The unconventional supply revolution that has redrawn the global oil map will likely expand beyond North America before the end of the decade, the International Energy Agency (IEA) says in its annual five-year oil market outlook released on 17 June. The report also sees global oil demand growth slowing, OPEC capacity growth facing headwinds, and growing regional imbalances in gasoline and diesel markets. The IEA’s Medium-Term Oil Market Report … [Read more...]
“Retroactive amendments to Czech law threaten renewable energy sector”
The Czech Photovoltaic Industry Association and the Alliance for Energy Self-Sufficiency have expressed their fears about planned retroactive changes to legislation guaranteeing support for renewable energy in the Czech Republic in letters addressed to the European Commission and Members of the European Parliament and have asked for an independent assessment of related materials and documentation. Suspicions about retroactive changes of the … [Read more...]
Reforms needed for Energy Community
The Energy Community High Level Reflection Group has issued a report on how the work of the Energy Community - an international organisation comprising the European Union and eight neighbouring countries (Albania, Bosnia and Herzegovina, Kosovo, former Yugoslav Republic of Macedonia, Moldova, Montenegro, Serbia and Ukraine) – may be improved. The Report contains proposed solutions to the most pressing challenges facing the Energy Community, … [Read more...]
Global Cumulative Wind Power Capacity to More than Double by 2020, Led by China, says GlobalData
Despite an overall slump in installations in 2013, the global cumulative wind power capacity will more than double from 319.6 Gigawatts (GW) at the end of 2013 to 678.5 GW by 2020, says research and consulting firm GlobalData. The company’s latest report* states that China, the largest single wind power market responsible for 45% of total global annual capacity additions in 2013, is expected to have a cumulative wind capacity of 239.7 GW by … [Read more...]
IEA: Golden age of gas comes to China
Driven by booming demand, the "Golden Age" of natural gas that is now firmly established in North America will expand to China over the next five years, the International Energy Agency (IEA) said in its 2014Â Medium-Term Gas Market Report released today. The projected near-doubling of Chinese gas demand through 2019 compensates for a slight slowdown in growth in many other areas of the world, the report said. The annual report, which gives a … [Read more...]
US Environmental Protection Agency EPA proposes first guidelines to cut carbon pollution from existing power plants
At the direction of President Obama and after an unprecedented outreach effort, the U.S. Environmental Protection Agency has on June 2 released the Clean Power Plan proposal, which for the first time cuts carbon pollution from existing power plants, the single largest source of carbon pollution in the United States.Today’s proposal will protect public health, move the United States toward a cleaner environment and fight climate change while … [Read more...]
2013: Record year for solar photovoltaics, accelerating market globalisationÂ
With at least 38.4 gigawatts (GW) of newly-installed solar photovoltaic (PV) capacity worldwide and a global cumulative installed capacity of 138.9 GW, 2013 was another historic year for solar PV technology, according to a new report from the European Photovoltaic Industry Association (EPIA). EPIA's flagship reportm "Global Market Outlook for Photovoltaics 2014-2018", assesses global and European PV markets in 2013, makes forecasts for the next … [Read more...]
“World needs $48 trillion in investment to meet its energy needs to 2035”
Meeting the world's growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released today by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today's annual investment in energy supply of $1.6 trillion needs to rise steadily over the coming decades towards $2 trillion. Annual spending on energy efficiency, measured against a … [Read more...]
More than a fifth of global power production now comes from renewables
Global renewable electricity energy capacity rose to a new record level last year — more than 1,560 gigawatts (GW), up 8% from 2012. More than 22 % of the world’s power production now comes from renewable sources. Renewables currently meet almost one-fifth of world final energy consumption. That is one of the conclusion of the new Renewables Global Status Report published by REN21, "the global renewable energy policy multi-stakeholder … [Read more...]
IEA: electricity will rival oil as dominant energy carrier
Electricity will increasingly power the world's economies in the 21st century, rivalling oil as the dominant energy carrier, according to a new report by the International Energy Agency. Actively managing this transformation is the only way to ensure we meet global energy security and climate goals economically, the report says. The report, Energy Technology Perspectives, offers a comprehensive, long-term analysis of trends in the energy … [Read more...]
State aid: Commission adopts new rules on public support for environmental protection and energy
The European Commission has adopted new rules on public support for projects in the field of environmental protection and energy. The guidelines will support Member States in reaching their 2020 climate targets, while addressing the market distortions that may result from subsidies granted to renewable energy sources. To this end, the guidelines promote a gradual move to market-based support for renewable energy. They also provide criteria on how … [Read more...]
Owners make final commitment to Fennovoima
Fennovoima’s owners Voimaosakeyhtiö SF and RAOS Voima Oy have today on April 15th made the binding decision to construct and finance Fennovoima’s nuclear power plant in Pyhäjoki. According to Fennovoima, the nuclear plant "supports Finland’s competitiveness and the operations of its owner companies. The project increases Finland’s self-sufficiency in electricity generation and strengthens the security of supply. According to the agreed … [Read more...]
Clean energy investment picks up in first quarter after stagnation last year
Clean Energy Pipeline,  “the online financial news and data service dedicated to the clean energy sector”, reports that “new investment in the global clean energy sector totalled $61.0 billion in 1Q14, representing a 14% increase on the $53.4 billion invested in the corresponding period in 2013." “New clean energy investment was encouraging in 1Q14, marking a welcome change from recent press releases where we have been reporting year-on-year … [Read more...]
Meters and More expands effort for EU-wide smart meter standard
Meters and More AISBL has recently been joined by 10 new Members: Bitron S.p.A. (Italy), AEM SA (Romania), as Full Members, and Ambient Corp. (USA), CAM Chile S.A. (Chile), Capgemini Service (France), El Sewedi EMG (Egypt), Janz Contadores de Energia SA (Portugal), ZIV Aplicaciones y Teconologìa SL (Spain), Tekpea Inc. (USA) and HPL Electric&Power PVT.LTD. (India) as Associated Members. The Meters and More Association was founded by Enel … [Read more...]
Who is winning the clean energy race? (It’s not Europe)
For the past five years, Pew Charitable Trusts has tracked investment and finance trends in the world’s leading economies. Over that period, the clean energy industry has been buffeted by a global recession, broad changes in energy markets, and uncertainty surrounding international policies on clean energy and climate change. Despite these challenges, the clean energy sector is now an annual $250 billion component of the world economy. In a … [Read more...]
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