NASA has launched its 28th commercial resupply mission with SpaceX, sending 7,000 pounds of cargo to the International Space Station. A SpaceX Dragon spacecraft propelled by a Falcon 9 rocket will bring several measurement instruments, as well as two roll-out solar arrays. The International Space Station Roll Out Solar Arrays …
Read More »WoodMac: $30 Billion in UK Energy Investments at Risk Ahead of Elections
Some $30bn (£24.2bn) of investment in new UK energy projects is at risk if Labour wins the next election, a top energy consultancy has warned. Consultancy giant Wood Mackenzie believed the growing expectation of a Labour government – which has pledged to ban new North Sea oil and gas developments …
Read More »IEA: Global Energy Efficiency Investments Need to Triple by 2030
Annual investments in improving energy efficiency must triple by 2030 in order for the world to remain able to keep global warming below 1.5 degrees Celsius, the International Energy Agency (IEA) said on Wednesday. Driven by spending on buildings and strong electric vehicle sales, global energy efficiency investment reached a …
Read More »Spain on Track to Generate 50% of its Power from Renewables in 2023
Spain is on track to generate more than half of its power from renewable sources this year, the first of the top five European countries by power demand to accomplish this feat, according to Rystad Energy forecasts. Spain will reach this significant decarbonization milestone this year, with renewable-sourced generation surpassing …
Read More »How will Artificial Intelligence Fit into the Energy Sector?
Artificial intelligence is the latest buzz—geeky stuff that can improve energy efficiency, productivity, and outcomes. But it is a fledgling concept, making room for errors. And that’s why the smart move is to test a problem and simulate solutions, sharing the best outcomes industrywide. Artificial intelligence — or AI for …
Read More »Germany Triggers EU Investigation into Chinese Biofuels
Germany has asked the European Commission to investigate the flow of allegedly fraudulent biofuels into the European Union, a spokesperson for the German Environment Ministry said, stepping up scrutiny on trade in the fuel that has rattled the industry. EU incentives for biodiesel production made with waste oils and fat …
Read More »EU, UAE Pledge to Rally Support for Global Renewable Energy Goals
The European Commission and the United Arab Emirates pledged on Wednesday to build support ahead of this year’s COP28 climate summit for global goals to expand renewable energy, which they said would help countries shift from “unabated” fossil fuels. In a statement agreed after a meeting of officials in Brussels, …
Read More »International Airlines Slam EU for Sustainable Fuel Mandates
The European Union’s behavior is “anti-aviation” because of mandates obliging airlines to use so-called sustainable aviation fuels as a lower-carbon alternative to ht fuel. This is the message that the aviation industry had for the EU at its annual meeting that began today. “I think it’s fair to portray the …
Read More »Asian Buyers Scramble for Alternative Oil Supplies after Saudi Price Hike
Several buyers in Asia are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after the world’s top crude exporter, Saudi Arabia, unexpectedly raised its official selling prices for its crude going to Asia in July. At least three refiners in Asia are looking to …
Read More »China’s Investment Boom is Fueling Growth in Central Asia
China and Kazakhstan are planning a new rail connection and border crossing in the Bakhty-Ayagoz area, expressing hope that the new route can cut freight transit times. Kazakh President Kassym-Jomart Tokayev announced the move during the May 24 Eurasian Economic Forum, attended by representatives of the Eurasian Economic Union. Kazakhstan’s …
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