Fossil fuel subsidies ‘must end’
The only way to meet international poverty targets is by a massive switch to renewable energy, such as solar power, a UK think-tank says.
The only way to meet international poverty targets is by a massive switch to renewable energy, such as solar power, a UK think-tank says.
The World Bank’s drive to promote fossil fuel-generated power for 1,6-billion people lacking electricity will drive developing countries deeper into debt, a report by a development think tank claims on Monday.
In this vast, burned continent, where the sun shines seven out of 10 days and anticyclones pump wind steadily out to sea in winter and on to shore in summer, Australians sate their rapacious hunger for energy by digging underground and fouling the air.
FERC orders California to pay Enron and other energy companies $250M, the very companies that the state argues should be refunding $9 billion to California for market rigging during the power crisis three years ago. Meanwhile, questions are raised about Cheney’s knowledge of price fixing. And Bush attempts to revive failed Ken Lay inspired energy policy.
THE European Union would be prepared to match a Japanese offer to pay a greater share of the construction costs of the world’s first prototype nuclear fusion reactor in order to host the project, an EU source said late on Tuesday.
Japan’s electricity industry is in turmoil. This may have a big impact on the world’s energy markets
An industrial report of the State Information Center with the National Bureau of Statistics forecasts China will face a more severe power shortage this year than it did in 2003.
Throughout southern Africa, cable theft is ubiquitous, a sort of third-world analog to first-world thefts of car radios.
BRITAIN is moving closer to a blackouts crisis in the energy industry, as the Government was today accused of wasting another year by burying its head in the sand.
Soaring oil prices and EU regulations on carbon emissions are expected to result in a 40% hike in the price of electricity, and 25 % in price of gas.
For a variety of reasons, we expect fossil fuels to provide about 80 percent of the energy used in 2020, and to increase — and I emphasize increase — in absolute magnitude by about 65 million oil equivalent barrels per day. Just how much is 65 million barrels per day? Well, it is close to eight times Saudi Arabia’s current crude oil production.
US: The vagaries of economics and energy policy have compounded those of the winds. After the oil embargo passed, tax credits for alternative power fell away in the mid-1980s. Many wind companies withered.