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☆ Ukrainian attacks on Russian oil refineries may be proving the Biden Administration wrong, experts say
▼ + stars: | 2024-05-11 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Ukraine has been targeting Russian oil refineries in recent months. The Biden Administration has criticized the strikes, warning of global energy price rises. AdvertisementUkraine has been ramping up attacks on Russian oil refineries in recent months as it seeks to hamper Russian export revenues and curtail fuel supplies to Russian President Vladimir Putin's forces. Advertisement"Those attacks could have a knock-on effect in terms of the global energy situation," Austin said. Related storiesThe experts said that Ukrainian attacks on oil refineries would only hinder Russia's ability to turn its oil into refined products such as gasoline and would not impact the volume of oil it can extract or export.

Persons: Biden, —, Vladimir Putin's, Radiy Khabirov, Lloyd Austin, Austin, Michael Liebreich, Lauri Myllyvirta, Sam Winter, Levy, Alexander Novak Organizations: Biden Administration, Service, Reuters, Russia's, Defense, Foreign Affairs, Bloomberg New Energy Finance, Centre for Research, Energy, Clean, Princeton University, Bloomberg Locations: Ukraine, Russia's Kaluga, Russia's Republic, Bashkortostan, Russia, China, India

☆ Ukraine says it flew a drone 930 miles into Russian territory to strike an oil refinery
▼ + stars: | 2024-05-10 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's latest aerial attack on Russian soil is its farthest one yet, Ukrainska Pravda reported, with officials saying a drone traveled 930 miles to strike an oil refinery far inside Russia's borders. AdvertisementThe strike, which has not been independently confirmed, would represent a distance record in Ukraine's ever-more ambitious series of drone strikes on Russian energy facilities. In early April, Ukraine demonstrated its drones' increasing reach after Russian officials reported strikes 620 miles inside their country. Related storiesReports claim that the White House has reached out to President Volodymyr Zelenskyy to signal its concern that hitting Russia's oil production will destabilize global energy prices. The strikes have also led to a surge in the price of refined oil products within Russia itself, they argued.

Persons: —, Ukrainska, Radiy Khabirov, Volodymyr Zelenskyy, Michael Liebreich, Lauri Myllyvirta, Sam Winter, Levy, Carnegie, Sergey Vakulenko, Ann Marie Dailey Organizations: Service, Ukrainska Pravda, Ukraine's Security Service, Gazprom, Business, RIA Novosti, Russian, White, Bloomberg New Energy Finance, Foreign Affairs, RAND Corporation Locations: Russian, Bashkortostan, Ukraine's, Ukraine, Russia

☆ China’s climate targets at risk as coal power approvals rose in 2023
▼ + stars: | 2024-02-22 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

CNN —China, the world’s top carbon polluter, is at risk of falling short on its climate targets after approving dozens of new coal plants, according to research published Thursday. In just two years, the country has approved 218 GW of new coal power, enough to supply electricity to the whole of Brazil. China approved 114 gigawatts (GW) of coal power capacity in 2023, up 10% from a year earlier. China’s total power capacity is already sufficient to meet demand, but its inefficient grid is unable to deliver electricity where it is needed, especially across provincial borders, encouraging more plant construction. “This risks significant financial problems for coal power plant operators and potential pushback against the energy transition,” said Lauri Myllyvirta, CREA’s chief analyst.

Persons: CREA, ”, Lauri Myllyvirta Organizations: CNN, Global Energy Monitor, Research, Energy, Clean Locations: China, Helsinki, Brazil

☆ China's carbon emissions set to peak before 2030 - expert poll
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Nov 21 (Reuters) - China is on track to meet a goal to bring its climate-warming carbon dioxide emissions to a peak before 2030, according to a poll of 89 experts from industry and academia published on Tuesday, though questions remain over how high the top will be. More than 70% of respondents said China, the world's biggest carbon dioxide emitter, will be able to meet the target, with two saying its emissions had already peaked, in a poll compiled by the Centre for Research on Energy and Clean Air (CREA), a Helsinki-based think tank. Still, "experts remain concerned about how high the peak emissions would reach compared to previous levels," CREA said, with a majority of respondents expecting the total to be at least 15% higher than the 2020 level. Half of the experts surveyed by CREA said they believed China would reach peak primary energy consumption before the end of this decade, though nearly a quarter still forecast it would continue to rise even after 2035. CREA's lead analyst Lauri Myllyvirta said last week it was likely China's emissions would go into a "structural decline" from next year, with renewable sources capable of meeting new energy demand.

Persons: CREA, CREA's, Lauri Myllyvirta, David Stanway, Sonali Paul Organizations: Centre for Research, Energy, Clean, Dubai, U.S, Thomson Locations: SINGAPORE, China, Helsinki, Beijing

☆ China emissions could go into 'structural decline' next year - research
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Nov 14 (Reuters) - China's greenhouse emissions could start going into "structural decline" as early as next year as power generation from fossil fuels starts to fall, analysis from the Helsinki-based Centre for Research on Energy and Clean Air (CREA) showed. However, CREA's lead analyst, Lauri Myllyvirta, said emissions could start to go into "structural decline" as early as 2024, despite an estimated rebound of 4.7% year on year in the third quarter of 2023. Factors such as record levels of new renewable installations, a rebound in hydropower generation and a moderate economic recovery that has not relied on infrastructural investment "all but guarantee" a decline in China's CO2 emissions next year, he said. "This would push fossil fuel use - and emissions - into an extended period of structural decline." Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Xie Zhenhua, Lauri Myllyvirta, David Stanway, Gerry Doyle Organizations: Research, Energy, Clean, Carbon, Thomson Locations: SINGAPORE, Helsinki, Dubai

Asia's hydropower output fell 17.9% during the seven months through July, data from energy think tank Ember showed, while fossil fuel-fired power rose 4.5%. In India, hydropower generation fell 6.2% during the eight months ended August in the sharpest decline since 2016. In some cases, the hydropower output plunge was a result of efforts to conserve water and alter supply patterns. "This trend of rapidly increasing wind or solar power generation in China could push for hydropower playing this critical regulating function, instead of operating whenever there is water," he added. However, unlike hydro, wind power is harder to forecast and control, as it varies by local weather conditions.

Persons: Carlos Torres Diaz, Rystad, Lauri Myllyvirta, Myllyvirta, Ember, Victor Vanya, Sudarshan Varadhan, Jamie Freed Organizations: REUTERS, Rights, National Bureau, International Energy Agency, Centre for Research, Clean Energy, Air, Thomson Locations: Qiaojia, Yunnan province, Ningnan, Sichuan province, China, Rights SINGAPORE, Asia, India, Vietnam, India's, Philippines, Malaysia, Ember

A Baidu search for the question "should China be more responsible for climate change? ", or variations of it, did not produce any articles critical of China's climate policy in the first few dozen results. Instead, the results, many from state media outlets, focused on China's leadership in the fight against climate change and calls for developed countries to take more responsibility. China's foreign ministry did not immediately respond to a request for comment on this story, but government spokespeople have long defended China's record on climate change and press freedom. Despite the extreme weather, China has reinforced its message about energy security rather than climate change in recent months, said CREA's lead analyst, Lauri Myllyvirta.

Persons: Doksuri, Tingshu Wang, Li Shuo, We're, Su, Fang Kecheng, Pan Zhongdang, Xi Jinping, Li, Lauri Myllyvirta, David Stanway, Barbara Lewis Organizations: REUTERS, Greenpeace, Weibo, Baidu, Chinese University of Hong, Communications, University of Wisconsin, Environmental Studies, New, Centre for Research, Energy, Clean, Thomson Locations: Zhuozhou, Hebei province, China, BEIJING, Beijing, Hebei, Chinese University of Hong Kong, United States, Madison, New York, Shanghai Campus, Shanghai

India's top solar power producing state Rajasthan has been getting "early warnings" of technical challenges that could arise as the use of renewables increases, a federal power ministry official said. "If proper tariff structures incentivising flexible thermal generation are not introduced, it could result in slower renewable energy adoption," he said. Reuters GraphicsSOLAR, PLUS COALGreen energy capacity in Asia grew 12% in 2022, the fastest rate among major regions, according to the International Renewable Energy Agency. However, authorities in India's sun-drenched Rajasthan state are finding it increasingly difficult to control voltage fluctuations due to the inconsistent nature of solar power output. "Many of these renewable plants are not actually able to comply with such requirements," the official said.

Persons: Rystad, Wood Mackenzie, Lauri Myllyvirta, Pablo Hevia, Koch, Hevia, Florence Tan, Yuka Obayashi, Andrew Hayley, Fransiska, Gopal Sharma, Mei Mei Chu, Joyce Lee, Tony Munroe, Jamie Freed Organizations: Engie, Centre for Research, Clean Energy, Air, Reuters, International Renewable Energy Agency, International Energy Agency, Thomson Locations: China, India, Asia, Wood Mackenzie SINGAPORE, Rajasthan, Pacific, Malaysia, Pakistan, Bangladesh, Vietnam, Singapore, Tokyo, Bangkok, Beijing, Jakarta, Khanh Vu, Hanoi, Kathmandu, Kuala Lumpur, Seoul

☆ The West’s oil war against Russia is starting to lose momentum
▼ + stars: | 2023-05-24 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

"Russia's export revenue in April was down substantially year-on-year, mainly due to the impact of the EU import ban and lower oil prices. Russia's oil revenue recovery expected to continueAt the start of the year, data showed Russia's revenue from fossil fuel exports had collapsed in December. It appeared to underscore the effectiveness of policymakers targeting Russia's oil revenues and sparked calls for even tougher measures to help Kyiv prevail. CREA's latest findings, however, show that Russia's oil tax revenues rose 6% month on month in April due to the increase of export revenues in March. It means that after bottoming out at the start of 2023, Russia's oil tax revenues have since recovered due to increased sales.

Persons: Vladimir Putin's, Lauri Myllyvirta, CREA, Myllyvirta, Vladimir Putin, Vyacheslav Lebedev, Mikhail Klimentyev, Isaac Levi Organizations: Europa Press, Getty, Centre for Research, Energy, Clean, European Union, Seven, Clean Air Energy, Coalition, CNBC, Kremlin, Afp Locations: Ceuta, Spain, Russia, Ukraine, Finnish, Moscow, Hiroshima, Japan, U.S, EU

☆ China's carbon emissions to hit new record in 2023 on economic rebound. But they could peak soon, report says
▼ + stars: | 2023-05-12 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s carbon emissions will likely hit a new record in 2023 on the back of an economic rebound, but a rapid expansion in green energy will enable its emissions to peak soon, a global energy think tank said on Friday. However, the emissions could peak soon, as China has accelerated its clean energy push and installed record amounts of solar and wind power capacity, the analysts pointed out. Coal production surged 11% in 2022 from 2021, according to the National Bureau of Statistics. This will lead to a sharp increase in bank lending and investment, particularly for manufacturing, transportation and energy production, they added. “When low-carbon power growth matches — and then exceeds — the annual increase in electricity demand, the sector’s CO2 emissions will peak,” they said.

"The reality is that China has more coal power capacity than it needs," said Zhang Shuwei, director at Draworld Energy Research Centre. That's equivalent to about a hundred large coal-fired plants and enough to supply the whole of Britain. China's big jump in coal power approvals has sparked fears that there will be backsliding on its climate goals. Share of coal in China's energy mixAnalysts note existing coal plants could provide sufficient backup for renewables if they were plugged into a nationwide market, but China's power sector remains fragmented. "It would be far cheaper... to incentivise provincial trading than incentivising new loss-making coal," he said.

☆ China's energy transition sees 'staggering' progress on renewables — and a coal power boom
▼ + stars: | 2023-03-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

'A hot, still summer evening is the worry'The International Energy Agency said earlier this month that, while still rising, global carbon emissions may at least be reaching a plateau. Energy-related carbon emissions added less than 1% in 2022 to a new high of more than 36.8 billion tons. Comparatively, global emissions from energy gained by 6% in 2021. "Getting China's emissions to peak has an indispensable role in peaking and declining global emissions — and the success of the overall global effort," said Lauri Myllyvirta, lead analyst at CREA. In 2020, China's Xi announced plans for the world's second-largest economy to strive for peak carbon emissions in 2030 and for carbon neutrality by 2060.watch now

☆ The West’s oil war against Russia is starting to take its toll — sparking calls for tougher measures
▼ + stars: | 2023-01-11 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Russia's revenues from fossil fuel exports collapsed in December, according to a new report, significantly hampering President Vladimir Putin's ability to finance the war in Ukraine. "The EU's oil ban and the oil price cap have finally kicked in and the impact is as significant as expected," Lauri Myllyvirta, lead analyst at CREA, said in a statement. It's essential to lower the price cap to a level that denies taxable oil profits to the Kremlin, and to restrict the remaining oil and gas imports from Russia," Myllyvirta said. The G-7, Australia and the EU implemented a $60-per-barrel price cap on Russian oil on Dec. 5. Together, the measures reflected by far the most significant step to curtail the fossil fuel export revenue that is funding the Kremlin's onslaught in Ukraine.

☆ China's CO2 emissions fall but policies still not aligned with long-term goals
▼ + stars: | 2022-11-21 | by ( David Stanway | ) www.reuters.com time to read: +3 min

SHANGHAI, Nov 21 (Reuters) - China's greenhouse gas emissions have been in decline since last year but could still be some way from their peak, with the country's policies still not fully aligned with long-term goals to limit temperature increases, a survey of Chinese experts said on Monday. Energy consumption, driven by heavy industrial economic growth, was still growing too fast to meet climate goals. Global climate talks ended on Sunday with a commitment to establish a fund to help the most vulnerable nations, but countries failed to reach a consensus on bringing global emissions to a peak by 2025. This month, an annual report by the Global Carbon Project (GBP) estimated that China's emissions would fall by 0.9% in 2022, raising hopes that they have already peaked. "Over the coming years we will see growth (in emissions) coming from China before we see stabilisation and eventually decline."

☆ EU gas emissions end post-COVID rise on cleaner supply, energy-saving-study
▼ + stars: | 2022-11-03 | by ( Avi Asher-Schapiro | ) www.reuters.com time to read: +2 min

[1/2] Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies in Niederaussem, Germany, March 3, 2016. "The post-COVID rebound in the EU's fossil fuel use and emissions has come to an end in the past few months, due to the growth in clean energy supply led by solar power, and energy saving measures precipitated by the fossil fuel supply crunch," said CREA lead analyst Lauri Myllyvirta. "Clean energy investments and policies have expanded dramatically, which will lead to a sustained and accelerated fall in emissions in the next years." Hydropower generation is now closer to historical averages, and nuclear underperformance should recover, easing Europe's reliance on pollutants, it said. World leaders are expected to discuss increasing clean energy production facilities in emerging countries during the annual United Nations climate summit in Egypt from Sunday.

Chinezii din provinciile Hunan, Jiangxi (centru) şi Zhejiang (est) sunt afectaţi de aceste restricţii atât acasă, cât și la muncă, potrivit presei şi autorităţilor locale. Lifturile, oprite pentru economie de curentLa începutul lunii decembrie, provincia Hunan a decretat stingerea, timp de mai multe ore pe zi, a iluminatului clădirilor şi a limitat încălzirea în locurile de divertisment. În provincia Zhejiang, uzinele au primit ordinul de a opri producţia, iar sistemul public de iluminat a fost oprit pe perioada nopţii pentru a reduce emisiile, susţin mass media şi internauţii. Obiectivele de mediu ale ChineiAceste incidente ilustrează provocările cu care se confruntă o China în plină dezvoltare, constrânsă să realizeze un echilibru între nevoile populaţiei sale şi angajamentele în materie de mediu. Însă tensiunile dintre China şi Australia au declanşat îngrijorări pe pieţele de materii prime, ceea ce a dus la creşterea preţului cărbunelui în China”, susţine Yan Qin, analist la Refinitiv.

Persons: Lauri, Autorităţile, Celsius, susţine Yan Locations: Hunan, Jiangxi, Helsinki, Zhejiang, China, Chinei, Beijing, Canberra, Australia

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