Covid-19 has taken its toll, but LNG market optimism remains [LNG Condensed]
Feb 17, 2021 1:45:pm
Summary The LNG market has been hard hit by the Covid-19 pandemic, and, while 2020 saw a single final investment decision made on new liquefaction capacity in stark contrast to the 70mn mt/yr capacity approved in 2019 long-term optimism about Asian demand growth remains strong. Companies have pulled back from new projects, delays have been experienced at those under construction, and some have been reduced in scale, but most major projects, particularly those that will bring new countries into the ranks of producers, continue to move forward. [LNG Condensed Volume 3, Issue 1 - January/February 2021]
Image: Shutterstock/ ELN
India will need around $500 billion (£360bn) in additional investment to reach the target of 450GW of renewable capacity by 2030.
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) estimates approximately $300 billion (£216bn) is necessary for wind and solar infrastructure.
The analysis also highlights the country’s goal necessitates nearly $50 billion (£36bn) on grid investments such as gas peakers, hydro and batteries, and $150 billion (£108bn) on expanding and modernising transmission and distribution.
A few days ago, the International Energy Agency’s India Energy Outlook 2021 estimated India will need $1.4 trillion (£1tn) in additional funding for low emissions technologies in order to be on a sustainable path over the next 20 years.
Read time: 10 mins By Justin Mikulka • Wednesday, February 17, 2021 - 08:00
Fossil fuel industry supporters and climate deniers are pushing a new climate falsehood when it comes to renewable energy: that natural gas offers a more affordable future. And they’re focusing their misinformation campaign on New Jersey.
Rather than denying the existence of climate change, the industry has switched to trying to delay the energy transition to clean energy a transition that New Jersey’s energy master plan, introduced in January 2020 by Governor Phil Murphy, hopes to achieve. The Energy Master Plan (EMP) aims to transition the state to 100 percent clean energy by 2050.
Will New Mexico learn from coal s decline? — High Country News – Know the West hcn.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hcn.org Daily Mail and Mail on Sunday newspapers.
Two reports on Tuesday looked into coal demand in India s electricity mix and global financial flows moving to renewable energy industry.A week earlier, International Energy Agency s (IEA) India energy outlook said India would need a massive .