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Share of CO2 Auctions Revenue for Greece’s Renewables Special Account Reduced to 30%

Τρι, 2 Νοεμβρίου 2021 - 18:50

A new decree reduces the share of proceeds from CO2 emission auctions directed to the special renewables accounts remunerating producers to 30% from 60%. The Greek environment and energy ministry’s decision has caused reactions in the renewables market since it lowers the account’s inflows by EUR 75 million to cover the rising energy cost for consumers

Over 100 Countries Commit to Cut Methane Emissions By 30% By 2030

Τρι, 2 Νοεμβρίου 2021 - 18:44

The number of countries committing to a US and EU-led initiative, the Global Methane Pledge, to cut methane emissions by 30% by 2030 reached over 100 on the second day of the official opening of the leaders' summit of the 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change

1,485 Institutions Globally Divest from $39.2 Trillion Worth of Fossil Fuels

Τετ, 27 Οκτωβρίου 2021 - 18:08

Globally 1,485 institutions from 71 countries have committed to fossil fuel divestment, representing an unprecedented total of $39.2 trillion worth of assets, a figure that is higher than the annual GDP of the US and China combined, a new report from Divest/Invest Forum revealed Tuesday

Croatia's INA to Temporary Close Rijeka Refinery for Planned Catalyst Replacement Works

Τετ, 27 Οκτωβρίου 2021 - 18:02

Croatian oil and gas company INA [ZSE:INA-R-A] said on Wednesday that as of November 28, its refinery in Rijeka will begin the process of planned temporary shutdown to carry out catalyst replacement works

Renewable Energy Sector Employs 12 Million People Worldwide in 2020

Παρ, 22 Οκτωβρίου 2021 - 19:23

Renewable energy employment worldwide increased by 4.3% to 12 million last year, according to the International Renewable Energy Agency (IRENA) late Thursday

Turkey Has Rapidly Become Leading Wind Market: Vestas

Παρ, 22 Οκτωβρίου 2021 - 19:09

Turkey has rapidly developed into a leading global wind market since Vestas installed its first wind turbine back in 1984, according to Olcayto Yigit, head of Vestas Turkey. Vestas has delivered 2 gigawatts (GW) of installed wind capacity in Turkey since then

Greece, Cyprus, Egypt Send Stern Message to Turkey at Trilateral Summit in Athens

Τρι, 19 Οκτωβρίου 2021 - 19:17

They agreed that that the project is an important element in the strategic development of the Eastern Mediterranean Energy Corridor, creating an alternative source of energy supplies from the region to the EU and vice versa

Europe Turning to Nuclear Power Amid Global Energy Price Increase

Τρι, 19 Οκτωβρίου 2021 - 19:14

Pro-nuclear European Union (EU) countries want nuclear energy to be classified as 'green energy' to pave the way for investments and reduce foreign dependency on energy that would be unaffected by fluctuations in fossil fuel prices while ensuring a climate-friendly transformation

As Western Oil Giants Cut Production, State-Owned Companies Step Up

Παρ, 15 Οκτωβρίου 2021 - 17:40

In the Middle East, Africa and Latin America, government-owned energy companies are increasing oil and natural gas production as U.S. and European companies pare supply because of climate concerns

Capital Gas LNG Newbuilds Will Have Wärtsilä Shaft Generators

Παρ, 15 Οκτωβρίου 2021 - 17:34

Wärtsilä is to supply four shaft generator systems to provide power take-off from the main engines for two 174,000-cubic-meter LNG carriers on order at the Hyundai Heavy Industries (HHI) shipyard in Korea for Piraeus, Greece, headquarterer Capital Gas Ship Management Corp. Each of the vessels will be fitted with two 1.9 MW Wärtsilä shaft generators. The equipment is scheduled for delivery to the yard in 2022

Romania's Cernavoda NPP Unit 2 Automatically Disconnects from Grid

Πεμ, 14 Οκτωβρίου 2021 - 19:18

Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Thursday that one of the plant's 700 MW units automatically disconnected from the national electricity grid

Clean Energy Progress Far Too Slow, Says IEA

Πεμ, 14 Οκτωβρίου 2021 - 19:12

Clean energy progress is still far too slow to put global emissions into sustained decline towards net zero, said the International Energy Agency (IEA) in its World Energy Outlook 2021 (WEO-2021) highlighting the need for accelerated action from governments as COP26 approaches

OPEC Revises Down 2021 Global Oil Demand, Keeps it Unchanged for 2022

Τετ, 13 Οκτωβρίου 2021 - 19:04

The Organization of Petroleum Exporting Countries (OPEC) lowered its global oil demand forecast for 2021 by 140,000 barrels per day (bpd) but kept growth unchanged for 2022 at 4.2 million bpd, the group said in its Monthly Oil Market Report on Wednesday

Russian Petchem Giant SIBUR to Boost Investments to Meet Greater Turkish Demand

Τετ, 13 Οκτωβρίου 2021 - 19:01

Russia's largest petrochemical plant SIBUR plans to expand investments in facilities in Russia to meet Turkey's growing domestic demand, the executive director for Marketing and Sales, Procurement, Innovation and Business Development told Anadolu Agency in a recent interview

Serbia to Sell Jaroslav Černi Water Institute

Δευ, 11 Οκτωβρίου 2021 - 15:01

The Ministry of Economy has invited bids for the sale of the Jaroslav Černi Water Institute. It is the leading scientific research organization in the water sector in Serbia

Qatar Can't Help Red Hot Gas Markets as Production at Maximum

Δευ, 11 Οκτωβρίου 2021 - 14:53

Qatar, the world's largest supplier of liquefied natural gas, said on Monday it can't help ease the red hot gas market because it has allocated all its output and believes the high prices are destructive for demand