G20 embraces renewables at energy ministers meeting lweb.es/f582
Energy ministers from the G20 affirmed their commitment to renewable energy at the first G20 Energy Ministers Meeting this October in Istanbul. This is the first time that renewable energy is on the G20 agenda.
Note that the G20 members are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK, USA, and the European Union.
OEF REVIEW: Solar installations have grown 25-30% in 2015 compared to last year, accordinbg to Mercom Capital Group’s global forecast. Global solar installation figures are illustrated from 2007 to 2015, and country-by-country forecasts are made for China, U.S., UK, India and Japan.
OEF REVIEW: According to the EIA, decreases in the cost to drill shale gas wells and continued investment in domestic production have allowed China to increase its development of shale gas. Even though shale gas is still a small proportion of the country’s overall production it could eventually help reduce natural gas imports, especially since China’s technically recoverable reserves of shale gas are the largest in the world.
OEF REVIEW:The UK Energy Statistics Report for the Second Quarter of 2015 highlights that total energy production in the UK was 10.8% higher than the same quarter of 2014, and final consumption was 2.9% higher. Total primary consumption rose 0.6% over the same period. In terms of electricity generation, gas had a share of 30.2% and coal 20.5%. Renewable electricity generation rose 51.4% compared to a year earlier, and wind generation rose 65.2%.
OEF REVIEW: The EIA Financial Review covers the following points in graphical form: Geographical distribution of oil and gas companies globally, Oil and natural gas production, Operating cash flow, Capital expenditure, Cash balances, Debt refinancing, Net hedging assets, Profitability, Debt-Equity ratios, Financial leverage, Cash flow and investment.
OEF REVIEW: This Chatham House paper considers the Asia-Pacific region’s current power distribution with regard to the four principal powers, the United States, China, India and Japan, as well as reviewing the main factors for influence in the region, that is military power, diplomacy, economic strength, development assistance, and control over natural resources. The paper then looks toward 2030 explaining what could be the possible distribution of power for that time and what such a situation could mean for regional relations.
OEF REVIEW: President Putin talks with Charlie Rose about: the Islamic State and Syria; his relations with President Obama; how Russia and the U.S. cooperate for a better world; about his popularity in Russia; his views on the U.S.; Ukraine and the Minsk agreements; the disintegration of the USSR; the Baltic States; and what he sees as his legacy.