Tag: renewables

Fukushima region forges renewable future after nuclear disaster

by Etienne BALMER and Harumi OZAWA Agence France-Presse NAMIE, Japan (AFP) – Solar farms along tsunami-ravaged coastlines, green energy “micro-grids” and the experimental production of non-polluting hydrogen: 11 years after its nuclear nightmare, Japan’s Fukushima region is investing in a renewable future. On March 11, 2011, an earthquake unleashed a deadly tsunami on northeastern Japan, triggering a meltdown at the Fukushima nuclear plant and forcing mass evacuations over radiation fears. One year later, Fukushima’s regional […]

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Scotland moves ahead with vast wind power projects

LONDON, United Kingdom (AFP) – Scotland, fresh from hosting the COP26 climate summit, on Monday awarded offshore wind project concessions for almost £700 million ($960 million, 840 million euros). Crown Estate Scotland announced in a statement that it has granted 17 concessions via an auction process to energy companies including BP, Royal Dutch Shell and SSE, as well as Spain’s Iberdrola and France’s TotalEnergies. The final awards received a total of 74 bids, totalled £699.2 […]

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Has global oil demand hit peak? BP says it’s possible

by Jean-Baptiste OUBRIER Agence France-Presse LONDON, United Kingdom (AFP) — Global oil demand might have already peaked and will likely not stop falling for the next 30 years, hit by virus fallout and moves towards greener energy, Britain’s BP predicted Monday. At the same time, the oil cartel OPEC has revised its forecast for global demand lower this year and next for essentially the same reasons. London-listed oil giant BP, which is seeking to achieve […]

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Weak demand pushing oil, gas toward ‘terminal decline’: report

by Marlowe HOOD Agence France-Presse PARIS, France (AFP) — Falling fossil fuel demand coupled with mounting risk for investors could slash the value of oil, gas and coal reserves by two thirds, sending shock waves through the global economy, energy analysts warned Thursday. The value of projected profits for the sector could also fall by two thirds, according to a report from Carbon Tracker, a non-profit financial think tank focused on aligning capital markets with […]

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Renewables can’t deliver Paris climate goals: study

by Marlowe HOOD PARIS, France (AFP) — Expansion of renewable energy cannot by itself stave off catastrophic climate change, scientists warned Monday. Even if solar and wind capacity continues to grow at breakneck speed, it will not be fast enough to cap global warming under two degrees Celsius (3.6 degrees Fahrenheit), the target set down in the landmark 2015 Paris climate treaty, they reported in the journal Nature Climate Change. “The rapid deployment of wind, […]

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