China exceeded its climate action targets ahead of schedule
Thursday, 30 November 2023
A recent report released by the United Nations Environment Programme shows that countries must take stronger emission reduction measures than promised in the Paris Agreement,otherwise the world will warm by 2.5 to 2.9 degrees Celsius by 2030.In response,Foreign Ministry spokesperson Wang Wenbin stated at a regular press conference on the 29th that the report once
Russia’s fuel exports surge: ban restrictions continue to relax
Thursday, 23 November 2023
So far this month,Russia’s fuel exports have surged due to the increase in processing rates by local refineries after seasonal maintenance,while Russia continues to relax export restrictions. According to data from analysis company Vortex,from November 1st to 18th,Russia’s fuel transportation volume jumped to approximately 2.4 million barrels per day,an increase of approximately 333000 barrels per
Latin America plays a key role in the global energy transformation process
Friday, 17 November 2023
The International Energy Agency(IEA)recently stated in its first Latin American regional energy outlook report that Latin America will play a crucial role in the global energy transformation process. The International Energy Agency stated that Brazil,Mexico,Chile,and Argentina have high-quality solar and wind energy resources;Chile,Peru,and Argentina are producing copper or lithium,which is a key mineral product for
Accelerated industrialization of liquid flow batteries
Wednesday, 08 November 2023
Guided by the”dual carbon”goal,the installed capacity of new energy power generation continues to increase.According to data released by the National Energy Administration,as of September 2023,the installed capacity of renewable energy in China is approximately 1.384 billion kilowatts,accounting for 49.6%of the total installed capacity in China,surpassing the installed capacity of thermal power. However,the intermittency,volatility,randomness and other
Orderly promotion of autumn and winter planting and fertilizer storage across the country
Tuesday, 31 October 2023
Currently,autumn and winter planting and fertilizer winter storage are being orderly promoted across the country.The All China Federation of Supply and Marketing Cooperatives has recently issued a notice requiring the entire system to fully leverage the role of supply and marketing cooperatives as the main channel for agricultural material circulation,fully serve agricultural production in autumn
Renewable energy will account for half of the global electricity structure by 2030
Thursday, 26 October 2023
The latest World Energy Outlook report released on the official website of the International Energy Agency(IEA)shows that in the current policy context,the number of electric vehicles worldwide is expected to increase tenfold by 2030,and renewable energy is expected to account for nearly half of the global electricity structure. Although the scale of renewable energy adoption
The International Energy Agency states that the risk of oil supply interruption is limited
Thursday, 19 October 2023
On October 13th,the International Energy Agency(IEA)announced today that the risk of oil supply disruptions due to the conflict between Israel and Hamas is limited,and the IEA is ready to intervene in the market if necessary. The attacks launched by Hamas on Israel over the weekend and Israel’s military retaliation have resulted in thousands of deaths
Renewable energy generation in the Netherlands increased to 27.6 billion kilowatt hours
Tuesday, 10 October 2023
According to the Netherlands Central Bureau of Statistics,in the first half of 2023,the total electricity generation in the Netherlands reached 59.7 billion kilowatt hours,of which renewable energy generation increased to 27.6 billion kilowatt hours,a year-on-year increase of 14%,accounting for 46%.In renewable energy,solar power generation increased by 25%year-on-year to 11 billion kilowatt hours,mainly because more and
The US Department of Energy has invested $325 million to support 15 energy storage projects
Thursday, 28 September 2023
According to the Associated Press,the US Department of Energy has announced an investment of$325 million in the development of new batteries to convert solar and wind energy into 24-hour stable electricity.This funds will be allocated to 15 projects in 17 states and a Native American tribe located in Minnesota. Batteries are increasingly being used to
UK oil and gas giant cuts investment due to windfall tax
Wednesday, 20 September 2023
British oil and gas producer Ithaca Energy has recently reduced investment and postponed some oil and gas projects this year and next due to the UK government imposing a windfall tax on the oil and gas industry. The windfall tax,also known as the energy profit tax,has forced many oil and gas companies operating offshore in