An Arctic oil accident that will take years to clean up

Despite the recent freeze of the global economic activity due to the COVID-19 outbreak, climate change continues to accelerate at its own pace, reminding us the detrimental effects of decades’ pollution and greenhouse emissions that have led to the rise of the global temperatures.

One of the most serious consequences is the thawing of the Arctic permafrost, a permanent ice layer that covers large parts of the Arctic Circle; an area of major geo-economic importance both for the environmental sustainability in the north sphere as well as for the economic initiatives due to its significant fossil fuel reserves. Read more

A health global crisis turning into an energy crisis or an opportunity?

The outbreak of the COVID-19 virus seems to have hit every aspect of modern societies; from the economy, health, employment, energy and transport to politics. Media analysts and policy experts talk about the disastrous impact of the virus on the global economy and the unknown that will follow, once the global lockdown is lifted.

Amid this panic and darkness, an interesting article published on Bloomberg Green on the 1st of May appears to bring hope for the future. The article spots some interesting aspects of the lockdown on the energy sector and its positive impact on the climate (Lombrana, 2020).  Read more

Reality or just a myth

Are we entering an era where renewables and low carbon technologies are going to replace fossil fuel and the associated geopolitical complexities? Early this year, the executive director of the International Energy Agency, Dr Fatih Birol highlighted the rapid penetration of clean energy technologies into the future energy mix – especially in China, the largest energy consumer and carbon emitter. Inevitably, the energy status is changing, but little is known about the impact on the global energy economy.

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Two post-Brexit scenarios for the UK’s low carbon economy

Over the recent talks and negotiations on the UK’s future outside the EU, British lawmakers will need to decide within the next 18 months¹ which EU regulations will stay in the domestic legislation including energy efficiency policies.

Based on the latest developments, European and British experts have raised their concerns about Brexit’s impact on the UK’s low carbon future. Read more

Valuable conclusions from 2015: COP21 in Paris, Oil price drops and WEO 2015

The world has seen many developments in the international scene within 2015. Recession with drops in the oil prices, tensions in the Middle East and the COP21 that discussed the climate change action and the dynamic of the emerging green economies. With certainty, all these phenomena are intertwined and will affect future energy trends.

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