Search Results for energy
Electric Cars Pose ‘Resoundingly Negative’ Threat to Oil Companies: Analyst Fitch
So far, though, the oil industry hasn’t seemed to give plug-in electric cars much attention. ExxonMobil and OPEC have both predicted that, even by 2040, electric cars will make up less than 10 percent of global new-car sales. But a…
Gas: Use EU Storage Capacity Efficiently and Forge Trade Partnerships, Urge MEPs
The EU strategy for liquefied natural gas (LNG) must make energy supplies more secure, cut carbon emissions and deliver affordable prices say MEPs in a resolution voted on Tuesday. Parliament calls on the EU Commission to aim to reduce the…
UN Environment Finance Initiative’s Global Roundtable Kicks off in Dubai
H.E. Dr. Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment, inaugurated the UN Environment Program Finance Initiative’s 14th Global Roundtable event, hosted by the United Arab Emirates, represented by the Ministry of Climate Change and Environment and in…
World Bank Approves $1.8 Million Grant to Boost Chilean Geothermal Market
The World Bank Board has approved a US$1.8 million Clean Technology Fund grant to strengthen the Chilean Ministry of Energy’s capacity to further develop the country’s geothermal sector and improve its energy security. The grant will contribute to Chile’s Energy…
New Ways to Finance Cities
The international community has ended the global housing conference in Quito with the ratification of common guidelines for sustainable urban development in the form of the “New Urban Agenda.” KfW attended many of the conference’s events and presented its activities…
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent…
Renewables Overtake Coal as World’s Largest Source of Electricity Capacity
According to the International Energy Agency (IEA), total clean power capacity increased by 153 gigawatts, overtaking coal for the first time. “We are witnessing a transformation of global power markets led by renewables and, as is the case with other…