The spread of coronavirus translates into lower greenhouse gas emissions. With the end of the pandemic, the situation may quickly return to pre-outbreak levels unless the industrial aid schemes are linked to pro-environmental investments.
The International Energy Agency predicts that over the next 20 years their power generation capacity will have increased 15-fold or more. According to the Polish government, during this time the generation capacity of offshore wind farms in Poland will have grown from zero to 8 GW.
According to the Wood Mackenzie Energy Transition Practice, industry risk is weighted towards new project execution as Europe and North America are in the lockdown. The scope and scale of quarantines continues but the impacts on the trajectory of the Energy Transition remain nascent.
Stockholm Arbitration Tribunal has issued a decision in favor of Polish oil and gas company PGNiG. The decision changes the method of pricing for Russian gas, attaching it to the prices for gas in Western Europe and is backdated to November 1st, 2014.
Changing the fuel source of a planned 1-GW power plant in Ostrołęka in northeast Poland, known as Ostrołęka C, from coal to natural gas may delay the project. Ostrołęka was said to be Poland’s last new coal-fired plant, but it has been criticized by environmentalists. and analysts.
Rapidly growing share of renewable energy sources in the production of electricity is turning the energy industry upside down. Some claim that this will lead to a catastrophe, large scale power outages known as “blackouts”. Others say that there is a bright future ahead of us.
Despite lofty rhetoric, the Ukrainian authorities have failed to secure any significant progress in the privatization of the country’s largest state-owned companies during the past five years. The new government promises a fundamental shift in this area.
Ukraine has the 7th largest identified hard coal deposits in the world (almost 4 per cent of the global hard coal reserves), the domestic coal mining industry is in a state of collapse, as a result of which the country is a huge importer of the "black gold".
Although Russia is still among the three global leaders in oil production, it only ranks the 8th in terms of the size of controlled oil reserves. But they are already heavily depleted and there are no new oil deposits that would be cheaper and easier to extract.
After the release of the TV series “Chernobyl”, the attention of viewers was drawn to the ecological disaster that happened many years ago in Ukraine. Still ecological concerns have been losing the battle with political and business interests in Ukraine.