LONDON, July 1 (Reuters) – Sweden’s renewable energy support
scheme is compatible with European Union law, the EU’s top court
ruled on Tuesday, in a judgment that means member states will
avoid a radical overhaul of their renewable energy laws.
The EU’s Court of Justice (ECJ) said the ruling meant EU
member states can continue to limit renewables support schemes
to within their national borders.
LONDON (Reuters) – Global economic output could rise by as much as an additional $2.6 trillion (£1.53 trillion) a year, or 2.2 percent, by 2030 if government policies improve energy efficiency, waste management and public transport, according to a World Bank report released on Tuesday.
The report, produced with philanthropic group ClimateWorks Foundation, analysed the benefits of ambitious policies to cut emissions from transport, industrial and building sectors as well as from waste and cooking fuels in Brazil, China, India, Mexico, the United States and the European Union.
LONDON, June 24 (Reuters) – Global economic output could
rise by as much as an additional $2.6 trillion a year, or 2.2
percent, by 2030 if government policies improve energy
efficiency, waste management and public transport, according to
a World Bank report released on Tuesday.
The report, produced with philanthropic group ClimateWorks
Foundation, analysed the benefits of ambitious policies to cut
emissions from transport, industrial and building sectors as
well as from waste and cooking fuels in Brazil, China, India,
Mexico, the United States and the European Union.
LONDON, June 20 (Reuters) – Northern European regulators
will face a battle with many shipping companies over new EU
rules aimed at cutting pollution from ship fuels as some owners
are likely to find it cheaper to pay fines than to comply.
Ships are typically powered by heavy fuel oil or bunker oil,
both of which produce harmful pollutants such as sulphur dioxide
which can cause respiratory and heart problems.
LONDON (Reuters) – American Vanadium is aiming to capture a 20 percent share of the global market for energy-storing vanadium flow batteries by 2020 after it begins production at the only vanadium mine in the United States, its chief executive said.
Most vanadium has traditionally been used to strengthen steel but the metal is now also being employed as a component in batteries to store large amounts of power from renewable energy sources or to balance the grid when there are surges in demand.
LONDON, June 10 (Reuters) – Smaller oil explorers willing to
take financial and operational risks will lead the development
of East Africa’s oil and gas industry as majors ditch riskier
projects as margins fall, executives from several oil and gas
firms said on Tuesday.
The region has emerged as a significant prospect for the
export of liquefied natural gas (LNG) because of the size of
natural gas discoveries there and its proximity to Asia’s major
LONDON (Reuters) – Britain’s growth in solar capacity could be greater this year than last as firms snap up government subsidies for new large plants before they come to an end, said Foresight Group, a major British asset manager investing in the solar sector.
Last year, Britain installed a record of 1.5 gigawatts of new solar photovotaic (PV) capacity and overtook Italy to become the second-biggest European market after Germany, according to a major industry association.
LONDON, June 3 (Reuters) – A potential shortfall in
investment in production in the Middle East could create a $15
increase in the oil price by 2025, the energy arm of the
Organisation for Economic Cooperation and Development (OECD)
The world will need to invest $40 trillion in energy supply
and $8 trillion on energy efficiency by 2035 to meet growing
demand and falling output from mature sources of energy, the
International Energy Agency (IEA) said in a report
MILAN/LONDON, May 28 (Reuters) – Ukraine’s stored gas
reserves are sufficient to help meet domestic needs well into
the winter months should Russia cut supplies as authorities step
up efforts to rebuild inventories.
To prepare for any potential disruption, Ukraine’s gas
transit monopoly Ukrtransgas is packing 850 million cubic metres
of gas per week into underground storage sites, largely located
in its western territory.
LONDON (Reuters) – British shale gas firm Cuadrilla Resources will submit plans this month to hydraulically fracture up to four exploration wells in Lancashire, northwest England, the firm said on Monday.
Cuadrilla will apply for permission before the end of May from Lancashire County Council to drill, hydraulically fracture and test the flow of gas from up to four exploration wells at its site at Preston New Road.