Energy

By Julian Wettengel | – ( Clean Energy Wire ) – Top politicians from Germany and more than 60 large companies have warned that the climate crisis must continue to be a top priority, even as the world economies grapple with the impact of the coronavirus pandemic. Ahead of this week’s digital Petersberg Climate Dialogue, […]

Arab World

With Oil Cratering and Saudis facing Mountain of Debt, what Future for Arab World with Coronavirus?

Middle East Monitor

( Middle East Monitor ) – Oil prices have hit zero. Yes, oil was “sold” this week with producers only asking buyers to pay for transporting it to its final destination. This is the worst collapse in oil markets in history; it is unprecedented for oil to lose 94 per cent of its value in […]

Climate Crisis

US Oil “Technically Worthless,” and Coal Plants Shuttered, as a Tidal Wave of Bankruptcies Looms

Juan Cole

Ann Arbor (Informed Comment) – May contracts for West Texas Intermediate (WTI) crude oil went as low as -$37.63 on Monday. So report Jillian Ambrose and Martin Farrer at The Guardian. The price, well below zero, was a first for the US oil market, and showed the conviction of traders that the economy would not […]

Climate Crisis

Is Covid-19 Killing the Coal Industry in Egypt and around the World? In the Meantime, Solar Shines

Juan Cole

Ann Arbor (Informed Comment) – Simon Nicholas at South Africa’s Business Live reports that the proposed huge new Hamrawein coal-fueled power plant in Egypt has been shelved. There are now no new coal plants planned in Egypt, which is pivoting toward renewables after years of mainly relying on fossil fuels. One cause for the demise […]

Donald Trump

Trump is Using Saudi Arabia to Prop up his Big Oil Donors, and that should Worry Us

Thembisa Fakude

( Middle East Monitor ) – When Saudi Arabia approached members of the Organisation of Petroleum Exporting Countries (OPEC) and its affiliates recently to cut oil production in an attempt to cushion the impact of the falling oil prices as a result of Covid-19, Russia rejected the proposal. The subsequent spat between Moscow and Riyadh […]

Climate Crisis

Killing off the Animals: By Burning Fossil Fuels, we’ll destroy 50% of their Habitat this Century

The Conversation

By Christopher Trisos and Alex Pigot | – The impacts of climate change on species and ecosystems are already evident. Poleward shifts in the geographic distributions of species, catastrophic forest fires and mass bleaching of coral reefs all bear the fingerprints of climate change. But what will the world’s biodiversity look like in the future? […]

Petroleum

Will the Pandemic Kill Big Oil and OPEC even before the Electric Car?

Middle East Monitor

By Hani Habeeb | – ( Middle East Monitor ) – Giant oil tankers have changed into floating warehouses for oil following the sharp drop in the price per barrel. The dispute between Russia and Saudi Arabia has led to the biggest drop since 2002. It seems that US President Donald Trump’s call to Saudi’s […]

Climate Crisis

Sorry, Climate Change Denialists, but Coronavirus Makes Green Energy even More Urgent

The Conversation

By John Hewson | Climate deniers have been hanging out for the United Nations’ next big summit to fail. In a sense, the coronavirus and its induced policy responses have more than satisfied their wildest dreams, precipitating a global recession that they no doubt hope has pushed the issue of the low-carbon transition well down […]

Climate Crisis

Germany marks first ever Quarter with more than 50 pct Renewable Electricity

Clean Energy Wire

By Rachel Waldholz | – ( Clean Energy Wire) – Germany produced more than half of its electricity with renewable power in the first three months of 2020, the first full quarter in which renewables covered the majority of the country’s electricity needs. The numbers were driven by record wind and high solar production in […]