The world is constantly and almost instantaneously transforming right before our eyes. Given the complexity and interconnectedness of resulting emerging challenges it is advisable for policymakers to attempt to get ahead of the curve. This is exactly what the World Economic Forum’s “Outlook on the Global Agenda 2015” is envisioned to offer to a broad… Keep reading →
Notoriously complex global energy issues encompass science, economics, politics, the environment, demographics and social dynamics. And sometimes it seems nothing is more complicated than charting a course that effectively mitigates the worst impacts of climate change. One of the most stubborn problems is finding a way to simultaneously address energy poverty while reducing global carbon… Keep reading →
Energy News Roundup: China is Not Biggest Climate Challenge, Opec Wrestles with Supply Cut & KXL Vote TodayBy Jared Anderson
The energy poverty issue is being drawn into stark relief in India, where the government is pursuing an aggressive coal expansion strategy as it seeks to bring electricity to the over 300 million people without. The New York Times reports air quality in cities is worse than China, rising seas will impact the country disproportionately… Keep reading →
Energy News Round Up: Second Oil Discovery off Senegal Coast, Brent Crude Hits Four-Year Slump and Coal Export Demand in China and IndiaBy peterhobbs
Cairn Energy, the oil and gas explorer, has reported a second oil discovery off the coast of Senegal in West Africa. “The Edinburgh-based company described the find as “significant”, adding that the oil was of high quality. The discovery was made at its SNE-1 well in the Sangomar Deep block about 100km (62 miles)… Keep reading →
In September, India’s new environmental minister, Prakash Javadekar, caught world leaders off-guard at the UN Climate Summit when he told The New York Times that his country’s carbon-dioxide emissions were expected to continue to rise for the next 30 years. Considering India’s energy needs today, and how it hopes to develop in the coming decades,… Keep reading →
Energy News Roundup: Venezuelan Debt Default? FERC Investigates Polar Vortex and India’s 15GW-Solar ProgramBy Jared Anderson
Analysts and investors are trying to figure out the point at which oil prices fall too low for Venezuela to continue servicing its debt. The country’s export revenues are 95% oil reliant. “But this week’s fall in the oil price has further fomented worries of a possible default, pushing up Venezuelan bond yields to more than 18… Keep reading →
On 24 September 2014, the Indian Supreme Court cancelled 214 out of the 218 existing coal-mining licenses. The only mining licences which were not cancelled were four coal blocks made to Government controlled undertakings linked to major state power projects, and which did not involve a joint venture with a private company.
The decision follows a report from federal auditors in 2012, which found that India had lost roughly US $33bn due to coalfield rights being sold off cheaply. The audit report was supported by an earlier judgment of the Indian Supreme Court on 25 August 2014 where the Court declared that all 218 coal mining licenses both to private and state companies were assigned illegally by the central government in a process that lacked transparency and was arbitrary and illegal.
Back in 2011, Shell took the final investment decision (FID) on its Prelude FLNG project and started having a floating liquefied natural gas (FLNG) terminal built in South Korea in order to produce and export LNG from the so-called Browse Basin, about 300 miles off the coast of Western Australia. This project is the first… Keep reading →
The leaders of Brazil, Russia, India, China and South Africa (known as the BRICS) recently met to launch a newly-created international fund called the New Development Bank (NDB). The BRICS represent roughly a fifth of the world economy and 40 percent of the global population. The NDB will have an initial capital pool of $50… Keep reading →
Hindu nationalist Narendra Modi of the Bharatiya Janata Party (BJP) was elected Prime Minister of India in May with a strong platform of less government, more governance. Modi’s campaign stood on the pillars of development, growth, and good governance. Now, Prime Minister Modi and recently-appointed Minister of State for New and Renewable Energy, Piyush Goyal,… Keep reading →