The European Investment Bank (EIB) intends to place stricter CO2 emission standards on coal power plants that it finances, but not as strict as the standards president Obama recently proposed in the US. The EIB is also considering investing in shale gas projects, according to a draft of its new energy lending policy. NGOs accuse the EIB of a “missed opportunity to politically reject coal”. With the EBRD and World Bank also mulling new investment … [Read more...]
How to profit from rising energy prices in Russia
Russia offers great potential for European companies to invest in energy efficiency, renewable energy and electricity production, writes Alexander Gusev of the German Institute for International and Security Affairs (Stiftung Wissenschaft und Politik). Rising prices in Russia stimulate energy-saving programs by companies and increase the populatiry of decentralized generation. But major problems, such as an incomplete legal basis and bureaucracy, … [Read more...]
ENTSOG’s big plan for the European gas market
European transmission system operators are building the network for the gas flows of the future – but will there be any gas flowing in Europe ten years from now? At a workshop in Riga in March 2013 organised by ENTSOG (the European Network of Transmission System Operators for Gas), representatives from the gas industry discussed the implications of ENTSOG’s Ten-Year Network Development Plan (TYNDP), which was adopted in February. The participants … [Read more...]
EU gets powerful mandate to regulate shale gas
The EU has received its strongest endorsement yet to push ahead and issue legislative proposals to control the extraction of shale gas: an official 3-month public consultation shows that “a large majority” of citizens believe Europe lacks adequate legislation on this front and that the EU should do something about it. The surprisingly strong support for enhanced EU oversight comes despite the fact that half the respondents come from Europe’s … [Read more...]
CCS: why the high hopes cannot be fulfilled
The only way to stimulate investment in industry while staying in line with CO2 reduction targets is to end coal plant construction in favour of renewable energies, argues independent energy consultant Jeffrey Michel. Carbon capture and storage (CCS) is just not going to deliver the goods. It is too costly and too risky. Photo: carbon dioxide sequestered in basalt (PNNL) … [Read more...]
Nuclear terror in the Middle East: lethality beyond the pale
An Israeli nuclear attack on Iran would result in unimaginable disaster, according to a new study. Nick Turse, managing editor of TomDispatch.com, points out that the risk of a nuclear war is still the gravest danger the world is facing today. “It’s a freight train coming down the tracks”. "In those first minutes, they’ll be stunned. Eyes fixed in a thousand-yard stare, nerve endings numbed. They’ll just stand there. Soon, you’ll notice that … [Read more...]
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