Domestic price controls on coal and gas were implemented in Australia for a year after the governing Labor Party declared that the Greens would endorse the measure in exchange for subsidies to assist electrification. Minister Chris Bowen stated that the government had the votes to enact its energy price control policy if an agreement with the Greens was reached.
The federal government has agreed to collaborate with the Greens to establish policies to assist families and companies in making the switch from gas to electricity. Bowen stated that the “…
A Brief Summary of the Global Coal Market
Global coal demand is expected to rise relatively slightly, yet enough to reach an all-time record during the energy crisis. According to one report, the world’s coal use will stay stable in the coming years unless more efforts are made to expedite the transition to renewable energy.
According to the International Energy Agency’s most recent annual market analysis on the industry, coal consumption will …
How Ukraine/Russia Conflict Accelerates Energy Crisis
In Europe, fossil fuels account for roughly 70% of total energy use. In recent years, the continent has experienced a surge in gas usage, as gas was perceived as a cleaner energy conversion than coal and oil and more acceptable to the public than other power generators.
In terms of natural gas, the European economy is too reliant on Russia, with situations varying by country. Some countries, most notably those in…
Trends in Energy Transition to Watch in 2023
A few years ago, discussions about the worldwide energy transition focused on the increasing use of wind and solar power. Today, renewable energy is expanding due to high demand, lowering costs, and a slew of new clean energy initiatives.
As the planet grapples with the possible consequences of climate change, technological advances and policies are being developed to guarantee that we use energy more efficiently and …