In that context, we look at the top 5 takeaways from this year’s Conference of Parties, the CoP27. Rich countries are pushing for China to chip in and finance to be targeted at “vulnerable” countries. #2 Oil and Gas Escaped the CensureThe Sharm El-Sheikh CoP27 failed to stop oil and gas expansion fueling further climate chaos. On the other hand, the developed and vulnerable countries wanted the talks to be long, strong, specific, and to continue until 2030. At Cop27, countries agreed that a “just and equitable energy transition” must be based on national development priorities and include social protection and solidarity measures.
It hurts everyone when this difference slows down the adoption of some technologies which are so beneficial to us all. Electric vehicles are available. They don’t have to worry if the customer starts asking for a different vehicle; market demand is our headache. Taking the deployment risk doesn’t mean the market is at a risk of faltering soon. There is no need to grow slow if you have sensed the opportunity and realised the threat it is to those who wait!1 month ago Saur Energy International
Owing to technological advancements European Offshore Wind Companies are driving a push into the Asian offshore wind marketThe world is watching as Chinese companies take on the offshore wind market . China made up 80 per cent of offshore wind capacity added worldwide in 2021, bringing its cumulative offshore wind installations to 27.7 GW. Growing Demand for Offshore Wind Energy in AsiaAsia Pacific is set to become the largest offshore wind market by 2030, according to GWEC. Japan is another proponent for offshore wind energy as the island country aims to install 10 gigawatts of offshore wind by 2030, and 45 gigawatts by end of the following decade. Western Interest in Asian MarketFrom Germany to Spain, the European offshore wind companies are aggressively moving into Asian offshore wind market as the push for decarbonization opens up opportunities in the region.1 month ago Saur Energy International
Highlights : An agreement to build one of the largest onshore wind projects in the world in Egypt was signed recently in the presence of the Presidents of the United Arab Emirates (UAE) and Egypt, according to a formal statement. As per the statement, the agreement was signed by Masdar, a company that develops renewable energy in the United Arab Emirates, together with its joint venture with Infinity, Egypt’s largest renewable energy developer, and Hassan Allam Utilities. An agreement to build one of the largest onshore wind projects in the world in Egypt was signed recently in the presence of the Presidents of the United Arab Emirates (UAE) and Egypt, according to a formal statement. According to a yearly report from Egypt’s renewable energy authority, the country’s installed electricity capacity was approximately 59.5 GW in 2019/2020. COP27 has been used a platform by Belgium, Colombia, Germany, Ireland, Japan, the Netherlands, Norway, the UK, the US to join the Global Offshore Wind Alliance (GOWA) and pledge for augmenting offshore wind energy.24 days ago Saur Energy International
The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook. Today’s energy crisis is delivering a shock of unprecedented breadth and complexity. With unrelenting geopolitical and economic concerns, energy markets remain extremely vulnerable, and the crisis is a reminder of the fragility and unsustainability of the current global energy system, the World Energy Outlook 2022 (WEO) warns. At the same time, international energy markets undergo a profound reorientation in the 2020s as countries adjust to the rupture of Russia-Europe flows. And as the world moves on from today’s energy crisis, it needs to avoid new vulnerabilities arising from high and volatile critical mineral prices or highly concentrated clean energy supply chains”1 month ago International Energy Agency
The team, which today concluded a nuclear security mission to the country, encouraged Malaysia to further develop some of its nuclear security plans and procedures, supported by a more comprehensive programme of training and exercises for nuclear security bodies. It also assessed related roles and responsibilities of Atom Malaysia, the coordination between stakeholders, arrangements for national nuclear security detection and response systems, and the security of Malaysia’s borders to protect against nuclear security threats. “Malaysia’s continuous quest to improve its nuclear security infrastructure was made clear during this INSServ mission,” said Elena Buglova, Director of the IAEA Division of Nuclear Security. During these visits the INSServ team observed Malaysia’s nuclear security capabilities relevant to MORC and some of the practices and procedures designed to protect Malaysia against nuclear security threats. “Malaysia welcomed the thorough evaluation of the overall nuclear security framework by the IAEA INSServ team,” said Monalija Kostor, acting Director General of Atom Malaysia.1 month ago International Atomic Energy Agency
Concentrated solar power (CSP) is a formidable and fascinating technique for producing solar energy on a massive scale. Concentrated Solar Thermal (CST) is a solar energy technology that harnesses sunlight to generate heat. What is concentrated solar power (CSP)? The difference between solar PV and concentrated solar powerCSP and photovoltaic solar (PV) utilise solar energy, frequently contrasting the two technologies. The plant would be Australia’s first utility-scale Concentrated Solar Power plant completed.1 month ago Energy Matters
Rishi Sunak said he supported maintaining a ban on fracking, in what would be a reversal of Liz Truss’ policy, during his first ever prime minister’s questions. The new PM has been facing MPs at the dispatch box today in his maiden outing since taking over from Liz Truss on Tuesday in the top job. Mr Sunak replied: “I’ve already said I stand by the manifesto on that,” in a reply that seemed to fall short of announcing he would reverse the ban being lifted. Wind, nuclear, renewablesEnergy policy was the opening issue Rishi Sunak faced in his first ever session of prime minister’s questions. That was part of a bid for energy self sufficiency by 2045, which included a “massive expansion in offshore wind”, but the ban on onshore deployment led to accusations of “economic illiteracy”.1 month ago Energy Voice