How Wind and Solar Power Got the Best of the Pandemic
May 13 2021, 3:45 PM
May 13 2021, 3:30 PM
May 13 2021, 3:45 PM
(Bloomberg)
(Bloomberg)
Global recessions, wars, and (yes) pandemics have a way of driving down energy demand. Last year, the International Energy Agency said the collapse in global primary energy demand brought on by Covid-19 was the biggest drop since the end of World War II, itself the biggest drop since the influenza pandemic after World War I.
Something was different about this collapse, though, something that is not only unprecedented but until recently impossible in global energy. As the IEAâs latest data shows, renewable energy grew last year, and it was the only energy source that did so as consumption of gas, oil, and coal all declined. Renewables were not just an energy growth sector; they were the only energy growth sector.
DUBAI: When Al-Jazira announced the signing of the UAE’s most high-profile player Omar Abdulrahman in August of 2019, all talk within the Arabian Gulf League fan bases was of the capital club spending their way to glory. After all, Al-Jazira were unveiling a player who just three years earlier had been crowned Asia’s best and linked to European moves summer after summer. Lined
TOKYO: Oil prices fell on Thursday, pulling back from an eight-week high as concerns about the coronavirus crisis in India, the world’s third-biggest importer of crude, tempered a rally driven by IEA and OPEC predictions that demand is coming back strongly.
Brent crude was down 66 cents, or 1 percent, at $68.66 a barrel by 4:44 a.m. GMT, after gaining 1 percent on Wednesday. West Texas Intermediate (WTI) was down 67 cents, or 1 percent, to $65.41 a barrel, having risen 1.2 percent in the previous session.
“The path for crude prices appears to be higher but until the situation improves in India, WTI will probably struggle to break above the early March high,” Edward Moya, senior market analyst at OANDA, said in a note.
GLASGOW: Around 200 protesters in a largely Muslim part of Scotland’s biggest city demonstrated as immigration officials raided a property on Thursday, the start of the festival of Eid Al-Fitr. The raid occurred in the Glasgow constituency of Scottish First Minister Nicola Sturgeon, who said she was “deeply concerned by this action by the Home Office, especially today in the
PARIS: UEFA announced on Thursday that the Champions League final between Manchester City and Chelsea had been moved from Istanbul to Porto. The match on May 29 has been switched to the Estadio do Dragao to allow English spectators to attend as travel between the UK and Turkey is suspended because of the coronavirus pandemic. Earlier, European football’s governing body