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EU wants to allow natural gas, nuclear in green investment

Renewable Energy World

BRUSSELS (AP) — The European Union on February 2 proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” Germany, Europe’s largest economy, demanded that gas be part of the plan.

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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

The IEA’s Electricity 2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% The update finds that world demand for electricity grew by 2.2% in 2023, less than the 2.4%

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'Missing link': Could nuclear power up the clean hydrogen industry?

Business Green

A new report argues that with demand for clean hydrogen set to boom, the nascent mocular reactor industry could have a key role to play in meeting surging demand. A transition from oil to hydrogen-based fuels produced using nuclear power could be achieved with a global investment of $17tr over 30 years, the report calculates.

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Amid Depressed Power Demand, Duke Sticks to Plan to Double Renewables Base

GreenTechMedia

In April the picture darkened further: Duke's total electricity sales fell 5 percent, dragged down by a 12 percent slide in demand from industrial customers that was only partially offset by higher-than-usual residential sales. Utilities across the country are reporting dramatic drops in commercial and industrial energy demand.

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'This is a natural gas market crisis': Why energy markets could be set for three more years of turmoil

Business Green

The global economy could face many more years of energy market turbulence if governments do not take steps to turbocharge their clean energy and technology investments, the IEA has warned. In its forecast, gas-fired power will grow by about one per cent annually, while coal-fired power will fall slightly.

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Xcel Targets $1.4B in Wind and Solar Investments, Outlines Broader Carbon-Reduction Goals

GreenTechMedia

billion in new wind and solar investments in the next 12 months and is outlining plans for electric vehicle charging, energy storage and green hydrogen production pilot programs to meet its goal to reach net-zero carbon emissions by 2050. billion, five-year capital investment plan from the multistate utility.

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Expanding B.C. LNG involves risky trade-offs for province’s electricity system, economy, and climate goals: report  

Clean Energy Canada

LNG in the coming years and decades as forecasts for future LNG demand vary significantly. Japan’s LNG imports, for one, have steadily declined over the last decade and fallen to their lowest level in 14 years as the country restarts nuclear power plants and builds out renewables. s intended export markets.