The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world’s first “climate bank”.
Brazil’s president welcomed an informal invitation from Saudi Arabia for his country to join OPEC and said he’d be eager to accept. The Saudi offer highlights Brazil’s growing importance as an oil producer.
Last month the Akademik Lomonosov, a first-of-its-kind floating nuclear plant built by Russian state nuclear energy corporation, Rosatom, arrived at Pevek, a port town on the remote Chukotka Peninsula in the Russian Arctic.
While nuclear plants struggle to compete with the flood of cheap gas coming from the nation’s shale fields, they still offer a key advantage, supporters say: They generate 24-hour electricity without producing carbon emissions.
Global renewable energy capacity is set to rise by 50% in five years’ time, driven by solar photovoltaic (PV) installations on homes, buildings and industry, according to the International Energy Agency (IEA).
The U.S. Department of Energy’s nuclear security office is developing a project to help other countries handle nuclear waste. The push comes as the United States struggles to find a solution for its own mounting nuclear waste inventories.
The Head of the Risk Management and Tax Compliance Programs’ Department of the RA State Revenue Committee Arsen Sarikyan handed tax compliance certificates to another 6 economic entities on October 23, including Energy Invest Holding CJSC.