Russian natural gas supplied to Europe has the minimal carbon footprint and meets all EU climatic requirements, Deputy CEO of the Russian gas holding Elena Burmistrova said in an interview with the Gazprom’s corporate magazine. The European Union has recently announced plans to introduce the carbon duty in 2026 at …
Read More »Iran, Germany to Hold Joint Energy Committee Meeting
Third Iran-Germany Joint Energy Committee meeting will be held on Tuesday, October 25, Trend reports citing ILNA. The meeting will be held online, via a video conference. The Iranian delegation will be represented by Oil Minister Jawad Owji. According to ILNA, the first Iran-Germany Joint Energy Committee meeting was held …
Read More »China Commits to 80% of Energy Mix from Non-Fossil Fuels by 2060
China will work toward having 80% of its total energy mix from non-fossil fuel sources by 2060 and 1,200 GW of solar and wind generation capacities by 2030, according to a high-level policy framework for achieving peak carbon and carbon neutrality, published by the State Council, the country’s highest executive …
Read More »EIA Projects that Energy Related Carbon Dioxide Emissions will Rise over the Next 30 Years
In its International Energy Outlook 2021, the EIA projects that global energy-related carbon dioxide emissions will increase for countries both inside and outside of the Organisation for Economic Co-operation and Development (OECD) over the next 30 years under current laws and regulations. Between 2020 and 2050, the EIA projects that …
Read More »China to Deepen Reforms on Energy Structure, Restrict Coal Consumption
China will modify its current energy structure with measures including establishing a carbon dioxide emissions scale control system and restricting coal-fired power projects, He Lifeng, chairman of National Development and Reform Commission, said in an article published in the People’s Daily on Monday. The article, which reinitiated the efforts that …
Read More »Oil Prices Keep Rising to Hit Multiyear Highs on Tight Supply
Oil prices climbed on Monday, extending preweekend gains to hit multiyear highs as global supply remained tight amid solid fuel demand in the US and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps. US West Texas Intermediate (WTI) crude futures rose 87c, or 1.0%, to $84.63 …
Read More »Saudi Arabia Unveils Plan to Reach Net-Zero by 2060
Saudi Arabia is aiming for a net-zero carbon target by 2060, Crown Prince Mohammed bin Salman said at the Saudi Green Initiative Forum (SGI) on Saturday. The kingdom plans to cut 278 million tonnes of carbon emissions by 2030, he said in recorded comments. This would entail investments of more …
Read More »Moscow Says Arctic will Play Key Role in Its Energy Transition
In early October, President Putin assembled top government ministers, leading state officials and representatives of his country’s biggest energy companies to a meeting on climate policies. According to the President, a detailed plan is now elaborated on how to cut carbon intensity in Russian economy. “We are setting an ambitious …
Read More »Not all OPEC+ Producers can Ramp up Output Quickly
Although the OPEC+ alliance is currently ramping up its collective crude oil production slightly above what they had agreed on, not all members of the group can quickly raise their output, Russian President Vladimir Putin said at an event on Thursday. “Currently, the OPEC+ countries are increasing production volumes, even …
Read More »Nord Stream 2 will Increase Risks for Security of Gas Supplies in EU
Poland’s PGNiG has announced that the launching of the €9.5bn Nord Stream 2 pipeline will increase the risks to the security of gas supplies to the European Union (EU). The Polish firm alongside its German subsidiary PGNiG Supply & Trading (PST) has filed its position within the certification procedure of …
Read More »