Tuesday, June 22, 2021

21.01.11~20.01.17 Prime Minister commits £3bn UK climate finance to supporting nature

... The Prime Minister Boris Johnson will today announce that the UK will commit at least £3 billion to climate change solutions that protect and restore nature and biodiversity over five years. The funding will be allocated from the UK’s existing commitment of £11.6bn for international climate finance and will deliver transformational change in protecting biodiversity-rich land and ocean, shifting...

Australian insurer QBE to exit thermal coal over climate change

The country’s third-largest insurer said it aims to phase out all direct insurance services for thermal coal customers by 2030, but will still invest in and insure metallurgical coal and oil and gas companies.... An excerpt from Reuters

EPA pushes forward plan to increase ethanol mix in gasoline

"The latest step pushes forward a proposal that would allow the year-round sale of gasoline blended with up to 15 percent ethanol, known as E15. Also under the plan, Trump will make it harder for refiners to trade credits for biofuel use known as renewable identification numbers (RINs). The EPA on Tuesday said it will be looking for public comment...

ADB to Invest $50 Million in Avaada Energy Private Limited to Expand Renewable Energy Capacity in India

The Asian Development Bank (ADB) has signed an agreement to invest $50 million in Avaada Energy Private Limited (AEPL) to help the company rapidly scale up photovoltaic solar energy generation capacity in India.... An excerpt from ADB

Bosnian energy: A balancing act

"As Bosnia looks to phase-out coal and move towards hydropower, environmental groups are concerned by the impact on the delicate Balkan ecosystem. While both the government and the Investment Promotion Agency (FIPA) say boosting hydropower is key to reducing regional dependency on coal and to falling in line with European Union energy policies. about a third of the planned dam...

Indonesia pushes palm oil firms to take legal action against the EU

Indonesia’s government said on Monday it will encourage the country’s palm oil companies to file lawsuits against the EU if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel. Indonesia, the world’s biggest palm oil producer, has strongly condemned the EU move to classify palm as a crop that causes deforestation...

Ohio Weighs a Nuclear Plant Bailout at FirstEnergy’s Urging. Will It Boost Renewables, Too?

"The powerful utility FirstEnergy has been pushing nuclear subsidies for years. It spent big in the last election and won a power shift in the legislature." An excerpt from Inside Climate News

Venezuela: Electricity Recovery Continues as US Withdraws Diplomatic Staff

"US officials have threatened new sanctions while Venezuelan authorities continue reactivating the electric grid." An excerpt from Venezuelanalysis

IRENA reports 140GW of new solar and wind capacity were installed in 2018

More than 140 gigawatts of solar and wind generation capacity were added globally last year as solar PV consolidated its role as the growth engine of the renewables market, new figures from the International Renewable Energy Agency show.... An excerpt from IEEFA

National Grid To Acquire Geronimo Energy For U.S. Renewable Energy Development

"National Grid has agreed to acquire Geronimo Energy and its projects for at least $225 million. With the deal for Geronimo, National Grid is expanding its renewable energy focus and footprint in favorable U.S. energy markets." An excerpt from Seeking Alpha

TransCanada’s Keystone XL pipeline was flailing. Trump just revived it.

Just a couple of weeks ago, it looked like TransCanada’s Keystone XL pipeline was in hot water. Luckily for TransCanada, the company has a friend in the White House. Trump just signed a presidential permit that allows it to sidestep the courts and “construct, connect, operate, and maintain” the line between the U.S. and Canada, in addition to maintaining...

IEA: Natural Gas Prevented More Significant Rise In Global Energy-Related Co2 Emissions In 2018

The switch to natural gas for electricity generation prevented 95 million tons of CO2 emissions in 2018, according to a new International Energy Agency (IEA) report. In fact, natural gas has cut 50 percent more emissions in the United States than wind or solar combined since 2005, and this increase does not diminish the progress that the United States has...

[CASA 1000 Project] Package TW02 for Design, Supply and Installation of Transmission Lines in Pakistan associated with CASA 1000 Project

"The countries of Pakistan, Afghanistan, Tajikistan and Kyrgyz Republic together have decided to develop a cross-border transmission interconnection amongst these four countries to facilitate transfer of surplus hydropower in the Kyrgyz Republic and Tajikistan in summer to energy deficit Pakistan and Afghanistan. The proposed CASA-1000 transmission infrastructure will transfer 1300 MW of power from Tajikistan to Pakistan. The aforesaid...

Spain’S Mapfre Will Stop Insuring New Coal Plants And Mines – 9Th Insurer To Restrict Underwriting

Spain’s Mapfre is to stop insuring new coal plants and mines, becoming the ninth insurer to announce restrictions for its cover to coal. In a statement Mapfre also re-announced that it will end investment in energy companies that derive more than 30% of income from coal. The company also announced plans to be carbon neutral by 2030.... An excerpt from Unfriend...

Namibia moving toward embracing IPPs

The stumbling block, which has been preventing many Independent Power Producers (IPPs) from entering the Namibian electricity market, appears to have been moved after the country’s power utility, NamPower, signed power purchase agreements with 18 IPPs.... An excerpt from Southern Times

China to cut coal from new green bond standards – sources

Two sources with direct knowledge of the situation say China's central bank, which regulates financial institution debt issuance and whose 2015 guidelines were adopted by other market regulators, has already revised the eligibility list. One of the people said the list is due to be published later this month. The People's Bank of China did not immediately respond to...

South Korea-funded solar energy project brings power to Honduras’ rural poor

A solar energy project financed in large part by South Korea's export credit agency is bringing electricity to thousands of poor families in six of Honduras' 18 departments, officials in this capital said. South Korea's Export-Import Bank of Korea (Korea Eximbank) is providing $48.1 million in funding for the project, with the Honduran government pitching in with an additional $3...

[UNFCCC] Global Energy Interconnection Is Crucial for Paris Goals

The required acceleration of the global shift to low carbon can only be achieved through a combination of clean energy generation, modern transmission technologies and power grid interconnectivity, which all play important roles in the transition... An excerpt from UNFCCC

“Capacity Market Developments in the UK: the UK introduces interim changes to the capacity market whilst Tempus Energy’s crusade continues “

The UK announces interim measures for dealing with the capacity market in the standstill period imposed by the Tempus Decision. In the meantime, Tempus Energy is pursuing national legal action against the UK as well as launching a challenge against the European Commission's decision to approve the Polish capacity market.... An excerpt from JDSUPRA

Abp Powered By 100% Green Energy

The integrated agri-business, ABP, which has a site in Newry, has announced that it has developed an innovative renewable energy sourcing model which will enable the company to power all of its meat processing sites on the island of Ireland, exclusively from wind energy. The company has entered into an arrangement with Natural Capital Partners to match its electricity consumption...

A South Korean Government-owned company’s $700 million on a Bylong coal mine now in question

THE South Korean Government has put a question mark under the strategic case for its controversial Bylong coal mine proposal with new plans to significantly cut coal-fired power use over the next two decades because of serious air pollution concerns and to reduce carbon emissions. A draft energy plan released last week lifts the renewable energy target from 20...

ADB signs financing package to support combined-cycle power plant in Indonesia

The Asian Development Bank (ADB) today signed a private sector financing package to support the construction of a 275-megawatt combined-cycle gas turbine power plant in Riau province in central Sumatra, Indonesia, to help secure the country's energy future and provide communities with more affordable and reliable electricity. The financing consists of a $70 million A loan from ADB's ordinary capital...

Merkel backs school climate protests, but wants patience on coal exit

‘It may seem like a very long time from the perspective of the students,’ Merkel said of the deadline two decades in the future. ‘But it will be very challenging for us, and that's what I'm asking for understanding on, too.’... An excerpt from Gulf Times

Norway Says No To Billions Of Barrels Of Oil While Trump Seeks More Pipelines

Over the weekend, politicians in Norway dealt a major blow to their country’s powerful oil industry when the opposition Labor Party — Norway’s biggest political group and a traditional oil backer — said it would no longer support oil exploration off the Lofoten islands, a remote and biodiverse archipelago in the Arctic region. Norway, Western Europe’s largest oil and...

Oil steadies after Trump presses OPEC to offset Iran sanctions

Oil prices steadied on Monday, after a weeks-long rally was halted on Friday when the market tumbled after U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.... An excerpt from Reuters

New LNG trading platform to be launched in Singapore

Reuters is reporting that Kpler and Powernext plan to launch an LNG trading platform in Singapore later this year. In March, Kpler and Powernext combined their resources to set up Spark Commodities in Singapore, with Tim Mendelssohn, formerly of Koch Supply and Trading and BP, as its managing director. .. aiming to launch the trading platform by 4Q19... An excerpt from Ingindustry

Avangrid Scores Utility PPA For 150 MW Washington Solar Project

"Avangrid Renewables is developing the 150 MW solar project, which would be the largest solar project in the state once completed, the company says.  “This is an incredible example of the public and private sector coming together to transform the trajectory of renewable energy in Washington state,” says Washington Gov. Jay Inslee, who announced last October that eight state agencies...

20.09.28~20.10.04 G20エネルギ -大臣会合

...9月27日から28日、議長国サウジアラビアの下、G20エネルギー大臣会合(テレビ会議)が開催されました。サウジアラビア王国のアブドルアジーズ・ビン・サルマン・ビン・アブドルアジーズ・エネルギー大臣(HRH Abdulaziz bin Salman bin Abdulaziz, Minister for Energy)が議長を務め、我が国からは、27日のセッションに梶山弘志経済産業大臣及び鷲尾英一郎外務副大臣が出席し、28日のセッションに長坂康正経済産業副大臣が出席しました。...今次会合では、循環炭素経済(CCE: Circular Carbon Economy)、エネルギー・アクセス、エネルギー安全保障・市場安定化等について議論が行われ、同会合の成果文書として、「G20エネルギー大臣コミュニケ(英文(PDF))」が発出されました。同コミュニケでは、新型コロナウイルス感染拡大が世界のエネルギー市場の不安定化を招いている状況に対し、エネルギーシステムの強靱化に向けた国際協力の重要性を確認しました。また、安全、安価で、持続可能なエネルギーへのアクセス実現の重要性を確認しました。さらに、昨年のG20大阪サミットにおいて確認された3E+S(Energy Security(エネルギー安全保障)、Economic Efficiency(経済効率)、Environment(環境)+Safety(安全))を実現するためにはエネルギー転換が重要であることを再確認しました。同コミュニケは、本年11月21日から22日に開催予定のG20サミットに提出される予定です。〔参考〕参加メンバー参加国等:26か国・地域(サウジアラビア(議長国)、日本(前議長国)、イタリア(次期議長国)、アメリカ合衆国、アルゼンチン、オーストラリア、ブラジル、カナダ、中華人民共和国、EU、フランス、ドイツ、イギリス、インド、インドネシア、メキシコ、トルコ、韓国、ロシア、南アフリカ、ヨルダン、ノルウェー、シンガポール、スペイン、スイス、アラブ首長国連邦)招待国際機関等:11機関(KAPSARC(キングアブドラ石油研究センター)、IEA(国際エネルギー機関)、IEF(国際エネルギーフォーラム)、IRENA(国際再生可能エネルギー機関)、NEA(原子力機関)、OECD(経済協力開発機構)、GCCSI(グローバルCCSインスティテュート)、CEM(クリーンエネルギー大臣会合)、MI(ミッション・イノベーション)、SEforALL(万人のための持続可能なエネルギー)、OPEC(石油輸出国機構))An excerpt from https://www.mofa.go.jp/mofaj/press/release/press4_008798.html 20.09.28 (Mon.)World Leaders Sound Alarm About Climate Changehttps://www.ny1.com/nyc/all-boroughs/news/2020/09/27/world-leaders-to-u-n---if-coronavirus-doesn-t-kill-us--climate-change-willRepsol trabaja en proyecto pionero de captura y almacenamiento de CO2 para megayacimiento de gas en Indonesiahttps://www.elconfidencialdigital.com/articulo/ultima-hora/repsol-trabaja-proyecto-pionero-captura-almacenamiento-co2-megayacimiento-gas-indonesia/20200927143116166524.html食品ロスと気候変動を同時解決へ | 日経ESGhttps://project.nikkeibp.co.jp/ESG/atcl/column/00005/092500004/日本ロレアル・ブリュア社長「全拠点をカーボンニュートラルに」 | 日経ESGhttps://project.nikkeibp.co.jp/ESG/atcl/column/00004/092500002/温暖化対策、行動で示せ 熱波、山火事被害 ポルトガルの若者 33カ国を提訴「残された時間短い」 - 毎日新聞https://mainichi.jp/articles/20200928/ddm/007/030/169000c持続可能な航空燃料へEUの一歩 | トラベルジャーナルhttps://www.tjnet.co.jp/2020/09/28/%E6%8C%81%E7%B6%9A%E5%8F%AF%E8%83%BD%E3%81%AA%E8%88%AA%E7%A9%BA%E7%87%83%E6%96%99%E3%81%B8eu%E3%81%AE%E4%B8%80%E6%AD%A9/CPS Energy が2019年サステナビリティ報告書公開:紀伊民報AGARAhttps://www.agara.co.jp/article/8288320.09.29 (Tue.)Getting to the Sweet Spot in Curbing...

Saudi Aramco declared world’s most profitable company as financial secrets revealed

The state-run oil giant can generate profit better than any other company in the universe. At a net income of $111.1 billion, Saudi Aramco is easily outstripping U.S. behemoths including Apple Inc. and ExxonMobil Corp.... An excerpt from World Oil

Asian Development Bank invests in Asian renewables developers’ maiden green bonds

It has injected a total of $175m into AC Energy and B.Grimm Power to fund plant developments... An excerpt from AsianPower