With practically all the media bandwidth for non-local news taken up by two tribal territorial struggles that would not have seemed out of place in 15th-century AD – or indeed the 15th-century BC – you may have missed the latest release from the International Energy Agency .
Now, finally, the IEA says the global share of fossil fuels may be starting to drop a little – but only a little. The IEA has a ‘Net Zero 2050' scenario in which we would indeed accomplish that miracle, but to get on track for that would require tripling our clean power production and doubling our investment in energy efficiency by 2030.
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Big Oil Doubles Down on Fossil Fuel Despite Clean Energy ShiftExxon's $60 billion deal to buy Pioneer and Chevron's $53 billion tie-up with Hess sends a clear message: big oil is investing in fossil fuel despite the shift to clean energy. The International Energy Agency's prediction of oil demand peaking by 2030 raises questions about the rationale for increased spending on fossil fuel. However, the transition to clean energy is a long and expensive process, which explains why oil giants are not diversifying into clean energy projects.
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Colombia to Sell Geothermal Energy to Ecuador to Mitigate Electricity CutsColombia will provide 450 megawatts of geothermal energy to Ecuador to help the country overcome electricity cuts caused by severe drought. Ecuador is facing a 650-megawatt deficit due to low-producing hydro-electric plants. The transfer will take place between November and December, and payment options are being evaluated. Peru will also export 50 megawatts to Ecuador, and local thermal plants can provide an additional 100 megawatts.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Colombia to Sell Geothermal Energy to Ecuador to Mitigate Electricity CutsColombia will provide 450 megawatts of geothermal energy to Ecuador to help the country overcome electricity cuts caused by severe drought. Ecuador is facing a 650-megawatt deficit due to low-producing hydro-electric plants. The transfer will take place between November and December, and payment options are being evaluated. Peru will also export 50 megawatts to Ecuador, and local thermal plants can provide an additional 100 megawatts.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Former Russian President Medvedev Criticizes Europe's Energy CooperationDmitry Medvedev, Russia's former president, criticizes Europe's decision to walk away from energy cooperation, stating that it is frozen or pointless due to Europe's poor growth prospects.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Former Russian President Medvedev Criticizes Europe's Energy CooperationDmitry Medvedev, Russia's former president, criticizes Europe's decision to walk away from energy cooperation, stating that it is frozen or pointless due to Europe's poor growth prospects.
Source: SaltWire Network - 🏆 45. / 63 Read more »
Data scarce on what green energy transition will cost Nova ScotiansExplore stories from Atlantic Canada.
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