BP’s annual Technology Outlook, released last week, shows that renewable energy is at least as competitive as fossil fuels in the current energy mix.
Abu Dhabi-based clean energy company Masdar has signed an offshore wind energy storage pact with Norwegian multinational Statoil.
Gas & Oil Fired
Iran is set to upgrade a power plant serving the world’s largest gas field.
UK-based oil giant BP says, that despite the Trump administration’s soundings about reviving coal, its analysis suggests the fossil fuel’s decline is decisive.
The chairman of BP, Bob Dudley, told a press briefing at his company’s annual general meeting on Wednesday that using gas power would ensure the world meets the decarbonisation targets set out in the Paris Agreement.
Energy demand in the European Union in 2035 will be “back to where it was 50 years earlier”, despite the economy being almost 150 per cent bigger.