Month: July 2021

CNG shutdown hikes fuel cost

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Consumers of compressed natural gas (CNG) in Punjab will be forced to use expensive fuel due to supply disruption and the government will also have to import more petroleum products worth millions of dollars. It is estimated that with the closure of CNG stations, about one million users of the fuel will have to buy about 15 million litres of petrol and diesel daily in their vehicles. This will not only drastically increase the financial burden on the consumers but also environmental pollution. The government has suspended gas supply to…

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End to coal power brought forward to October 2024

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From 1 October 2024 Great Britain will no longer use coal to generate electricity, a year earlier than planned, Energy and Climate Change Minister Anne-Marie Trevelyan announced yesterday (Wednesday 30 June 2021). The move is part of ambitious government commitments to transition away from fossil fuels and decarbonise the power sector in order to eliminate contributions to climate change by 2050. Yesterday’s announcement confirms the intention set out by the Prime Minister last year to bring forward the deadline to end unabated coal-fired electricity generation. This brings forward the deadline…

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Coal-to-Gas Transition a Winning Strategy in Tianjin, China

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Reducing fine particulate emissions was a driving factor in the shift from coal to gas at the Junliangcheng power plant in Tianjin, China. Among the other benefits is a reduction in carbon dioxide emissions, which is important as the world’s most populous nation strives to become carbon-neutral before 2060. Like many countries around the world, China is on a mission to cut back on coal-fired power generation. In fact, in 2020, the portion of China’s installed electric generation capacity that was fueled by coal dipped below 50% for the first…

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Oil rises on lower U.S. stockpiles, demand recovery

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The Brent crude contract for August, due to expire on Wednesday, was up 28 cents, or 0.4% at $75.04 a barrel by 11:22 (1522 GMT.) The September contract was up 17 cents at $74.45 a barrel. U.S. West Texas Intermediate crude (WTI) was up 23 cents, or 0.3% at $73.21 a barrel. Both benchmarks are just below highs last reached in 2018, and are set to record their seventh monthly gain in the past eight months. A Reuters poll showed that Brent was seen averaging $67.48 a barrel this year…

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China is facing its worst power shortage in a decade. That’s a problem for the whole world

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China is in the middle of a huge power crunch as extreme weather, surging demand for energy and strict limits on coal usage deliver a triple blow to the nation’s electricity grid. It’s a problem that could last for months, straining the country’s economic recovery and weighing on global trade. Several Chinese provinces have said they are facing a power crunch in recent weeks, including some of the country’s most important engines for economic growth. Guangdong province — a manufacturing center responsible for $1.7 trillion, or more than 10%, of…

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