Day: July 23, 2021

ran holds some of the world’s largest proved crude oil reserves and natural gas reserves. Despite Iran’s abundant reserves, crude oil production stagnated and even declined between 2012 and 2016 as a result of nuclear-related international sanctions that targeted Iran’s oil exports and limited investment in Iran’s energy sector. At the end of 2011, in response to Iran’s nuclear activities, the United States and the European Union (EU) imposed sanctions, which took effect in mid-2012. These sanctions targeted Iran’s energy sector and impeded Iran’s ability to sell oil, resulting in…

Read More

In the last few years, the European Union has been going above and beyond in dealing with climate change. Clearly, this is far from being a case of disinterested endeavour to safeguard the planet and the environment. On the contrary, the EU’s efforts aim at reinforcing its “normative power”. In effect, the EU has gained some clout on the international stage, even vis-à-vis faraway countries like Vietnam and China. Yet, in doing so the Union embroiled in the apparent rush for more and more ambitious climate standards and targets. Therefore,…

Read More

The Dubai Electricity and Water Authority’s (DEWA), using its Space-D programme, has collaborated with Stanford University to develop an advanced system to forecast Photovoltaic (PV) production in the short term at the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world using the Independent Power Producer (IPP) model with a planned capacity of 5,000MW by 2030. The new system reduces errors in the forecast to less than 10 percent. This supports DEWA’s efforts to achieve the Dubai Clean Energy Strategy 2050 to provide 75…

Read More

A Japanese pledge to wind down gas and coal-fired electricity much faster than previously planned has sparked warnings Australia needs to speed up a transition away from fossil fuel exports. A draft revised energy mix released by Japanese officials on Wednesday said the country – Australia’s biggest market for liquefied natural gas (LNG) and thermal coal – would cut gas-fired electricity generation nearly in half and reduce coal power by more than a third by 2030. The plan, devised to help the country ramp up emissions cuts by 2030, would…

Read More

Liquefied Petroleum Gas Distributors Association (LPGDA) Chairman Irfan Khokhar underlined the need for finalizing the new LPG policy in consultation with all stakeholders so that benefits of the commodity’s controlled price could be passed on to the consumers. The chairman, in a press statement issued here, said that draft of the new policy should be shared with all stakeholders, including LPGDA, before its finalisation. He was of the view that consumers had been getting the commodity at reduced rates due to the effective policy of the incumbent government, but now…

Read More