energy resources

Why International Climate Conferences Are Failing and What We Should Do Instead: The Case for Narrower Binding Agreements

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Why International Climate Conferences Are Failing and What We Should Do Instead: The Case for Narrower Binding Agreements

Instead of focusing heavily on international climate conferences, which require unanimous support, and relying on voluntary commitments that ultimately have little impact on emissions, policymakers should pursue narrower binding agreements. We already know that this strategy works and is scalable. Mere observers of the recent United Nations Climate Change Conference (COP28) in Dubai could be … Read more

Natural gas prices could rise in the coming months. Will it surpass last year’s record?

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Europe can breathe a sigh of relief for now. Thanks to a particularly mild winter and a successfully developed strategy of diversifying supplies and reducing consumption, Europe avoided a catastrophic energy crisis that threatened to unfold after Russia’s invasion of Ukraine. Unused gas storage capacity is around 60%, which is ten percentage points above the … Read more

Do not relax. An increase in gas prices is expected in the coming months

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However, implementing such a strategy is far from easy. Although Europe managed to reduce gas consumption to around 430 billion cubic meters in 2022 (13% lower than the 2021 figure), uncharacteristically warm weather played a major role, and there were significant differences between countries. Spain, which benefited from not being dependent on Russian gas, only … Read more

VIDEO ⟩ “Latvenergo” achieved turnover and profit records last year

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Last year, the turnover of the “Latvenergo” group provisionally reached 1.842 billion euros. This is 70% more than a year ago. “It is humanly very understandable. But all the alternatives that the proponents are able to offer do not really correspond to the existing market regulation. They do not correspond to the market either. Artificially … Read more

“Everything is determined solely by the price.” The expert explains whether Latvia will have enough wood for energy needs

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Since not only in Latvia, but also abroad, more and more specialists in the sector are switching from gas to wood chip heating boilers, it was anticipated in advance that, if it continues to be exported, a significant increase in the price of wood chips will be observed, which, of course, will affect the increase … Read more

Propane gas, heated floors and solar panels

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and adds that the current situation is also interesting in that pellet heating is even more expensive than propane gas. “I admit that the wood chips might be cheaper, but some units are needed to heat it, so it might not be suitable for a small park. It would be more suitable for a real … Read more

Gazprom has believed the drop in gasoline demand from customers

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Image: GTS operator of Ukraine European nations around the world were equipped to decrease fuel buys from Russia – – EU nations and the British isles have lessened desire for Russian gasoline by almost 35 billion cubic meters. In 2022, the demand for gasoline lowered by 40 billion cubic meters. This evaluation, Wednesday, August 31, … Read more

Russia announces gas shutoff for Finland

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Photo: Gasum Finland decided to do without Russian gas – – The Finnish side expressed regret in connection with the actions of Russia, but assured that it had carefully prepared for such a development of events. Russian gas monopoly Gazprom will stop gas supplies to Finland from May 21. About it informed Finnish gas company … Read more

Putin commented on plans for an oil and gas embargo

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Putin held the meeting online – – Europe could become the region with the highest prices for gas and oil in the event of abandoning Russia’s energy resources, Putin said. A number of European countries will not be able to give up Russian oil and gas for quite some time, Russian President Vladimir Putin believes. … Read more