By Spencer Dale 28 June 2022 (BP) – The challenges and uncertainties facing the global energy system are at their greatest for almost 50 years, at the time of the last great energy shocks of the 1970s. Most immediate is the impact of the terrible events taking place in Ukraine, with its tragic toll on […]
By Vera Eckert and Francesca Landini 20 June 2022 FRANKFURT/MILAN (Reuters) – Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled. Germany, Italy, Austria and the […]
By Sudarshan Varadhan 27 May 2022 NEW DELHI (Reuters) – India is expected to face a wider coal shortage during the quarter ending September 2022 over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages. The energy-hungry nation expects local coal supply to fall […]
By Dan Murtaugh, Rajesh Kumar Singh, and Naureen S. Malik 22 May 2022 (Bloomberg) – Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest economies. War, drought, shortages, historically low inventories, and a pandemic backlash: energy markets across the planet have been put through […]
6 May 2022 (El Pais) – The ongoing extreme heat that India has been facing for weeks has pushed an important part of its population to the limit of survival while risking their electrical system, which still relies almost 70% on coal. During March and April of 2022, the country registered its highest average maximum […]
By António Guterres 4 April 2022 (The Washington Post) – A report released Monday by the Intergovernmental Panel on Climate Change is a litany of broken climate promises. Together with the IPCC’s previous two reports on physical science and adaptation in the past year, it reveals the yawning gap between climate pledges and reality. And the reality is that we are […]
COLOMBO, 31 March 2022 (The Straits Times) – Sri Lanka’s power minister said on Thursday (31 March 2022) that power cuts could continue into May, as many parts of the crisis-hit country currently face up to 13 hours without electricity due to a shortage of foreign currency to import fuel. Pavithra Wanniarachchi said that a […]
By Evanne Yu 25 March 2022 (SCMP) – A company in Pennsylvania has an unusual plan to deal with coal waste – crypto mining. Stronghold Digital Mining uses waste left behind by decades-old coal power plants to generate the electricity for hundreds of supercomputers working to mine bitcoin. The US Environmental Protection Agency says that […]
By Fiona Harvey 21 March 2022 (The Guardian) – The war in Ukraine risks putting global targets on the climate out of reach, the UN secretary general has warned, if countries respond to Russia’s aggression by increasing their use of fossil fuels. António Guterres said the aim of limiting global temperatures to 1.5C above pre-industrial levels, […]
By Spencer Dale 14 March 2022 (BP) – At the time of writing, the world’s attention is focussed on the terrible events taking place in Ukraine. Our thoughts and hopes are with all those affected. The scenarios included in Energy Outlook 2022 were largely prepared before the outbreak of the military action and do not include any […]