Slow growth of onshore wind power or failure of target
Saturday, 29 October 2022
According to the German government’s plan, by 2030, Germany’s onshore wind power installation will increase from 54.4 GW in 2020 to 95 GW. The industry is generally worried that, as wind power is one of the main supports for Germany to achieve its climate goals, Germany’s climate goals may be defeated according to the current
Investment in exploration and exploitation affects oil production
Saturday, 29 October 2022
Saudi Arabia’s energy minister said the lack of new investment in exploration and exploitation could trigger a new super cycle of global oil prices. Saudi prince Abdulaziz bin Salman said at the Robin Hood Investor Conference on Wednesday that his job is to prevent such a super cycle, people familiar with the matter said. He
Technology and carbon market become the main direction of attack
Saturday, 29 October 2022
Relevant studies show that there may still be 1-2 billion tons of carbon emissions in China by 2050, which needs to be reduced through negative carbon technology. In recent years, countries are paying attention to negative carbon technologies, including reforestation, ecological restoration, new building materials, soil carbon fixation, carbon capture and storage (CCUs), direct air
Major oil producing countries planned to increase production
Saturday, 29 October 2022
The organization of Petroleum Exporting Countries (OPEC) and Russia and other non OPEC oil producing countries reiterated after a ministerial meeting on the 1st that they will continue to increase oil production according to the original plan. The 17th ministerial meeting between OPEC and non OPEC oil producing countries was held by video on the
Rapid development of global solar energy industry
Saturday, 29 October 2022
Driven by the growth of electric vehicles (EV) and large-scale battery storage, there are a lot of reports about the global supply contraction of cobalt and lithium. But the International Energy Agency’s mineral supply chain report highlights the solar industry’s dependence on copper. The IEA document “the role of key minerals in clean energy transformation”
The UK is the third largest coal supporter in the world
Saturday, 29 October 2022
According to the latest report released by Research Institute reclaim finance and urgewald, since the signing of the Paris Agreement in 2015, the funds provided by major British banks for coal related projects are still increasing year by year, the Guardian reported. Although the British government has been emphasizing the policy of dealing with climate
New energy enterprises face the risk of decline
Saturday, 29 October 2022
At this stage, energy storage is not the only new energy auxiliary project. In order to pursue economy, enterprises are likely to adopt thermal power peak shaving, and new energy enterprises are not the only beneficiaries of energy storage power station construction, and their rights and responsibilities are not equal. Previously, the national development and
The world’s largest carbon market is starting up
Saturday, 29 October 2022
The national carbon emission trading market (hereinafter referred to as the “national carbon market”), which will be officially launched at the end of June, is gradually approaching, and many parties are speeding up their preparations. The reporter learned that at present, the further construction of the national carbon market registration system and trading system is
Global CO2 emissions will increase by 1.5 billion tons
Saturday, 29 October 2022
The Paris based International Energy Agency (IEA) said in its latest report on the 20th that global carbon dioxide emissions related to energy will increase by 1.5 billion tons in 2021, the largest increase since 2010. The agency called on the international community to respond quickly. In a press release released on the same day
Renewable energy promotes green and low carbon development
Saturday, 29 October 2022
Vigorously developing renewable energy is not only an important support to promote green and low-carbon development, but also an important measure for China to cope with climate change and fulfill international commitments. In recent years, China’s wind power, photovoltaic power generation and other industries have developed rapidly. By the end of 2020, the installed capacity