldwide:IEA

Posted on 27 June 2013 by VRS  |  Email |Print

Renewables like solar and wind power represent the fastest-growing source of energy generation and will make up a quarter of the global power mix by 2018, the International Energy Agency IEA says.
The IEA said that in 2016 renewable energy will overtake natural gas as a power source and will be twice that of nuclear, and second only to coal as a source of power. The growth of renewables has been bolstered by increased competitiveness with conventional energy………………………………………..Full Article: Source

Coal industry, target of Obama rules, expands exports

Posted on 26 June 2013 by VRS  |  Email |Print

While President Obama aims to crack down on coal-fired power plants, the coal industry finds lucrative and booming markets abroad, even in developed countries such as Germany and Japan.
The U.S. coal industry, under increasing pressure at home after President Obama’s call Tuesday for tougher anti-pollution rules, is ratcheting up a more promising part of its business: exports………………………………………..Full Article: Source

Gas in the ‘Golden Age’, says IEA, but cuts forecast

Posted on 21 June 2013 by VRS  |  Email |Print

The International Energy Agency said yesterday that natural gas was enjoying “a golden age” even if the growth in output over the next five years will be a lower-than-expected 2.4% instead of 2.7% forecast earlier.
The IEA’s Medium-Term Gas Market Report pointed out that shale discoveries in North America and China’s attempts to ease its reliance on polluting coal were boosting the relatively clean energy resource’s prospects………………………………………..Full Article: Source

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World Energy Council seeks level playing field in tariffs

Posted on 21 June 2013 by VRS  |  Email |Print

So as to attain a sustainable energy future, captains of energy industry and government officials will converge at the World Energy Congress taking place in Daegu, South Korea, from 13 to 17 October 2013. Raising some of the key issues of tariffs and subsidies by the countries, World Energy Council has called for a transformation to move to better and new technologies.
“Countries and regions need to recognise that we will all benefit from a level playing field in respect of tariffs and subsidies which will reduce the massive cost involved in this transformation and the take-up of the much needed new technologies to encourage a more diversified energy mix,” commented Christoph Frei, Secretary General of the World Energy Council………………………………………..Full Article: Source

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IEA deputy head: China to remain leader in global demand for energy

Posted on 20 June 2013 by VRS  |  Email |Print

China will remain the main leader in the global demand for energy resources in the coming years, deputy executive director of the International Energy Agency (IEA) Richard Jones said.
“We expect the rate of increasing demand for hydrocarbons to slow in the coming years,” Jones said at the third International Oil and Gas Conference ‘The Caspian Sea shelf development’ in Atyrau today. “However, China will still be the main leader in the global demand for energy resources. We expect its demand for energy resources will reach 12 million barrels per day in the coming years.”……………………………………….Full Article: Source

China’s waning coal era

Posted on 19 June 2013 by VRS  |  Email |Print

A recent report in the People’s Daily that Beijing city will eliminate all large scale coal boilers within the city center by 2015 is another sign of the shifting winds in global commodity and asset markets. The move is certainly a self-interested one on the part of China’s new leaders, who breathe the same filthy air as the proletariat when they leave the carefully filtered confines of their private compound in Zhongnanhai.
But the broader message is clear. As we argued in a previous comment on Commodities: This is Structural, the age of coal-powered and heavy industrial led growth in China is over. Slower, less electricity intensive, and cleaner growth is bad news for bulk commodity producers and shipping stocks. But the winners will also be many………………………………………..Full Article: Source

America enjoys oil rush as world switches to other energy sources

Posted on 17 June 2013 by VRS  |  Email |Print

The peak oil theory, which states that we have passed the moment of maximum global oil production, was described 40 years ago by Marion Hubbert, a former Royal Dutch Shell geophysicist. However, once again, human innovation has saved the day.
Unconventional oil, such as the Canadian oil sands, shale oil deposits in North Dakota and Texas and deepwater drilling in Africa and South America have helped to bolster global energy supplies……………………………………..Full Article: Source

IEA cuts demand forecast for OPEC crude as China cools

Posted on 13 June 2013 by VRS  |  Email |Print

The International Energy Agency trimmed demand forecasts for OPEC’s crude in the second half of the year amid signs of slowing growth in China as output from the producer group rose to a seven-month high.
The Organization of Petroleum Exporting Countries will need to provide an average 29.8 million barrels a day in the second half, the IEA said today in its monthly market report, lowering its assessment from the previous report by 200,000. That would require OPEC to cut output by 1.1 million barrels from the 30.9 million it pumped in May, according to the report. The agency kept its global oil demand estimates for this year unchanged………………………………………..Full Article: Source

The coal in the wind turbine

Posted on 13 June 2013 by VRS  |  Email |Print

Do we also know that Coal Combustion Products (CCPs)–by-products generated from coal-fired power plants—also help in saving the environment? Fly-ash, a by-product of coal can be used to substitute or supplement cement in construction!
And cement, as we have seen, is a vital ingredient in the production of concrete, second only to water in total volumes consumed yearly. It takes 200 kilogram of coal to produce 1 ton of cement………………………………………..Full Article: Source

World set to exceed global warming limit: IEA

Posted on 11 June 2013 by VRS  |  Email |Print

Global temperatures are on track to rise by more than double the two-degree Celsius (3.6-degree Fahrenheit) warming goal set by the UN unless urgent measures are taken, the International Energy Agency warned on Monday.
“The path we are currently on is more likely to result in a temperature increase of between 3.6 and 5.3 C (6.5-9.5F),” IEA chief Maria van der Hoeven said in presenting a new report on greenhouse gases. The Paris-based agency urged governments to act, saying the 2C target could still be met with little economic pain………………………………………..Full Article: Source

IEA: Carbon emissions from fuel usage hit new global record

Posted on 11 June 2013 by VRS  |  Email |Print

The International Energy Agency (IEA) says the world’s carbon dioxide emissions from fossil fuel usage have risen to a record level. It warns that despite increased renewables usage climate change will “not go away.”
Global carbon dioxide emissions hit a new record in 2012, standing at 31.6 billion tons, the IEA reported Monday. The agency said the energy sector accounts for about two-thirds of global emissions of CO2 and other greenhouse gases, which scientists say are fueling climate change………………………………………..Full Article: Source

EU should move beyond carbon market to shut coal, IEA says

Posted on 11 June 2013 by VRS  |  Email |Print

The European Union needs to think of other ways to prevent new coal-fired power stations from being built because its carbon market won’t achieve that this decade, according to the International Energy Agency.
Nations should consider measures including bans of new and inefficient plants known as “sub-critical,” unless they are fitted with carbon capture and storage technology, Maria Van der Hoeven, the executive director of the Paris-based agency that advises 28 developed nations, said………………………………………..Full Article: Source

International Energy Agency urges stop-gap climate action

Posted on 11 June 2013 by VRS  |  Email |Print

A sticking plaster solution for climate change has been proposed by the world’s top energy think tank, the International Energy Agency (IEA). It says climate change could pass a critical level if the world waits until 2020 for the planned comprehensive UN deal to cut emissions.
In the meantime, it recommends some short-term measures. These include action on energy efficiency, coal-fired power stations, and fossil fuel subsidies………………………………………..Full Article: Source

IEA’s Didier Houssin: the world’s energy future is not hopeless

Posted on 07 June 2013 by VRS  |  Email |Print

As part of an institution that is raising the alarm about the future of the planet, you would expect Didier Houssin, director of sustainable energy policy at the International Energy Agency (IEA), to be gloomy. “Scaring people is not always a good strategy,” he says. “It’s important to explain that there are solutions, the future is not hopeless.” He concedes that the situation “is not rosy”, but “there are some positive examples and we need to learn from them”.
Some clean technologies are progressing fast, with developments in electric vehicles boding well for a decarbonised transportation system, for example, and people can make a big impact with some simple changes in their lifestyle……………………………………Full Article: Source

Demand could soar exponentially for clean energy metals

Posted on 07 June 2013 by VRS  |  Email |Print

The U.S. equity markets are breaking into new 15-year highs, after an unprecedented move by Bernanke to stimulate the economy over the past five years.
Increasingly, investors may look to cheaper, out of favor sectors such as the uranium and rare earth sector, which is critical for clean, carbon-free energy. These sectors are crucial for the carbon reducing future of emerging nations such as China and India, which are dealing with dangerously high levels of air pollution from dirty coal producing plants. Take a look at this picture of Beijing. Air pollution is a major health crisis that is killing people……………………………………Full Article: Source

The uncertain future for coal

Posted on 05 June 2013 by VRS  |  Email |Print

With fracking continuing to gain momentum — and with legislation from the Obama administration that could make as many as 65% current coal plants uneconomical — the “dirty” energy’s future is uncertain.
It used to be that coal dominated energy consumption around the world, as this fossil fuel was both abundant and relatively cheap to use. But as big oil stepped in, the past few decades have seen dependence on coal cool off. In more recent years, coal has taken an even bigger hit as developed countries have attacked the fuel source for its negative environmental impact………………………………………..Full Article: Source

China coal demand to double by 2030,not to peak in the next decade:Wood Mackenzie

Posted on 05 June 2013 by VRS  |  Email |Print

Contrary to speculation that China’s demand for coal will peak in a decade, the nation’s strong appetitte for thermal coal will lead to a doubliing of demand by 2030, despite the best efforts to curtail its use and seeking alternative options according to a new report by Wood Mackenzie.
The report titled, ‘China: The Illusion of Peak Coal’ said China’s demand will grow to approximately seven billion tonnes per annum (btpa) of thermal coal which is contrary to speculation that China’s thermal coal demand may be reaching a peak in the next decade………………………………………..Full Article: Source

Clean energy for a carbon-choked world

Posted on 31 May 2013 by VRS  |  Email |Print

Hopes for a speedy transition from a carbon economy to clean energy have been dashed. Which technologies offer the best chance of turning things around? This month, the concentration of carbon dioxide in the atmosphere exceeded 400 parts per million for the first time in human history. If the trend continues, the International Energy Agency has warned, the world could warm by 6C by the end of the century.
In December 2009, the US Secretary of Energy, Steven Chu, called the world’s first Clean Energy Ministerial. The aim was to speed the transition from a carbon economy to clean energy production in the 22 countries that together produced 80% of the world’s greenhouse gases………………………………………..Full Article: Source

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Why a uranium renaissance looks inevitable

Posted on 30 May 2013 by VRS  |  Email |Print

Casey Research’s Chief Energy Investment Strategist, Marin Katusa, whose portfolio profited nicely the last time the uranium bull broke loose a decade ago, recently interviewed a group of world-renowned energy experts to discuss the prospects for the sector that some considered doomed by the Fukushima disaster.
Anti-nuclear power sentiment has by no means evaporated, but Katusa sees clear signals that the bulls are ready to run, not least of which is the recent attack on the Somair uranium mine in Niger. Why? First, the 20-year Highly Enriched Uranium (HEU) Program agreement between the U.S. and Russia, aka “Megatons to Megawatts,” expires this year………………………………………..Full Article: Source

Gas ‘golden age’ at risk due to rising costs, coal comeback: IEA

Posted on 28 May 2013 by VRS  |  Email |Print

The “golden age of gas” forecast by the International Energy Agency (IEA) in 2011 faces significant challenges from growing coal use and increasing community concerns, as well as rising costs in key markets, reports The Australian.
According to the influential chief economist of the world’s energy watchdog, Fatih Birol, cheap gas being produced with relatively new techniques such as fracking could undermine support for renewable energy if governments don’t take urgent action…………………………………..Full Article: Source

Germany must curb runaway retail prices for sake of green power -IEA

Posted on 28 May 2013 by VRS  |  Email |Print

Germany must rein in runaway retail prices for electricity or risk a consumer backlash that could undermine support for a massive shift toward green energy, the International Energy Agency (IEA) said on Friday.
The Western world’s energy watchdog pointed to weaknesses in Germany’s effort to move away from nuclear and fossil-fuel energy towards a low-carbon economy, a move that was accelerated by Chancellor Angela Merkel’s decision in 2011 to exit nuclear power altogether…………………………………..Full Article: Source

2014 expected to be a bumper year for wind

Posted on 14 May 2013 by VRS  |  Email |Print

According to Bloomberg, Warren Buffet’s MidAmerican Energy Holdings Co. is gearing up to drop $1.9 billion on new wind farms in Iowa. The investment might build as many as 656 new turbines by 2015, which would add as much as 1,050 megawatts of wind power capacity to the 2,285 megawatts the company already operates in the state.
The project could also herald a revival in American wind power in general. The anticipated expiration of the production tax credit for wind energy drove a spike in installations in 2012, then a lull into 2013, and finally an anticipated ramp up now that the credit was extended for another year by the fiscal cliff deal………………………………………..Full Article: Source

IEA: Outlook bleak for EU gas sector

Posted on 08 May 2013 by VRS  |  Email |Print

There’s not much to suggest the European natural gas market will make dramatic gains any time soon, the International Energy Agency said. The IEA said in its monthly journal that European countries consumed 8 percent more natural gas in 2010, erasing the 6 percent decline that coincided with economic crises in 2009.
That agency, however, said that was “an illusion” because of colder winters. When adjusted seasonally, the IEA said gas consumption in some countries is at 10-year lows………………………………………..Full Article: Source

EU pollution push in disarray as crisis focus sharpens: Energy

Posted on 06 May 2013 by VRS  |  Email |Print

Europe’s program to halt climate change is in disarray with lawmakers in the region expressing concern the drift is undermining the planet’s most significant effort to combat global warming.
Members of the European Parliament’s environment committee meet today for a second time to revive a plan the full assembly rejected that would have boosted the cost of greenhouse-gas emissions. The rebuff left the cost of pollution near a record low, leaving companies with less incentive to reduce emissions………………………………………..Full Article: Source

Unburnable fuel: Either governments are not serious about climate change or fossil-fuel firms are overvalued

Posted on 03 May 2013 by VRS  |  Email |Print

Markets can misprice risk, as investors in subprime mortgages discovered in 2008. Several recent reports suggest that markets are now overlooking the risk of “unburnable carbon”. The share prices of oil, gas and coal companies depend in part on their reserves. The more fossil fuels a firm has underground, the more valuable its shares. But what if some of those reserves can never be dug up and burned?
If governments were determined to implement their climate policies, a lot of that carbon would have to be left in the ground, says Carbon Tracker, a non-profit organisation, and the Grantham Research Institute on Climate Change, part of the London School of Economics………………………………………..Full Article: Source

Coal prices resilient to drop in consumption

Posted on 03 May 2013 by VRS  |  Email |Print

Delivered coal prices appear to be exceptionally resilient to the drop in consumption. In fact, while delivered coal volumes have been declining, delivered coal prices have been rising, Barclays noted in a report.
One might expect coal deliveries priced at $3.00 per MMBtu equivalent or more to drop the most as coal-to-gas displacement eats into the coal supply stack………………………………………..Full Article: Source

Citi cuts thermal coal price estimates as supply zooms

Posted on 03 May 2013 by VRS  |  Email |Print

Coal prices are likely to fall this year, owing to low demand and increased supplies. Citi Research has lowered the price estimates of global thermal coal for this year and the next, citing increased supply and subdued demand in India and China, the key coal-importing nations.
Citi’s commodity research team cut its coal price forecasts for 2013 and 2014 by six per cent and 15 per cent to $89 a tonne and $94 a tonne, respectively. Earlier, the price was estimated at $95 a tonne for 2013 and $111 a tonne for 2014. Citi said the subdued demand in the European and Chinese markets, along with oversupply of 31-41 million tonnes (mt) in 2013-14, would reduce prices further………………………………………..Full Article: Source

Trillion euro shortfall facing EU energy sector says Lords Committee

Posted on 02 May 2013 by VRS  |  Email |Print

Investment totalling a trillion Euros is required before the end of this decade if the European Union is to stave off an energy crisis. That is the conclusion of an eight-month inquiry by the House of Lords into the EU power sector.
The Lords report says that a muddled Brussels energy policy is putting off big investors. In addition, it says there needs to be greater support for Europe’s emissions trading system (ETS)………………………………………..Full Article: Source

Progress towards clean energy has stalled, IEA says

Posted on 25 April 2013 by VRS  |  Email |Print

“The drive to clean up the world’s energy system has stalled,” IEA Executive Director Maria van der Hoeven told the CEM, which brings together ministers representing countries responsible for four-fifths of global greenhouse-gas emissions. “Despite much talk by world leaders, and despite a boom in renewable energy over the last decade, the average unit of energy produced today is basically as dirty as it was 20 years ago.”
To illustrate this inertia, the report, Tracking Clean Energy Progress, introduces the Energy Sector Carbon Intensity Index (ESCII), which shows how much carbon dioxide is emitted, on average, to provide a given unit of energy………………………………………..Full Article: Source

Europe’s share of global coal trading rises despite weak economy

Posted on 25 April 2013 by VRS  |  Email |Print

Europe’s share of international coal trading is rising despite a sluggish economy, as a collapse in emissions permit prices and a global oversupply of coal bolsters the fuel’s profitability in power generation.
Global coal use has been steadily rising, driven largely by soaring demand in developing economies such as China and India. But high European gas prices and healthy production levels from exporters have also made coal more attractive for electricity generation in Europe, prompting a rise in coal burn despite efforts by policymakers to curb carbon emissions………………………………………..Full Article: Source

Clean economy doesn’t mean cleaner world

Posted on 23 April 2013 by VRS  |  Email |Print

A flurry of recent reports on the renewable energy sector suggest that, while global investments are down from 2011 records, most of the major economies continue to support a low-carbon economy.
China last year attracted more than $60 billion to its renewable energy sector, passing a U.S. market that saw a 37 percent decline during the same period. At the same time, carbon dioxide emissions have reached new highs, according to the International Energy Agency. Nevertheless, the renewable energy sector was able to weather the global economic storm by showing some resiliency………………………………………..Full Article: Source

India is starting to go in the right direction on subsidies: IEA

Posted on 22 April 2013 by VRS  |  Email |Print

Maria van der Hoeven, executive director of the International Energy Agency (IEA), is no stranger to India. She has been engaged in discussions with Indian policymakers and planners for facilitating India’s association with the IEA.
Van der Hoeven, who was in India to attend the fourth Clean Energy Ministerial (CEM) that concluded on Thursday, spoke in an interview about the need for India to improve its energy data and emergency systems, the relevance of the United Nations (UN) climate negotiations, and potential developments in the global energy markets. ……………………………………….Full Article: Source

Green energy on the back foot after carbon trading blow

Posted on 19 April 2013 by VRS  |  Email |Print

It’s been a bad week for efforts to develop green energy around the world. A new report from the International Energy Agency (IEA) says that progress towards carbon-free energy production has basically stalled.
“Despite much talk by world leaders,” said IEA executive director, Maria van der Hoeven, “and despite a boom in renewable energy over the last decade, the average unit of energy produced today is basically as dirty as it was 20 years ago.” The IEA uses a complex calculation called the carbon intensity index to show how much CO2 is emitted to provide a given unit of energy……………………………………..Full Article: Source

IEA: Global renewable energy up, but we’re not cutting emissions

Posted on 19 April 2013 by VRS  |  Email |Print

The world isn’t cleaning up its energy systems despite increasing investment in renewable power, according to a new report. So how has this happened? The answer in one word: coal.
The International Energy Agency (IEA)’s report, released yesterday, measures carbon intensity, or the amount of carbon dioxide released for each unit of energy consumed around the world. It finds that since 1990 carbon intensity has remained “essentially static” - meaning the world is currently heading for six degrees Celsius of warming above pre-industrial levels……………………………………..Full Article: Source

Clean energy progress too slow to limit global warming, warns IEA

Posted on 18 April 2013 by VRS  |  Email |Print

With governments failing to promote green energy, top scientists say the drive to keep temperature rise below 2C has stalled. The development of low-carbon energy is progressing too slowly to limit global warming, the International Energy Agency (IEA) said on Wednesday.
With power generation still dominated by coal and governments failing to increase investment in clean energy, top climate scientists have said that the target of keeping the global temperature rise to less than 2C this century is slipping out of reach…………………………………Full Article: Source

Europe: Back to the dark ages

Posted on 15 April 2013 by VRS  |  Email |Print

Coal’s golden renaissance … While coal use in electricity generation has dwindled in the United States, it has been staging a quiet comeback in Europe. Coal-fired power generation is growing at an annual rate of 5% and 22% in Germany and Spain, while gas-fired generation is falling by 15% and 23% respectively.
In the UK, coal-fired plants accounted for 39% of electricity generation in 2012, a 32% increase on 2011, while gas use declined by the same amount. “As the dispatch of coal plants is more economic in Europe at current coal and CO2 emissions prices, gas lost 5 percentage points of market share in the power sector in 2012………………………………………..Full Article: Source

Global solar PV market surges towards 100GW milestone

Posted on 11 April 2013 by VRS  |  Email |Print

The global solar PV market is poised to break through the 100GW of installed capacity mark this year, according to new figures from the International Energy Agency (IEA). The IEA’s Photovoltaic Power System Programme this week published a new report, entitled Snapshot of Global PV in 1992-2012, based on data from 23 countries, including all of the world’s largest solar markets.
It confirmed that there is now at least 89.5GW of solar PV capacity recorded in these core markets, with an estimated 7GW of capacity in place in other markets. It concluded there is at least 96.5GW of capacity installed worldwide, meaning the market almost certainly reached the 100GW milestone during the first quarter of this year………………………………………..Full Article: Source

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Europe ‘falling behind US and blighted by energy costs’

Posted on 10 April 2013 by VRS  |  Email |Print

Europe is falling dangerously far behind the US in productivity growth and is blighted by crippling energy costs, the pan-EU industry federation has warned. “Europe doesn’t have an energy policy. It has a climate policy,” said Markus Beyrer, head of BusinessEurope.
Mr Beyrer said the US is running away with the shale energy revolution, leaving Europe’s companies in the dust. Spot gas prices are now four to five times higher in Europe, with grim implications for the chemical industry………………………………………..Full Article: Source

IEA seeks closer relationship with emerging economies

Posted on 08 April 2013 by VRS  |  Email |Print

The International Energy Agency is interested in deepening its ties with emerging economies, as changes to supply and demand trends increase their role in global energy markets, the group said in a statement published on its web site Friday.
“As the global energy map is redrawn, the IEA’s 28 member countries face many of the same energy challenges as key emerging economies, and we share a common interest in building a secure, sustainable energy future,” the IEA’s Executive Director Maria van der Hoeven said in the statement………………………………………..Full Article: Source

Managing the European energy equation

Posted on 08 April 2013 by VRS  |  Email |Print

Power and gas markets in the European Union are undergoing a period of substantial change due to political intervention, expansion of market reach, and uncertain supply and demand dynamics. Power and gas companies now require advanced technology to overcome challenges that threaten to remove unprepared participants from the market.
Legacy systems that have remained unchanged over the past five years, or have only had minor maintenance-related updates, will struggle to support the minimum requirements for power and gas market participants………………………………………..Full Article: Source

The fuel of the future: Environmental lunacy in Europe

Posted on 05 April 2013 by VRS  |  Email |Print

Which source of renewable energy is most important to the European Union? Solar power, perhaps? (Europe has three-quarters of the world’s total installed capacity of solar photovoltaic energy.) Or wind? (Germany trebled its wind-power capacity in the past decade.) The answer is neither. By far the largest so-called renewable fuel used in Europe is wood.
In its various forms, from sticks to pellets to sawdust, wood (or to use its fashionable name, biomass) accounts for about half of Europe’s renewable-energy consumption. In some countries, such as Poland and Finland, wood meets more than 80% of renewable-energy demand………………………………………..Full Article: Source

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