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OPINION: Worldwide energy shortage shows up in surging coal, gas and oil prices – EQ Mag Pro

In the aftermath of the coronavirus recession, energy production has failed to keep up with rapid growth in consumption as energy producers struggle to raise output while demand has bounced back quickly. LONDON : Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the United States and oil […]

Green Push Leaves U.K. Energy Supply at the Mercy of Weather – EQ Mag Pro

The U.K.’s wind-power drive has dramatically cut carbon emissions, but it’s also created a vulnerability that’s been brutally exposed. Calm weather over the past two weeks has cut output from the country’s 11,000 turbines, which account for more than 20% of electricity generation. Coupled with a Europe-wide gas shortage, the crunch has forced some companies […]

Netherlands: EIB finances TenneT electricity transmission corridor supporting renewable energy production – EQ Mag Pro

EIB signs a €250 million loan agreement with TenneT to finance the 40km high voltage electricity transmission corridor in the north of the Netherlands between Eemshaven and Vierverlaten, as well as the new high voltage substation in Vierverlaten. The upgraded energy infrastructure will, amongst others, support the connection of North Sea wind farms to the […]

World’s largest plant capturing carbon from air starts in Iceland – EQ Mag Pro

COPENHAGEN : The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said. Swiss start-up Climeworks AG, which specialises in capturing carbon dioxide directly from the air, has partnered with Icelandic carbon storage firm Carbfix […]

Serbs protest against lithium mining, other environmental problems – EQ Mag Pro

The protesters held banners demanding protection of Serbia’s rivers, nature and air which they say have been endangered by profit-seeking government policies and decades of neglect. BELGRADE, Serbia : Several thousand people protested in Serbia on Saturday demanding a ban on planned lithium mining in the Balkan country as well as a resolution to scores […]