In less than 24 hours, the United States will elect a new President – the choice is between Republican Donald Trump and Democrat Hillary Clinton. Both have said they will support carbon capture and storage technology, with the Democrats promising more Government grants focusing on oil and natural gas. Meanwhile, […]
The IEA’s top energy analyst has called for a massive ramping up of financial investment in carbon capture and storage as world leaders prepare to meet in Marrakesh for COP22. Samantha McCulloch, IEA CCS Energy Analyst said: “Financial support mechanisms are now urgently needed if we are to scale up […]
Today, carbon capture and storage took a large step forward with the investment by the world’s ten largest oil and gas companies. The CEOs and Chairmen of the company said in a joint declaration they would invest $1 billion over 10 years to reduce their emissions. Announcing the new Oil […]
World-leading energy expert and Founder of Bloomberg New Energy Finance (BNEF), Michael Liebreich has told BNEF’s conference in Shanghai that Asia’s demand for coal will continue to grow well into the future. BNEF Founder Michael Liebreich addresses Shanghai Summit. Photo credit: @LiebreichAssoc, 2 November 2015 He also pointed to […]
Ahead of the US elections next week, the United States Energy Secretary Ernest Moniz has signalled the country must use carbon capture and storage technologies. The interview follows news that the world’s largest carbon capture and storage plant is to come online by the end of the year. The Petra […]
Every time you turn on a light that power has to be generated in real time, because electricity can’t be stored in large quantities. This is one of the main drawbacks of renewables: often they can’t generate the power needed because the sun isn’t shining isn’t or the wind isn’t blowing. […]
According to the latest IEA figures, coal produces 41% of global electricity production. The figures also state that coal-generated electricity will increase by 24% over the next 25 years. Given this, countries continue investing in coal-fired power as part of their energy mix but are taking action to mitigate emissions. The […]
Brazil is in the grips of a two-year long drought with some city reservoirs below 7% supply. The impact is being felt across industries especially the energy sector. Hydropower supplies 66 per cent of the country’s energy capacity, and with rains absent a reliable electricity supply is at serious risk. […]