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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

"Sharp spikes in electricity prices in recent times have been causing hardship for many households and businesses around the world and risk becoming a driver of social and political tensions," said IEA executive director Fatih Birol. This is not a renewables or a clean energy crisis; this is a natural gas market crisis."

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Comment: Europe’s struggle to understand energy economics

Envirotec Magazine

The words of von der Leyen and Timmermans might turn out to be nothing more than mere political rhetoric – a prelude to blaming energy companies for seeking maximum profits during a crisis while they did their best to serve the common good. The country previously provided over 40% of all natural gas consumed in the EU.

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The Risks in Biden’s Energy Plan

R-Squared Energy

nuclear power supplied another 8.0%. Renewables, including hydropower, just 8.7%. has seen a drastic decline in coal consumption over the past decade (but global coal consumption has risen) as it has been displaced in the power sector by natural gas primarily, as well as renewables. of our energy in the U.S.;

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MIT Study: Transmission Is Key to a Low-Cost, Decarbonized US Grid

GreenTechMedia

Whether it’s politically possible for the U.S. All of these benefits can be captured with solar, wind, existing hydropower and lithium-ion battery technologies at projected 2030 prices, he added.

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New Report Shows Gap Between Utility Carbon Pledges and Climate Change Imperatives

GreenTechMedia

New research asserts most have undermined those goals by keeping coal plants running and building new natural gas plants meant to operate for decades to come. utilities that still rely on coal and natural gas for most of their generation capacity. All but one call for new natural gas plants.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Congress is under pressure to pass both bills Monday to ensure continued funding of the federal government and complete a politically pressing extension of coronavirus pandemic relief measures passed in March. R&D for clean energy, energy storage, carbon capture and nuclear power. Nuclear power will receive $6.6

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Dominion and Virginia Lawmakers Race to Define Clean Energy Goals, Offshore Wind Plans

GreenTechMedia

That’s greater than its previous commitment to reduce net carbon emissions from its power sector by 80 percent by 2050 and methane emissions from its natural-gas operations by 65% by 2030 and 80% by 2040.

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