G20 per capita coal emissions continue to rise despite climate pledges and transition efforts by some members of the group of major economies, new research showed Tuesday. The group, whose leaders meet in New Delhi this weekend, accounts for 80 percent of global power sector emissions. But in talks in …
Read More »Chinese Solar Firm Eyes Saudi Arabia for First Foreign Plant
China-based solar sector supplier GCL Technology Holdings Ltd. is in advanced talks with Saudi Arabia about opening its first overseas factory as the nations aim to extend their energy ties beyond oil. The world’s second-largest manufacturer of polysilicon, a key ingredient in solar panels, is looking to build a plant …
Read More »Oil is Falling as Traders Capitalize on Rising Oil Prices
Oil prices recorded a limited decline on Monday as investors profited from the highest oil prices seen since November and on expectations that Saudi Arabia and Russia’s curbs would continue through October. International benchmark Brent crude traded at $88.48 per barrel at 10.21 a.m. local time (0721 GMT), a 0.08% …
Read More »Iran’s Oil Export Continues Upward Trend in August, Surging 54%
Iran’s oil exports continued their upward trend in August to reach 1.85 million barrels per day (bpd), Bloomberg reported, citing TankerTrackers.com which provides data on oil cargoes to governments, insurers and other institutions. The increase in Iranian shipments comes in the same month that key OPEC+ producers Saudi Arabia and …
Read More »India Burns more Coal for Power as Dry Weather Sparks Blackout Fears
India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, as an increase in renewables is struggling to keep pace with record power demand. It is unusual for India’s electricity use to spike in August, when temperatures are …
Read More »Africa Climate Summit to Urge Investment in Continent
African policymakers will kick off a landmark climate summit in Kenya on Monday aimed at reframing the continent as a budding renewable energy powerhouse and calling for international financial help to unlock its potential. Kenyan President William Ruto says he wants the first Africa Climate Summit to help “deliver African …
Read More »Japan Gains Understanding from Jordan over Fukushima Water Release
Japanese Foreign Minister Yoshimasa Hayashi on Sunday gained understanding from his Jordanian counterpart Ayman Safadi over the recent start of the release into the sea of treated radioactive water from the crippled Fukushima nuclear power plant. In Jordan, Hayashi told Safadi that the discharge is being carried out with transparency …
Read More »China Sees Robust Green Growth in Installed Renewable Energy Capacity
China has seen robust growth in the installed capacity of renewable energy in 2023 amid the country’s strenuous efforts to push green transition. The country’s total capacity of renewable energy reached about 2.71 billion kilowatts (kw) in the first half of 2023, according to the latest report by National Energy …
Read More »No Single Form of Energy can Meet Future Demand – OPEC Secretary General
No single form of energy can currently meet expected future energy demand; instead, an “all-peoples, all-fuels and all-technologies” approach is required, said OPEC Secretary General Haitham Al Ghais, Trend reports. “As such, OPEC member countries are ready, willing and able to provide the affordable energy needed to cater towards these …
Read More »EIA: Iraqi Oil Exports to U.S. Declined Last Week
Iraq, OPEC’s second largest exporter, has had its crude oil supplies to the US, the world’s second largest importer, decreased, data by the Energy Information Administration (EIA) showed this weekend. In the span of a week, the volume dwindled from 283,000 barrels daily to a mere 232,000 barrels — a …
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