The International Renewable Energy Agency’s (IRENA) has reported that new renewable power–principally solar, wind, hydropower, geothermal, and bioenergy–accounted for 72% of new capacity additions in 2019.
“The World Bank is committed to supporting countries to build a resilient and sustainable future with long-term climate strategies as an integral element in their overall development plan,” said Mari Pangestu, the World Bank’s Managing Director of Development Policy and Partnerships.
Economic slowdown during the coronavirus quarantine led to decline in electricity consumption. Rosatom looks into the depth of this decline and its influence over the nuclear industry. The analysis covers countries with the largest number of operating nuclear power plants, namely, the United States, France, Russia and China, which are also among the most affected by the pandemic.
China’s apparent crude oil consumption is expected to increase by between 1 percent and 2 percent year on year, CNPC Research says, as carried by Reuters.
By Bode Agusto Crude oil is one of the principal sources of energy to the World. In 2018, its market share was 34%, other principal sources of energy were Coal and Natural gas with market shares of 27% and 24% respectively. What does crude oil do for the World?It helps us to transport our vehicles,…
Activists and businesses are making the case to make solar, offshore wind, and electric transportation a priority.
By Ijeoma Nwogwugwu With the price of a barrel of West Texas Intermediate (WTI), the benchmark for US crude oil, sinking into negative territory on Monday for May deliveries, and the price of Brent Crude – the benchmark used by Europe and the rest of the world – down by 25% to $19 yesterday, it…
By Tsvetana Paraskova Despite the historic OPEC+ production cut deal, available oil storage capacity around the world is running thin as global oil demand continues to crumble amid lockdowns and travel restrictions in many countries. OPEC and its Russia-led allies promised to remove 9.7 million bpd from the market starting in May. But oil storage…
By Bertrand Piccard and Frans Timmermans The coronavirus crisis has caused a lot of suffering and uncertainty, but its aftermath offers us an opportunity to break with old habits and build a circular, sustainable and highly competitive economy, write Frans Timmermans and Bertrand Piccard. Frans Timmermans is the executive vice-president of the European Commission. Bertrand…
By Oke Peter Rural Electrification Agency (REA) on Wednesday handed over two completed solar hybrid mini-grid plants in Abuja and Lagos. Its Managing Director, Ahmad Salihijo Ahmad, made this known in a press release to journalists. According to the statement, the two other completed solar hybrid mini-grids are slated to be handed over on Thursday…
