China announced it will establish a backup coal production system by 2027 to stabilise prices and secure coal supply, and aims to have 300 million metric tons…
Cheaper Coal Could Make Turkey Europe’s Largest Coal-Burning Nation
Cheaper coal compared to natural gas is set to make Turkey the biggest coal-burning nation in Europe this year, surpassing Germany, according to data by environmental think tank Ember cited by Reuters’…
Russian coal extraction tax to be raised again
Russian Ministry of Finance is considering the possibility of increasing the Mineral Extraction Tax (MET) on coal production. This measure will significantly increase the tax burden on coal industry amid falling prices…
Chinese Banks Lead $120 Billion Global Financing for Coal Projects
Chinese lenders arranged three-fourths of all the $120 billion in global financing for coal projects last year, new research from BloombergNEF showed on Wednesday. Chinese banks accounted for a massive 76%, or…
Russia to resume coal shipments to China via North Korean port Rajin
Russia plans to resume coal shipments via North Korean port of Rajin for further export to China. Earlier shipments through this port used to be directed to…
Swiss researchers develop method to slow ageing in mice
Scientists from the University of Fribourg have discovered a mechanism with which they were able to reduce age-related inflammation in the rodents, thus slowing the ageing process. At the end of the…
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Роман Билоусов: две страны в Европе питаются на 100% возобновляемой энергии Geothermal Heating and Cooling is About to Erupt Netherlands Loses Allure for Multinationals Роман Билоусов: две страны в Европе питаются на…
Coal Is Staging For Comeback
Despite big promises to move rapidly away from coal, the “dirtiest fossil fuel”, many countries around the world continue to rely heavily on coal production and imports for their energy needs. This…
Russian Rosneft Posts Nearly 50% Surge in Profits for 2023
Russian state-run oil company Rosneft has reported a nearly 50% jump in net profits for 2023, Reuters reports, hitting over $14 billion despite Western sanctions following Russia’s 2022 invasion of Ukraine. According…
World demand for liquefied natural gas jumps 50% by 2040: Shell
British energy group Shell on Wednesday forecast that world demand for liquefied natural gas would jump more than 50 percent by 2040, fueled by China dumping coal. “Demand for natural gas has…