- EU Pushes for More Energy-Efficient Buildings in Member States
EU Pushes for More Energy-Efficient Buildings in Member StatesBRUSSELS European Union ambassadors agreed on Wednesday to push on with new rules on energy efficiency that would encourage building renovation in member states in a bid to make greater energy savings. Ambassadors gave their backing to an agreement reached between the European Council and European Parliament. Renovation of buildings within the EU in the coming years would be key to adjusting to new energy rules and in respecting the planet in the long term. The countries would now need to establish their renovation strategies in order to have their buildings ready by 2050. Ahead of that deadline, EU buildings would already need to be equipped with control systems for consumption and energy efficiency.
- BP Predicts Natural Gas Will Be World’s Main Fossil Fuel By 2040
British Petroleum anticipates that natural gas will take over oil as the world’s main fossil fuel energy source by the year 2040, according to a new report by Reuters. Demand growth for gas—in just China alone—will rise 15 percent year-over-year, while global demand increases by 1.6 percent annually for a number of years. The oil demand curve, on the other hand, will slow to 0.8 percent growth in the meantime. Most of the gains would go to natural gas, which is considered better to the environment due to lower carbon emissions. The company has continued to invest in large-scale projects and has worked to improve efficiencies to lower its breakeven point.
- Trump escalates his war on clean energy jobs
President Donald Trump has reportedly decided to escalate his war on clean energy, the world’s biggest new source of sustainable high-wage employment. The White House wants to cut the Energy Department’s $2 billion Energy Efficiency and Renewable Energy (EERE) program by a whopping 72 percent, according to draft budget documents obtained by the Washington Post. Beijing calculates the resulting “employment will be more than 13 million people.”In this country, clean energy jobs outnumber fossil fuel jobs by more than 2.5 to 1 and have been one of the fastest growing sectors. But the president has been waging a war on clean energy jobs for over a year now, including his plans to withdraw the U.S. from the Paris climate agreement and repeal the EPA’s Clean Power Plan. Trump can’t stop the global clean energy revolution, which will generate millions and millions of jobs in the coming decades.
- Gulf States Boost Renewables Investments
Considering his pledges to make the United States “energy dominant,” President Donald Trump must take satisfaction in Department of Energy (DOE) projections of growing domestic oil production and American influence over crude prices. To power that future economy (and boost oil exports in the current one), the Saudi government is making substantial investments in renewable energy. Riyadh is planning eight renewables tenders this year, at a total cost of somewhere between $5–7 billion. GE renewables chief Jerome Pecresse claims it will take $30–$40 billion in investment for the Middle East as a whole to meet its 2035 renewable energy targets. The recent bidding for a 300 MW Saudi solar project, for example, saw a joint Masdar/Electricite de France (EDF) bid register what would have been the lowest-ever price per kWh.
- When Environmental Regulation Harms the Poor
A new study circulated by National Bureau of Economic Research (NBER) suggests building energy codes hurt the poor, too. The NBER report focuses on California, but most states adopted statewide building energy codes decades ago. Building energy codes regulate a home’s energy footprint, and they are often justified by concerns about energy-related environmental externalities. In all three categories, the impact of residential energy codes is negative for those in the lowest income quintiles. For some environmental advocates, the distributional consequences may still be justified if energy codes reduced energy use.
- India’s infrastructure output grows 4% year-on-year in December: govt data
During April-December, the annual infrastructure output growth was 4%. Photo: MintNew Delhi: India’s annual infrastructure output grew 4.0% in December from a year ago, government data showed on Wednesday. The growth in output compares with an upwardly revised 7.4% year-on-year growth in November. During April-December, the annual output growth was 4%, data showed. Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40% of India’s industrial output.
- Two countries are the reason the EU is hitting its ambitious renewable energy targets
They’re far outpacing other EU member states in the effort to replace fossil fuels with renewable energy sources. Electricity consumption rose by 0.7% in 2017That marks the third consecutive year electricity consumption increased in the EU. Since 2010, the UK has seen a 9% reduction in electricity demand, the largest of any EU country. By comparison, electricity demand fell 2% in Germany and 5% in France. Poland had the largest increased demand, growing 9% in the seven-year period.