coal
Slovakia stopped production at its last coal-fired power plant this week. Its electricity will now come almost entirely from nuclear and renewable sources. The Vojany power station, located in the Michalovce district in eastern Slovakia, opened in 1966. Slovenské elektrárne, the company that owns the plant, announced that all of the electricity generated in the Eastern European country will be free of direct CO2 as of June 2024. Slovakia originally slated its coal phaseout for 2030 but has now expedited this to mid-2024, when it will join Belgium, Austria, Sweden and Portugal as a coal-free co...
Euronews (English)
Europe's mining sector has been on the decline for several decades now, due to a variety of factors: At the beginning of the last century, Europe accounted for about 40% of global mining output. Now, that's down to 3%. China's growing dominance of the battery and rare earth minerals production and supply chain has been an ongoing threat to Europe, as it significantly contributes to China's electric vehicle sector and makes the continent, and indeed other parts of the world, heavily dependent upon China for these metals and minerals. Russia's full-scale invasion of Ukraine, which prompted a who...
Euronews (English)
EU countries representing more than 60 per cent of the bloc’s energy sector have committed to decarbonise their power sectors by 2035. New analysis by campaign group Beyond Fossil Fuels has found that 10 member states have committed to eliminating fossil fuels by 2035 or sooner. Four countries - Austria, Denmark, Lithuania and Luxembourg - have explicitly committed to replacing coal and gas with renewables. “It’s encouraging that many European governments share the ambition to usher in the fossil-free era by making 2035 power sector commitments. Now more need to follow suit,” says Tara Connoll...
Euronews (English)
Paris (AFP) - The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources and leaked documents. Behind closed doors, the US-based firm has proposed future energy scenarios to the agenda setters of the summit that are at odds with the climate goals it publicly espouses, an AFP investigation has found. An "energy transition narrative" drafted by the firm and obtained ...
AFP
Bangkok (AFP) - G20 per capita coal emissions continue to rise despite climate pledges and transition efforts by some members of the group of major economies, new research showed Tuesday. The group, whose leaders meet in New Delhi this weekend, accounts for 80 percent of global power sector emissions. But in talks in July, it failed to agree that global emissions should peak by 2025 or to massively ramp up renewable energy use. Between 2015 and 2022, per capita G20 coal emissions rose nine percent, according to the research published Tuesday by Ember, an energy thinktank that pushes for renewa...
AFP
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Rate Hike LikelyThe Labor Department on Thursday reported that unemployment claims rose to 225,000 in the latest week from a revised 216,000 in the previous week. Continuing unemployment claims increased to 1.710 million in the latest week from a revised 1.669 million in the previous week. Interestingly, continuing unemployment claims have been steadily rising since October. Q3 2022 hedge fund letters, conferences and more However, unemployment claims are still too low to impact Fed policy, so a Febr...
ValueWalk
Paris (AFP) - Microscopic air pollution caused mostly by burning fossil fuels shortens lives worldwide by more than two years, researchers reported Tuesday. Across South Asia, the average person would live five years longer if levels of fine particulate matter met World Health Organization standards, according to a report from the University of Chicago's Energy Policy Institute. In the Indian states of Uttar Pradesh and Bihar, home to 300 million, crippling lung and heart disease caused by so-called PM2.5 pollution reduces life expectancy by eight years, and in the capital city of New Delhi b...
AFP
Year 2021 was a year of rebound for most economic segments, including commodities. Several analysts now expect a record commodity bull market this year. Such expectations are backed by both technical and fundamental reasons. Supply chain disruptions and surging inflation are contributing to this rally as well. Let’s take a look at the top ten commodities of 2021. Q4 2021 hedge fund letters, conferences and more Top Ten Commodities Of 2021We used the percentage price change of commodities last year to rank the top ten commodities of 2021. Following are the top ten commodities of 2021: Rising va...
ValueWalk
Glasgow (AFP) - Global CO2 emissions mainly caused by burning fossil fuels are set to rebound in 2021 to levels seen before the Covid pandemic, according to an assessment published Thursday that served as a "reality check" to vague decarbonisation pledges at a UN climate summit. Overall, CO2 pollution this year will be just shy of the record set in 2019, according to the annual report from the Global Carbon Project consortium, released as nearly 200 nations at the COP26 climate summit confront the threat of catastrophic warming. Emissions from gas and highly polluting coal will rise this year ...
AFP
Glasgow (AFP) - Global CO2 emissions caused mainly by burning fossil fuels are set to rebound in 2021 to pre-Covid levels, with China's share increasing to nearly a third of the total, according to an assessment published Thursday. Overall, CO2 pollution this year will be just shy of the record set in 2019, according to the annual report from the Global Carbon Project consortium, released as nearly 200 nations at the COP26 climate summit confront the threat of catastrophic warming. Emissions from gas and highly polluting coal will rise this year by more than they dropped in 2020 due to the pan...
AFP
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