Tag "costs"

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Creative accounting, creative coal

The Polish Prime Minister Beata Szydło has proudly announced a milestone on the path towards saving Poland’s mining industry: on May 1, a company called ‘The Polish Mining Group’ (Pgg) was established. It will take over 11 coal mines and

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The real cost of energy: why renewables make more sense

Energy-related greenhouse gas emissions have plateaued for the second year running – an extraordinary fact considering the global economy grew by more than 3% in the same period. But stabilizing energy-related emissions is not enough to fulfill the ambition of

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Cost of solar power could come down by as much as half by 2030

KIC InnoEnergy, the innovation engine for Europe’s energy industry has published a report revealing the role innovation could play in reducing the costs of producing electricity from the sun, by as much as half of their current levels, by 2030.

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Why America abandoned nuclear power

There’s a compelling argument that the world ought to be building many more nuclear power plants. We’ll need vast amounts of carbon-free energy to stave off global warming. It’s not at all clear that renewables can do the job alone.

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EU lacks 118 billion euros in nuclear decommissioning funds

Europe lacks more than 118 billion euros ($132 billion) needed to dismantle its nuclear plants and manage the waste storage management, a working paper by the European Commission seen by Reuters shows. Assets covering only 150.1 billion euros in decommissioning

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Climate change could cause power blackouts worldwide

The record heat waves and devastating droughts that accompany climate change could also hurt the world’s electricity production, according to a new study. As temperatures warm and drought periods grow longer and more severe over the next 50 years, the

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Solar and wind will match gas on cost by 2020, finds UK government body

The Committee on Climate Change reports that low carbon energy sources will be as affordable in the U.K. as gas by 2020, provided gas pays its fair share through a carbon price. The gathering arguments undermining the Conservative’s proposal to

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Bp to pay largest settlement with a single entity in american history

As the U.S. Department of Justice announced on Monday October 5 a final settlement with Bp over the devastating 2010 Deepwater Horizon oil spill, groups are warning that the oil giant may still nab a substantial tax break under the

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Lcoe for renewables decreases, fossil fuels see increase

The generating cost comparison between renewable energies and fossil fuels is narrowing, with 2015 recording a “significant shift,” says Bloomberg New Energy Finance (Bnef). Overall, levelised costs of electricity (Lcoes) for renewable energies are decreasing, while those for fossil fuels

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Shell abandons contentious Arctic exploration after poor results

Royal Dutch Shell has abandoned a contentious Arctic drilling campaign off the coast of Alaska and is preparing to take billions of dollars in writedowns after its exploration efforts failed to make a significant discovery. The collapse in oil prices

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