energy

Philippines Ends China Talks For SCS Exploration

The Philippines said on Thursday it has terminated talks with China for a joint energy project in the South China Sea (SCS) after President Rodrigo Duterte ordered an end to negotiations.Manila signed an agreement with Beijing in 2018 to cooperate on oil and gas development as a way to benefit from the resources in the waterway while setting aside the territorial dispute.Duterte, who has taken a softer approach to Beijing's claims over most of the sea, allowed Philippine companies to res

24 June 2022
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Can Nuclear Energy Make A Comeback?

Nuclear power has been in decline since the Fukushima disaster in Japan more than a decade ago, but it may be poised for a comeback. Russia’s invasion of Ukraine and soaring natural-gas prices have led some to argue that nuclear energy can help solve the twin challenges of energy security and climate change. Is the industry back in business, or will this prove to be another false dawn? Until recently, nuclear power’s prospects seemed poor.

9 June 2022
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Why Ukraine War May Power Asia's Green Energy Move

For years there have been calls for Asia – which is home to some of the world's biggest carbon dioxide (CO2) emitters – to ditch fossil fuels to help tackle climate change.Countries in the region – including its three biggest economies China, Japan and India – were criticised last year for not making a bigger commitment at the COP26 global climate change conference.But six months on, there is another, arguably more immediate reason for Asia to make the transition away from oil, gas and c

2 June 2022
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Marcos In Nuclear Plant Talks With S Korea

Philippine president-elect Ferdinand Marcos signalled his determination to adopt nuclear power Monday, holding talks with South Korea's envoy on possibly reviving a mothballed US$2.2 billion plant built during his father's dictatorship.The 620-megawatt Bataan Nuclear Power Plant was left dormant after the elder Marcos was toppled in 1986.In the run-up to the 9 May presidential election, Marcos Junior spoke about the need for nuclear power to address exorbitant electricity costs in t

24 May 2022
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Coal Still Top Threat To Global Climate Goals

The number of coal-fired power plants in the pipeline worldwide declined in 2021, according to research released Tuesday, but the fossil fuel most responsible for global warming still generated record carbon dioxide (CO2) emissions, threatening Paris climate goals.Since the 195-nation treaty was inked in 2015, coal power capacity under construction or slated for development has dropped by three-quarters, including a 13-percent year-on-year decrease in 2021 to 457 gigawatts (GW).Globally, ther

26 April 2022
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Philippines Halts Oil & Gas Exploration In SCS

Manila has suspended oil and gas exploration in the South China Sea (SCS), Philippine President Rodrigo Duterte's spokesman said Wednesday, as it tries to strike a deal with Beijing on a joint energy project.Drilling off the Philippines was allowed to resume in October 2020 when Duterte – who has taken a softer approach than his predecessor to Beijing's claims over most of the waterway – lifted a 2014 moratorium.It was hoped that Duterte's decision would fast-track talks with B

21 April 2022
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Wind And Solar Reach Milestone As Demand Surges

Wind and solar generated 10 percent of global electricity for the first time in 2021, a new analysis shows.50 countries get more than a tenth of their power from wind and solar sources, according to research from Ember, a climate and energy think tank.As the world's economies rebounded from the COVID-19 pandemic in 2021, demand for energy soared.Demand for electricity grew at a record pace. This saw a surge in coal power, rising at the fastest rate since 1985.

1 April 2022
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World Economy To Take A Hit From Ukraine War: EBRD

The Ukraine war has major economic consequences for energy, food, inflation and poverty, according to the European Bank for Reconstruction and Development (EBRD). The EBRD's chief economist, Beata Javorcik, spoke to AFP about the fallout from Russia's invasion of Ukraine, from where more than three million refugees have fled so far.Global lenders are giving billions for Ukraine, including a two-billion-euro (US$2.2 billion) "resilience package" from the London-bas

20 March 2022
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Sanctions Will Disrupt Food, Energy Markets: Putin

Russian President Vladimir Putin warned Thursday that Western penalties against Moscow for its military incursion in Ukraine would destabilise the global energy and food markets and vowed the country would emerge stronger from the crisis.Putin's "special military operation" in Ukraine that began on 24 February has triggered unprecedented Western sanctions and sparked an exodus of international corporations from Russia.Putin on Thursday however downplayed the massive sanctions,

11 March 2022
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Putin's War And World Energy

The decision by many multinational corporations to exit Russia, after decades of engagement between global business and Russia’s state-dominated economy, indicates that investors can no longer rely on the regime to enforce the rule of law. Russian President Vladimir Putin, once regarded as a modernizing autocrat, is now clearly driven by personal obsessions rather than any rational cost-benefit calculation.

9 March 2022
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Will The Climate Agenda Be Undone?

In a recent survey, 52 percent of French citizens cited their purchasing power as a major concern. Only 29 percent mentioned the environment, putting this issue roughly on a par with the health system (30 percent) and immigration (28 percent).

2 March 2022
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