Energy

Saudi Arabia overstated its oil reserves by 40%

To the Guardian : ” The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in show. The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the …

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Oil prices back above $100

To the AFP news agency : ” Brent crude rose on Tuesday, holding above $101 on fears that worsening turmoil in Egypt could disrupt supply flows through the strategic Suez Canal, analysts said. “ It had been more than two years than oil didn’t reach such levels. This happens as I read yesterday an interesting …

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Avanti ! Italy goes forward on solar

Italy is currently in the news more because of Berlusconi’s taste for orgies but little is written on the expansion of solar photovoltaic there. However, there is much to write as it installed 6,000 MW of solar PV capacity in 2010 alone. To Cleantechies : ” 7 GWs of PV power will yield well over …

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Was it Obama’s “moon shot speech” ?

The State of the Union speech given yesterday by President Barack Obama might well stay in the History books like John Fitzgerald Kennedy moon shot speech that sent Americans on the moon in less than a decade. Indeed President Obama asked for 80% of America’s electricity from ‘clean energy’ by 2035 (including clean coal and …

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Global clean power: A $2.3 trillion opportunity

While browsing the people I follow on Twitter I found an interesting study from the Pew Charitable Trust noting that global clean power investments could reach $2.3 trillion by 2020. Yes, that’s 1,750 billion euros ! ” the report extrapolated from 2009 clean energy investments to conclude that such financing could reach US$2.3 trillion globally …

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3 US States to cut emissions by 25 % below 1990

Are the United States staying idle in the climate change fight ? At the federal level, it seems to be the case. But at the State level, the situation is different as more and more of them are moving forward. Indeed, as CleanTechnica notes that ” Massachusetts joins California and New Mexico to cut GHGs …

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European Union to exceed its renewables goals

Good news everyone ! To Cleantechies : ” The European Union will exceed its target of meeting 20 percent of its energy needs from renewable sources by 2020 (…). Twenty-five of the 27 EU nations will meet or exceed their national targets. “ This comes from a report from the European Wind Energy Association which …

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Will 2011 be the year of energy efficiency ?

Late last year GreenTech Media published an article stating that this year will be the one dedicated to energy efficiency. As you know the potential of energy savings is quite huge. As the author notes there : ” I believe that this is the year that we will really see cleantech companies which are focused …

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Developing nations go massively in wind power

To CleanTechies developing nations will install more than 22,000 MW of wind power capacity in 2010. Of course, China is behind an important part of this, but countries like India, Mexico are also moving forward on clean energy. “If policy ambition has stalled in the industrialized world, it has if anything accelerated this year in …

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Russia to invest $300 billion in energy efficiency

Energy efficiency is the very basis of a more sustainable society and Russia seems to have understood that. This is a great news as the country is one of the largest coal consumers. As I note in my latest article for CleanTechies : “Some interesting news recently went unnoticed. Indeed, last month, Russia unveiled a …

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