Energy demand is growing and so is renewable energy. Coal’s share increases for the first time since 2013. Emission from energy consumption increased by 1.6%. BP statistical review of world energy, 2018 reveals some important facts – two steps forward, one step backward.
In the latest released energy plan, Japan has declared that nuclear’s share in it’s power mix would be 20-22% and that of renewable will be 22-24%, with rest being fossil fuel, by 2030. Post Fukushima, Japan had to rely heavily on imported fossil fuel, resulting in an increase in business cost. Now after safety tests and court challenges are over all the nuclear reactors in Japan have restarted. Japan had earlier declared an addition of 100 GW PV capacity by…
Experts attribute the rise in oil price on the geopolitical situation as well as the supply cuts. The economic crisis in Venezuela, sanction in Iran and situation in Lybia – political situation globally, reflecting in the soaring oil prices.
Fatima Al-Foora Al Shamsi, assistant undersecretary for electricity and future energy affairs, in UAE’s energy and industry ministry, elaborates on United Arab Emirate’s future energy plan, which will broadly be based on renewable, with a plan for largest solar park to generate 5 GW by 2030.
After mountain and ocean, Shell develops its new energy scenario, SKY, which shows a transformation to a lower-carbon energy system, with the world achieving the temperature goal of the Paris Agreement. The scenario looks more bold and a serious attempt for the compliance towards Paris accord. As Nick Butler FT column puts it, the opportunity for India to guide it’s 6-7% annual growth in future along a path that, reaches the SKY.