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Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe. There are few short-term solutions to the problem, but recent gas flows from Russia have resulted in huge moves in the market, highlighting the enormous sway that Russia has over the gas market at the moment. …

The current energy crises has hit hard, and it will have a negative impact on global economies if not contained effectively. The gas crisis hit consuming nations while some major gas producers, who claimed to be influential in gas markets, have been obviously missing. When oil prices rise, the whole …

Tech giant pledges to help communities affected by climate change access clean power through new initiative The number of Apple’s suppliers committed to using 100 per cent clean energy has more than doubled in the past year, the tech giant announced late last week, as it simultaneously launched 10 new …

First it was rental cars, then building materials. Then it was housing, food, petrol. We are experiencing price rises not seen since the 1970s, or at least since the introduction of the euro, as we used to complain. First, we tried to talk it down. It will be ‘transitory’, was …

For the past year, oil consuming countries have become increasingly anxious at crude’s resurgence: first to $50 a barrel, then $75 and now to more than $85. And when Vladimir Putin, one of the leaders of the OPEC+ alliance, warned that $100 a barrel was a distinct possibility, the alarm …

Remote, quiet but energy-rich: the coastal area of Lubmin in north Germany hosts the world’s most controversial gas pipeline. Nord Stream 2 stretches for 1,200 kilometres from Vyborg in Russia through the Baltic Sea to Lubmin in Germany, bypassing Ukraine and Poland. The gas pipeline is finished, but it is …

A global transition to “clean energy” is still far too slow to meet climate pledges and risks fueling even greater price volatility, the International Energy Agency (IEA) said yesterday. “We are not investing enough to meet future energy needs and the uncertainties are setting the stage for a volatile period …

On Wednesday, Google launched a suite of changes to many of its core products to help consumers make sustainable choices more easily. “Today, climate change is more than a threat,” Sundar Pichai, the CEO of Google and parent company Alphabet, said in a prerecorded video during a virtual press event …

Chinese President Xi Jinping recently announced at the UN General Assembly that China “will not build new coal-fired power projects abroad.” Chinese banks have already swung into gear. Three days after Xi’s speech, the Bank of China declared it would no longer provide financing for new coal mining and power …

Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the energy crisis, …