Fossil Energy News
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Managing the imbalance between energy supply and demand
Renewable energy may help reduce greenhouse gas emissions, but it presents a problem for electricity suppliers: how to meet peak demand levels with increasing reliance on intermittent energy sources. A new analysis explores options for storage that would facilitate use of renewable energy, either in isolated locations or as part of the electricity grid. Electricity currently accounts for only 12 ...
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Uranium `will supply` nuclear energy market for next 100 years - report
Amid heightened international interest in nuclear energy, countries are paying closer attention to a finite resource that helps to make nuclear power possible: uranium. A report released this week finds that new discoveries and re-evaluations of known conventional uranium resources will be adequate to supply nuclear energy needs for at least 100 years at present consumption level. Growing demand ...
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Soaring energy prices & climate change spur calls for clean energy financing
Energy experts, policymakers, financiers, and project developers from across Asia-Pacific called for massive new investments in clean energy amid spiraling costs for oil and coal and the growing threat of climate change. More than 500 experts are meeting in Manila this week to scale up investments in clean energy solutions that enhance energy security and address global warming. “The challenges ...
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Latin America under pressure to ensure energy demands are met
Imagine what would happen if scientists discovered a new source of energy that could meet 20 percent of global electricity demand at virtually no cost, and with no negative environmental impacts. Such a breakthrough would free up hundreds of billions of dollars per year in energy expenditures, allowing governments, companies and individuals to focus on other priorities. It would sharply reduce ...
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IEA commends Sweden for its sound and sustainable energy policy but urges clarification on the role of nuclear power
“Sweden has continued to make impressive progress in its energy policy over the past few years”, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA), today in Stockholm at the launch of Energy Policies of IEA Countries – Sweden 2008 Review. “Sweden is one of the leading IEA countries in the use of renewable energy and has a long tradition of ambitious and successful ...
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China’s energy efficiency the target of three new World Bank projects
Three new World Bank-financed projects, approved yesterday, will support China’s effort to improve the country’s efficient use of energy and reduce polluting emissions from power plants. Loans, totaling US$441 million and accounting for almost one third of World Bank lending planned for China in fiscal year 2008, will support the Energy Efficiency Financing Project, co-financed by a Global ...
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EC launches campaign to promote energy efficient driving
The European Commission, together with Europia, one of the partners of the Sustainable Energy Europe Campaign, have launched a number of actions to promote energy efficient driving habits among European car users. 'To reach our ambitious targets of CO2 reduction and energy savings we have to make a big effort in all sectors. In certain cases this will require high tech solutions, but in others we ...
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ADA-ES receives five-year, US$35m AC contract
ADA-ES, Inc. (Littleton, CO) announced that has received a contract from a major electric utility to supply treated activated carbon (AC) for the reduction of mercury emissions from the utility’s coal-fired power generating units. The AC supply contract extends for five years and is expected to generate revenues of about $35 million for ADA-ES. The contract also contains a one-time option for the ...
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Chemical looping is step towards fuels with lower carbon impact
A move towards fossil fuels with reduced CO2 emissions is an integral part of the transition towards a sustainable energy future. Both the energy and transportation industries could benefit from liquid hydrocarbon fuels with a smaller carbon footprint, to help meet emissions targets. New research suggests that chemical looping technologies could be used to produce fuels with a lower impact, as a ...
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Report reveals unusual energy efficient market pattern
“Big dogs eat first” is a phrase often used to describe energy markets. That is, expect large energy consumers – usually manufacturers -- to be the first at the plate to take advantage of any economic benefits. But a recent report suggests that when it comes to energy efficiency, householders may nudge the Mastiffs out of the way. The American Council for an Energy-Efficient Economy found that in ...
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US air quality agency approves first-in-the-nation fees for emissions
Jumping ahead of state and federal regulators, the San Francisco Bay Area air quality district became the first in the nation to impose fees on businesses that pump some of the highest levels of carbon dioxide into the air each year. The 15-1 vote by the Bay Area Air Quality Management District sets the stage for 2,500 companies and agencies - from supermarkets to gas stations to power plants - ...
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Hydrogen fuel cells will help reduce CO2 emissions, says WWM boss
Using fuel cells powered by hydrogen will help the next generation of harbour tugs to cut emissions, according to Michiel Wijsmuller, managing director of WorldWise Marine Engineering (WWM). Part of the Offshore Ship Designers group, WWM is working with tug operators Ijmuiden-based Iskes and Rotterdam-based Smit to develop a 50 tonne bollard pull harbour tug that will have zero emissions when on ...
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Iberdrola will invest US$8bn in renewable energies in the US during 2008-2010
Iberdrola will invest US$8 billion in the sector of renewable energies in the US during the period of 2008-2010, according to what the Company President, Ignacio Galán, announced this weekend in his speech at the XIII Forum of the US-Spain Council. This investment was planned in the Company’s Strategic Plan for the period of 2008-2010. Galán affirmed, during the event that was held in Houston ...
By Iberdrola
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Fisia Babcock started 2008 with a EUR 570m order backlog
With an order backlog of 570 million Euro (IFRS) FISIA BABCOCK ENVIRONMENT GmbH (FBE) has started in the new financial year. The development of order input and turnover of the technology company was definitely more positive than expected, explained Managing Directors Dr. Gian Paolo Maccone and Dr. Gert Riemenschneider. The sales revenue increased by 70 million up to a total amount of more than ...
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Driving down the cost of carbon capture
Post-combustion carbon dioxide capture technologies can already be used under certain conditions and pre-combustion separation uses technologies that are well established in other industrial sectors, such as fertiliser generation and hydrogen production. However, alternative technologies are being explored to further drive down costs and improve overall energy efficiency. New research has ...
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Emissions from solar power technologies continue to fall
Photovoltaic (PV) technologies which harness solar energy in solar power installations are making rapid progress. The latest life cycle analysis of four current PV systems shows a trend for all of these to have significant and increasing environmental benefits in terms of reducing emissions compared with conventional electricity production. All forms of electricity generation create emissions at ...
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ADB President says Asia must attract clean energy investments
With demand for energy in Asia soaring, governments urgently need to create the right environment to attract investments in clean energy, ADB President Haruhiko Kuroda said on Monday at a climate change seminar in Madrid. Asia’s share of worldwide greenhouse gas emissions has tripled since 1973 and it is expected to reach 42% by 2030 unless there is a dramatic change in the trend to build new ...
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US government grants Los Angeles US$213m to cut traffic congestion
A plan to cut highway traffic jams and provide better bus transit services is eligible for more than $213 million in federal congestion reduction grants, U.S. Secretary of Transportation Mary Peters said during a visit to this car-dependent city this week. The grant will allow local leaders to move forward with a plan to use proven transportation solutions like congestion pricing to improve ...
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New 4,000MW power plant to boost Indian electricity capacity
The Asian Development Bank (ADB) has executed a loan agreement for a US$450 million loan to Coastal Gujarat Power Limited (CGPL), a wholly owned subsidiary of the Tata Power Company Limited which is the largest private power utility in India. CGPL will build, own and operate the 4,000-megawatt Mundra Ultra Mega Power Project in the western state of Gujarat. This is expected to be the first in a ...
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On-board carbon capture for cars
Capturing carbon dioxide at source from vehicles in the transportation sector and small-scale power plants could significantly cut overall carbon emissions to the atmosphere in the short-term, while playing a strategic role in the development of a sustainable carbon economy in the longer-term. New research suggests that it is feasible to capture and store CO2 emissions at the point of generation ...
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