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Coal consumption has already reached a plateau and power and steel industries are expected to reach peak emissions by 2025At the same time, about half of the country’s cities and provinces are moving over to renewable sources of energy
NEW YORK: Commodities prices jumped to new highs as signs of economic recovery raised hopes of renewed energy demand and a weaker dollar stoked investor appetite for precious metals.
DUBAI: State-run oil producer Saudi Aramco beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices.
LONDON: Decarbonising energy and other industries globally using hydrogen will require investment of almost $15 trillion between now and 2050, the Energy Transitions Commission (ETC) said in a report on Tuesday.
PARIS: Demand for renewables is set to increase in all key sectors in 2021 and China, which “alone accounts for about half of the increase in global renewable electricity generation, ” plays a critical role, according to chief of the International Energy Agency (IEA).
Oil prices climbed on Friday , buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India's surging second wave of Covid-19 cases limited gains.
A trio of Jack Dorsey, Cathie Wood and Elon Musk are promoting the idea that Bitcoin mining can be good for the planet actually. That’s not exactly true.
NEW YORK: Oil prices were little changed on Thursday as concerns over lower crude production in Libya offset expectations that rising coronavirus cases in India and Japan would cause energy demand to decline.