China will require automakers to comply with a cap-and-trade auto emission rule starting from 2019, the Ministry of Industry and Information Technology announced on Thursday. Car companies with annual sales of more than 30,000 vehicles would have to meet a quota of 10 percent being New Energy Vehicles (NEV’s), meaning all-electric battery vehicles or plug-in hybrids, it said in a statement.
Specialist renewable energy investor Quercus will invest over half a billion euros in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief executive told Reuters.
The planned 600-megawatt (MW) plant, located in central Iran, will be the sixth largest globally, behind projects of up to 1.5 gigawatts (GW) in China and India. The work is expected to take three years, with the project coming online in 100 MW phases every six months, Quercus said of its first project outside Europe.
Emissions from diesel cars rigged to appear eco-friendly may be responsible for 5,000 extra deaths from air pollution per year in Europe alone, according to a new study published on Monday.
The numbers are in line with previous assessments of deaths due to the so-called “Dieselgate” scandal, which erupted when carmaker Volkswagen admitted in 2015 to cheating on vehicle emissions tests. The new study, published in the journal Environmental Research Letters, focuses on the perils for Europe.
August 2 marks this year’s Earth Overshoot Day – the day the world’s consumption of resources exceeds its capacity to regenerate those resources that year.
At the Global Footprint Network NGO, researchers have determined that August 2nd is 2017’s Earth Overshoot Day – the day we have consumed more ecological resources than the earth can regenerate this year. Think of it as going over budget and running up a debt.
BP beat analyst expectations on Tuesday, despite profits more than halving from the first three months of the year after a hefty charge from an unsuccessful project in Angola. The British oil giant is the last of the world’s biggest Western oil companies to report its quarterly earnings.
The British oil giant’s profits were down from $1.5 billion in the first quarter of 2017 and lower than the $720 million reported over the same period in 2016. Shares of BP were more than 3.6 percent higher during morning deals on Tuesday.
Britain is to ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health.
The commitment, which follows a similar pledge in France, is part of the government’s much-anticipated clean air plan, which has been at the heart of a protracted high court legal battle.
Plans to ban the sale of new diesel and petrol cars by 2040 in a bid to encourage people to buy electric vehicles are a "tall order" and will place unprecedented strain on the National Grid, motoring experts have warned.
U.S. construction and fracking major Halliburton expects that the worst crude crash in a generation will lead to a spike in oil prices by 2020., according to World Oil.
Tumbling oil prices brought on by a glut of global oil has forced the industry to slash about $2 trillion in investments, according to the world’s biggest fracking provider. The oil industry has lost $2 trillion in investments due to chronically low prices, said Mark Richard senior Vice President for global business development at the World Petroleum Conference in Istanbul on Wednesday.
By 2030 Europe is aiming to have 27% of energy market in renewable energy. On June 26 New York State was the 4th State in USA to commit to 50% use of renewables by 2030. Not to mention rapid growth of the Australian and Asian markets. Picking Alpha has asked Dan Gramza to comment on the relationship between Renewable Energy and Coal Markets.
Q.: On what parts of Renewable Energy value chain do we have fully developed future markets?
D.G.: At the present time, we do not have Renewable Energy futures markets.
