A total switch to renewable energy is going to wreak havoc on job markets in the United States. In some places, this will be a great thing – huge numbers of well paid, steady skilled and unskilled jobs will pop up in communities close to utility-scale solar and wind farms, for example. But in other…
India expects to add a large chunk of coal-fired power capacity in 2024, which will be the largest yearly rise in its coal fleet in at least six years. Indian utilities will bring online coal power plants with a combined capacity of 13.9 gigawatts (GW) this year, India’s power ministry told Reuters in a statement…
Industries such as steel, cement, and heavy transport account for some one-third of global greenhouse gas emissions (GHG), rendering breakthrough zero-carbon industrial products one of the most valuable assets of the world’s climate change portfolio. Heavy carbon emitting manufacturers all over the world are making the switch to cleaner industrial processes such as low-carbon electricity…
World stocks of the crop, excluding China, have declined for four straight years and inventories are at their lowest level in 15 years. That will not be the case this year, according to the company’s machine learning-based forecast models. “A favourable start to winter wheat crops in the U.S. and Russia, along with improved prospects…
Commodity prices have made headway, with gold beginning to show signs of forming a higher low and oil prices pushing higher again. Gold prices have pushed higher for a second day, after testing the 50-day simple moving average (SMA) yesterday. A higher low could be forming, which would help reinforce the uptrend and put the…
Switzerland’s nuclear power plant operators plan to keep the facilities operational for longer than initially planned, spokespeople for the large Swiss utilities Axpo Holding and Alpiq Holding told Bloomberg on Tuesday. Switzerland has four nuclear reactors, which generate up to 40% of its electricity, according to the World Nuclear Association. The Swiss voted in a…
Around 40% of the world’s coal is traded in Switzerland, as per a review. Swiss banks are among the top moneylenders to the coal business. This year, coal production should exceed eight billion tonnes worldwide, an all-time high, according to forecasts by the International Energy Agency (IEA). Coal is produced mainly in China, India, Indonesia…
Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel. Dozens of insurers have announced restrictions on their cover for the coal…
Switzerland and Italy signed an agreement on energy supply to protect themselves from possible future gas supply bottlenecks. This would help with securing gas “in the event of a supply shortage from Germany”, Swiss environment and energy minister Albert Rösti said in Rome. Rösti was in the Italian capital on Thursday to sign two agreements…
Kazakhstan exported 2.85 million tons of coal and coke to the European Union (EU) countries since the beginning of this year, as its coal is suitable for their power plants, according to the July 25 S&P Global Commodity Insights report. For comparison, Kazakhstan exported an average of 0.81 million tons of coal to EU nations…