How far will Donald Trump go?

From the day it became clear that the US election had been won by his adversary, Democrat Joseph Biden, Donald Trump has executed a multi-lane strategy: from the White House he has dedicated himself to discrediting the election and denouncing a nonexistent fraud; his lawyers in key states have presented legal recourses that have failed, but that keep the attention of the press and his followers on the idea that the election is not decided, that perhaps there is a possibility of reversing the result.

As the day arrives when the electoral college meets in Washington to cast their votes and elect Biden, Trump and his lawyers have focused on each of the key states not “certifying” the results and then asking questions about what they will do. the members of the electoral college. The task is impossible, among other things because, as all the judges have pointed out, there is no evidence whatsoever in the demands of the lawyers; but it lengthens the feeling among Trump supporters that the election was fraudulent, undermining the legitimacy of the incoming government.

At the same time, Trump and his cabinet have dedicated themselves, with a rush not seen in recent years, to taking measures that make it more difficult for the Biden administration to work on its agenda, which it announced in the campaign. On issues of the environment, energy, foreign policy and trade, pending nominations for the judiciary, the Trump administration is now in a hurry.

And at the same time, because deep down he knows he will not be in the White House after January 20, Trump is trying to take over the Republican Party to be the undisputed leader of the opposition and then the candidate for the presidency in 2024. That, For example, it would make the various investigations that are underway in state prosecutors on your finances and taxes politically complicated.

This last avenue of strategy may be the most costly for their ambitions, because it would deny any Republican candidate, which there are, the possibility until 2028. And the Republicans have lent themselves to any indecency on the part of Trump, but deny them a political future if you are not subjected to it, it could be the one that ends up costing you the most. Key weeks that come to know what or who will stop the madness that we are seeing in the United States.

@puigcarlos

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XVI Annual Congress of Cogeneration “Essential cogeneration for reactivation: Industry, Energy and Climate”

ACOGEN and COGEN Spain celebrate the XVI Annual Congress of Cogeneration on Wednesday December 2 in Madrid, at The Westin Palace Hotel (Plaza de las Cortes, 7).

The event will take place in hybrid mode, that is, in person and online. In this way, people who cannot travel to Madrid, the venue of the celebration, will be able to follow it in streaming, prior inscription.

Under the motto “Essential cogeneration for reactivation: industry, energy and climate”, Attendees will discuss the role that cogeneration will play in the reactivation of the country and its development to ensure a successful energy transition. Sara Aagesen, Secretary of State for Energy, is scheduled to open the congress.

At the first round table Energy in industry: key to rebuilding, we will have the intervention of Galo Gutiérrez, general director of Industry and PYMES of MINCOTUR. Likewise, the political representatives of PSOE, PP, Compromís, Junts per Catalunya, Unidas Podemos, ERC, PNV, Ciudadanos and Vox, will show their energy proposals for the activation of the economy.

Next, the table will take place Cogeneration in the decarbonisation of Europe, With the participation of COGEN Europe, Sedigás, Siemens Energy Spain, Rolls Royce Spain, Veolia, Solvay Química and Enagás.

The afternoon will begin with the third table, Towards future-proof regulation, with the presence of the Institute for the Diversification and Saving of Energy (IDAE), Red Eléctrica de España (REE), the National Commission of Markets and Competition (CNMC), OMIE and the Ministry for Ecological Transition and Challenge Demographic (MITECO).

In the last session of the congress will be discussed Cogeneration in the reactivation of sectors, hand in hand with the Association of Companies for the Environmental Disimpact of the Slurry (ADAP), the Apartnership National of Olive Pomace Oil Companies (ANEO), the Association Spanish of Manufacturers of Ceramic Tiles and Pavements (ASCER) and the Apartnership Spanish of Pulp, Paper and Cardboard Manufacturers (ASPAPEL).

The XVI Annual Cogeneration Congress will be closed by David Valle, general director of Industry, Energy and Mines of the Community of Madrid.

The event will take place under a secure space, complying with current regulations regarding capacity limitations and strict safety and hygiene measures.

Registration| Program

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The CO2 market, triggered by the expectation of a reactivation of the economy

Related news

The news about vaccines has caused a rebound in international markets, especially in oil, with a sharp rise of more than 8% in the price of crude oil. And that of carbon could not be less. Growing optimism from the announcement pushed the intraday price of carbon to levels last seen in early October.

The price of emission rights rose 4.4% compared to the previous day, closing at 26.55 euros.

The price of carbon in the Emissions Trading (ETS EU) walk back to september levels, 30 euros / Tn CO2, when he was marking highs not seen since August 2019.

This market depends on electricity demand and the economic situation of the European Union. If the economy grows, the industry produces more in anticipation of higher demand and electricity consumption also skyrockets.

US influence

“The European CO2 market is affected by what the energy policy will be on the other side of the Atlantic, but not in a definitive way,” he explains to Invertia Jose Maria Garcia Berrendero, corporate trader from Vertis Environmental Finance, a consultancy firm specializing in the purchase and sale of CO2 rights.

“You play with expectations, and the financial markets, which ultimately influence CO2, already moved when it was announced that Biden could be the winner of the US Elections.”

“But these elections are like a bottle of champagne, now everyone has their eyes on them, but after a few days, the governments of the European countries return to focus on how to make sure that between now and the end of the year the consumption, “he adds. Do not forget “that you know how January and February tend to be.”

Brexit yes or no

And while the world talks about the US presidential elections and vaccines to control the pandemic, an agreement on the Brexi. An issue that has had the EU ETS system in suspense for months but now it seems that it no longer affects.

“In the case of Brexit there should have been an agreement in October but it seems that a train crash between the United Kingdom and the European Union is expected by the end of the year,” concludes the expert.

In any case, “the industries that participate in this market have already discounted the exit of the United Kingdom for quite some time, and it is expected that, apart from Brexit, the CO2 price keep rising throughout this quarter and the first of 2021 “.

Although he acknowledges that “it will depend on the economic situation, and this is, to this day, unknown.”

CO2 in electricity

The EU carbon market is the bloc’s flagship policy to reduce emissions of greenhouse gases, forcing power plants, factories and airlines to buy permits to cover some of the emissions they produce.

This market depends on electricity demand and the economic situation of the European Union. If the economy grows, the industry produces more in anticipation of higher demand and electricity consumption also skyrockets.

If the price of CO2 continues to rise, it will displace the most polluting technologies, such as coal or gas. The immediate consequence is that more coal will be stopped burning, which in recent months has fallen to historic levels in Europe. If there is no other backup technology that can replace gas, electricity prices will rise, due to greater consumption of this fuel in combined cycles.

A climb that some see with good eyes to continue on the path of decarbonization. A group of German experts considers it necessary to go up to 50 euros / Tn CO2 for what the European Union meets its ambitious post-Covid green recovery plan and the climate targets of its Green Deal.

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This is how you can take advantage of Covid funds against the other crisis that is already looming

Related news

Since the beginning of the pandemic, economies of all the countries in the world (also in Spain) have suffered an unprecedented stoppage due to confinements to slow the spread of infections. To boost activity again, governments have been providing recovery funds for the Covid-19 crisis for weeks. So far, more than 12 trillion dollars they have been invested for this purpose.

A team of scientists, led by Marina Andrijevic from Climate Analytics, notes that a minimum fraction of that annual budget could steer the world toward the climate goals of the Paris Agreement. The study is published in the journal Science.

“In our new analysis we show that the opportunity can be seized to meet climate targets if part of the fiscal stimulus is invested of Covid in a positive recovery for the climate, “says Andrijevic, also a researcher at the University of Humboldt, Germany, to SINC.

Although this would pose a political challenge, according to experts, this climate ‘rescue’ it would stimulate the world economy and accelerate the deployment of energy efficiency measures and the supply of renewable energy.

Short term

The team of scientists compared the size of aid packages for Covid-19 in 149 countries with the estimate of investment needs in low carbon energies, compatible with the Paris Agreement. Their findings show that these green solutions would be “within budget” for Covid-19.

The researchers estimated the annual investment in alternative energy sources to be about $ 1.4 trillion Americans worldwide. This estimate, valued in the short term – from 2020 to 2024 – is equivalent to 10% of the total economic fund used so far to reverse the effects of covid. Five years from now, investment in green energies would account for about half of the aid poured so far to face the consequences of Covid-19.

However, financial aid from the health crisis is expected to be spent over the course of a few years. Given that at that time governments may return to the climate policies prior to Covid, not very ambitious, Experts suggest additional investments of $ 300 billion annually globally through 2024.

These additional investments would be equivalent to 3% of the aid already granted throughout 2020, and 12% if you take into account the five-year period. In short, if even a fraction of the current government stimulus were responsibly directed toward a ecological recovery, marginal benefits for a low-carbon future could be considerable “, emphasize the authors in the work.

The researcher points out that this does not mean that energy systems are decarbonized by then, “but rather that with these annual investments, the global economy would have taken an important and positive step towards preventing dangerous climate change, “he emphasizes.

Prevent the effects

The main objective of the Paris Agreement is to limit the global increase in temperature to below 2 ºC before the end of the century, and to continue efforts to keep it below 1.5 ºC. To do this, it is necessary to reduce the use of fossil fuels, increase the use of low-carbon renewable energy sources, and improve energy efficiency.

“Current efforts by all governments are insufficient to achieve these goals. Current policies are leading us towards a 3 ° C temperature rise above pre-industrial levels. This will entail greater risks and more severe impacts, such as droughts, floods and storms, “the expert warns.

Although the researcher does not expect governments to make all these investments in low-carbon energies, the study makes it possible to make visible the investments necessary to decarbonise energy systems, “as well as showing that it’s possible when a crisis is taken seriously “, he emphasizes.

“Through this painful lesson, Covid is teaching us that decisive leadership, quick action and the rational use of scientific advice is a good recipe to face a global crisis. We must not miss the opportunity to use this lesson and see how we are tackling climate change, “he concludes.

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Return of the Edict of Augustus and the Pact for Climate and Energy

The Plenary approved the Covenant of Mayors for Climate and Energy, at which time the Councilor for Social Welfare, Lorena González, from Podemos, took the opportunity to criticize the Cosmos and Forestalia projects, because they would go the opposite way. It would be “hypocritical,” he said, not to.

The session, which set September 8 and 9, 2021 as holidays, and reported the resignation for work reasons of the mayor of the PP, Roberto Mendo – praised by the popular spokesman, but also by the socialist mayor himself – concluded with the approval of a motion of the PRB to demand the cession of the Edict of Augustus, also called Edict of Bembibre, to the Museo del Bierzo. The PSOE abstained by understanding that Bembibre has already claimed the same. Coalition for the Bierzo attributed the problems to obtain the transfer to the conditions imposed by the director of the Museum of León, Luis Grau,

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Trump targets Biden’s energy policy – NBC Denver

WASHINGTON, DC – President Donald Trump tried to scandalize Joe Biden’s energy policy on Saturday, hoping that the Democratic candidate’s promise to reduce dependence on fossil fuels will hurt him in key states like Pennsylvania and Ohio.

Ten days before the November 3 elections, both Trump and Biden stepped up their agenda this Saturday, the first with three rallies in the key states of North Carolina, Ohio and Wisconsin and the second with two appearances in crucial Pennsylvania.

A day after the United States reached a new daily record for COVID-19 infections, with more than 85,000, Trump tried to divert attention from his management of the pandemic and emphasized it in a phrase that Biden said at the end from the last debate between the two, held on Thursday in Nashville, Tennessee.

In that meeting, the former vice president affirmed that, if he comes to power, he will “gradually” reduce dependence on the “oil industry” in the United States, to face the climate crisis.

Biden tried to qualify his comments after the debate, recalling that what he wants is to withdraw subsidies for fossil fuels and that his plan would not eliminate those energy sources until 2050, when he wants the country to have achieved net zero gas emissions. with greenhouse effect.

However, the Trump campaign saw in those statements a mine to be exploited in states such as Pennsylvania or Ohio, where tens of thousands of jobs in the coal and oil industries have been lost in recent years.

Both used their hands, their looks and their bodies during the last presidential debate.

“In the last question (of the debate, Biden) said that we would be dispensing with oil. And he has spent the last two days trying to convince them that he did not really say that,” Trump said during the first of his three rallies, in Lumberton. , North Carolina.

At that event and the next, in Circleville, Ohio, the Trump campaign screened a video full of statements from last year in which Biden expressed his willingness to end “fracking,” a controversial hydrocarbon extraction technique. hydraulic fracturing.

Since he became a Democratic candidate, Biden has changed his position and now promises that he will not end the technique that has generated so many jobs in states like Pennsylvania.

Randy Serrano gives us the details.

“I will not ban ‘fracking’ in Pennsylvania. I will protect jobs in Pennsylvania, period. No matter how many times Donald Trump lies,” Biden insisted this Saturday at the second of his two rallies of the day in Pennsylvania.

From Luzerne County, which used to be a Democrat but Trump won in 2016, the former vice president argued that it makes sense to eliminate the “$ 40 billion in fossil fuel subsidies and invest that money in clean energy.”

“I have a plan to create millions of clean energy jobs in the wind, solar and carbon capture sectors, while Donald Trump has not fulfilled his promise of a great infrastructure plan,” stressed Biden, accompanied at his rally by singer Jon Bon Jovi.

We explain what was true and what lie about what both presidential candidates said.

Although the Trump campaign has rubbed its hands over Biden’s remarks in the debate, it is unclear whether those comments will do him too much damage at the polls, because his position has already been known since he presented his energy plan in July.

Biden leads Trump in Pennsylvania by 5.8 percentage points, a margin that has narrowed in the last week; while in Ohio, it is the president who leads the polls by just 1.1 points, according to the weighted average produced by the specialized website FiveThirtyEight.

Trump expressed his position on the polls transparently this Saturday, which in 2016 failed to predict his victory: “When I have them on my side, I like them, I repeat them all the time, I say they are great. When they don’t give me the advantage, I’m not talking about them, “he admitted in North Carolina.

This is the former vice president’s response when Trump falsely claims that Biden criticized travel restrictions due to the coronavirus.

Another topic the president prefers not to talk about is COVID-19, which has already infected more than 8.5 million in the United States, where there is a spike in cases that mainly affects the Midwest and the states that cross the Rocky Mountains.

“Do you know why we have so many cases? Because we do many tests. And in many ways, that is good, and in many others, it is stupid. In many ways, it is very stupid,” because it allows the media to criticize his management, he said. Trump from North Carolina.

Experts disagree with Trump’s argument that cases go up simply because more tests are done, a logic that ignores the fact that the percentage of tests that test positive has risen more than one percentage point since the beginning. October, up to 5.8% today.

Although Trump says he is sure that he will achieve re-election, The Washington Post newspaper revealed this Saturday that, during a fundraising event on Thursday, the president confessed that it will be “very difficult” for his party to retain control of the Senate after the elections, and that he “doesn’t want” to help some Republican senators win.

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Trump targets Biden’s energy policy – NBC Utah

WASHINGTON, DC – President Donald Trump tried to scandalize Joe Biden’s energy policy on Saturday, hoping that the Democratic candidate’s promise to reduce dependence on fossil fuels will hurt him in key states like Pennsylvania and Ohio.

Ten days before the November 3 elections, both Trump and Biden stepped up their agenda this Saturday, the first with three rallies in the key states of North Carolina, Ohio and Wisconsin and the second with two appearances in crucial Pennsylvania.

A day after the United States reached a new daily record for COVID-19 infections, with more than 85,000, Trump tried to divert attention from his management of the pandemic and emphasized it in a phrase that Biden said at the end from the last debate between the two, held on Thursday in Nashville, Tennessee.

In that meeting, the former vice president affirmed that, if he comes to power, he will “gradually” reduce dependence on the “oil industry” in the United States, to face the climate crisis.

Biden tried to qualify his comments after the debate, recalling that what he wants is to withdraw subsidies for fossil fuels and that his plan would not eliminate those energy sources until 2050, when he wants the country to have achieved net zero gas emissions. with greenhouse effect.

However, the Trump campaign saw in those statements a mine to be exploited in states such as Pennsylvania or Ohio, where tens of thousands of jobs in the coal and oil industries have been lost in recent years.

Both used their hands, their looks and their bodies during the last presidential debate.

“In the last question (of the debate, Biden) said that we would be dispensing with oil. And he has spent the last two days trying to convince them that he did not really say that,” Trump said during the first of his three rallies, in Lumberton. , North Carolina.

At that event and the next, in Circleville, Ohio, the Trump campaign screened a video full of statements from last year in which Biden expressed his willingness to end “fracking,” a controversial hydrocarbon extraction technique. hydraulic fracturing.

Since he became a Democratic candidate, Biden has changed his position and now promises that he will not end the technique that has generated so many jobs in states like Pennsylvania.

Randy Serrano gives us the details.

“I will not ban ‘fracking’ in Pennsylvania. I will protect jobs in Pennsylvania, period. No matter how many times Donald Trump lies,” Biden insisted this Saturday at the second of his two rallies of the day in Pennsylvania.

From Luzerne County, which used to be a Democrat but Trump won in 2016, the former vice president argued that it makes sense to eliminate the “$ 40 billion in fossil fuel subsidies and invest that money in clean energy.”

“I have a plan to create millions of clean energy jobs in the wind, solar and carbon capture sectors, while Donald Trump has not fulfilled his promise of a great infrastructure plan,” stressed Biden, accompanied at his rally by singer Jon Bon Jovi.

We explain what was true and what lie about what both presidential candidates said.

Although the Trump campaign has rubbed its hands over Biden’s remarks in the debate, it is unclear whether those comments will do him too much damage at the polls, because his position has already been known since he presented his energy plan in July.

Biden leads Trump in Pennsylvania by 5.8 percentage points, a margin that has narrowed in the last week; while in Ohio, it is the president who leads the polls by just 1.1 points, according to the weighted average produced by the specialized website FiveThirtyEight.

Trump expressed his position on the polls transparently this Saturday, which in 2016 failed to predict his victory: “When I have them on my side, I like them, I repeat them all the time, I say they are great. When they don’t give me the advantage, I’m not talking about them, “he admitted in North Carolina.

This is the former vice president’s response when Trump falsely claims that Biden criticized travel restrictions due to the coronavirus.

Another topic the president prefers not to talk about is COVID-19, which has already infected more than 8.5 million in the United States, where there is a spike in cases that mainly affects the Midwest and the states that cross the Rocky Mountains.

“Do you know why we have so many cases? Because we do many tests. And in many ways, that is good, and in many others, it is stupid. In many ways, it is very stupid,” because it allows the media to criticize his management, he said. Trump from North Carolina.

Experts disagree with Trump’s argument that cases go up simply because more tests are done, a logic that ignores the fact that the percentage of tests that test positive has risen more than one percentage point since the beginning. October, up to 5.8% today.

Although Trump says he is sure that he will achieve re-election, The Washington Post newspaper revealed this Saturday that, during a fundraising event on Thursday, the president confessed that it will be “very difficult” for his party to retain control of the Senate after the elections, and that he “doesn’t want” to help some Republican senators win.

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How has the covid-19 impacted the world energy order?

20/10/2020 23:28Updated: 10/21/2020 00:51

How has the covid impacted the energy market?

The world stopped between March and May and, with it, energy consumption plunged to record lows. Without factories, without companies, without cars, without airplanes, without ships… Only household consumption rose slightly, around 4%, far from being able to compensate for the slowdown in everything else. Thus, for example, in Spain electricity demand fell on average by 12.7% between March and June and natural gas by 15.5%. The demand for gasoline 60%, diesel A 43% and aviation fuel 88%.

But the first onslaught of the coronavirus in the world had a definite negative impact on oil. West Texas (WTI) lost more than 65% in the futures market and the reference Brent in Europe the same. In fact, in April, futures were trading negative for the first time in history and traders paid up to $ 40 to get rid of barrels that they had no place to store in a scenario of excess supply and no demand.

Value added

The depletion of the storage capacity of crude oil in the US plunges crude prices by up to 70% and puts the shale oil industry on the ropes

Is this impact final?

Experts agree that although covid has had a very strong impact on the energy marketAs with everything else, this impact is temporary. The closures of all countries have been noticeable in demand, while supply has adjusted. But it would be a temporary effect. And it is that covid apart, the world grows in its demand for energy without ceasing. The world is thirsty for energy and needs more and more to function. We are 7.8 billion people and GDP per capita grows annually, something that could not be done without more energy or with more efficient energy.

In this way, the demand for primary energy in the world grew in 2019 another 1.3% And, in fact, it has never stopped growing in the last 200 years. 2020 could be an exception, but something very timely given the circumstances. However, the high uncertainty that exists makes it difficult to establish estimates for the end of the year.

Which country has had the worst share?

The American shale industry undoubtedly, since the sharp drop in crude oil generated many bankruptcies of companies dedicated to this modality that already had their excessive indebtedness. “This had a very profound impact, since a price per barrel below 55 or 60 dollars makes these types of companies incur losses,” Diego Morín, an expert at IG Markets, explains to El Confidencial. “In addition, the difficulty in storing the crude produced generated a lot of uncertainty in the Gulf of Mexico, where it was even possible to rent tankers to store crude offshore,” he says.

Not surprisingly, the United States is the country that had grown the most in production in the last ten years due to the development of unconventional oil extraction from shale in the rocks, the so-called ‘shale oil’. For this reason, it is also the country that has suffered the most from the collapse of prices since this type of production is highly dependent on constant investment to sustain it. In fact, these types of wells lose 70% of their capacity in the first year and if this industry is not lost, it stops.

The problem comes when at current prices this type of ‘shale oil’ is not competitive. Therefore, facing the elections in November one of the focuses of attention has been on the ‘fracking’ industry, as it is one of the largest ‘contractors’ in the American labor market and where the most has been invested in the last 10 years. Not surprisingly, it allows the US to be autonomous from the energy point of view (it has gone from being a net importer to being an exporter) so the impact of the covid in this sense can be decisive.

A 'fracking' platform in Mexico.  (EFE)A 'fracking' platform in Mexico.  (EFE)
A ‘fracking’ platform in Mexico. (EFE)

Will the world energy order change?

As in all sectors, energy is not going to be alien to covid-19 and, for now, its direct impact on the most important industry of the world’s leading power is going to change the future of the world energy market in one way or another. The key is how far and with what intensity that change will come.

“For now, what we see are many disputes and insecurity between the producing countries, where the United States, Saudi Arabia, Europe or Latin America still cannot find a clear direction to resume their activities. Therefore, I think there will be a before and after the coronavirus, with possible alliances between producers and many disputes, so we will have many months of instability in the market, ”explains Morín.

However, throughout history there have been other energetic transitions and these are always slow. Before the covid there was already a global consensus to stop depending exclusively on oil for geostrategic, economic, social and environmental issues.

The intention is there, but the road is longer, more difficult and more expensive than we think, and it cannot come from the hand of a punctual blow, no matter how hard it may have been, like this pandemic. Replacing the day-to-day demand for oil is very complicated and expensive. In 10 years, the weight of oil + coal + gas has fallen only from 86% of world demand to 84%, according to data from the British Petroleum Statistical Review of World Energy. Despite commitments and investments, fossil energy sources have only fallen 2 percentage points in this time.

Alicia alamillos

With the launch of the Mars Hope probe (Al Amal, in Arabic), the UAE becomes the fifth country to reach the Martian orbit, and the architect of the first Arab interplanetary exploration

Is the demand for oil going to recover?

In the short term, experts agree that it is complicated due to the uncertainty due to the advance of the coronavirus and the new measures in the countries with the highest number of cases, which mean that two of the producing countries, Saudi Arabia and Russia, have been far away in terms of negotiation this week.

The demand for oil has passed in 10 years from 85-86 million barrels day to 100 million barrels day. The brutal impact of the covid has caused it to fall on time to levels of 70 million barrels in the moments of most extreme confinement (April / May). We are already at levels of 94/95 million barrels. And that in the absence of the recovery of the normality of the airline sector, key to return to 100 million barrels a day.

In fact, China is already above precovid levels as far as the demand for crude oil is concerned. Thus, the market consensus suggests that the COVID crisis is strong, but it is temporary and the economic aid packages announced by governments (trillions of euros) will be there for years.

Meanwhile, OPEC + will try to adjust to support the oil market as restrictions continue to affect demand.

Before and after the demolition of a nuclear plant in Phillipsburg, Germany.  (Reuters)Before and after the demolition of a nuclear plant in Phillipsburg, Germany.  (Reuters)
Before and after the demolition of a nuclear plant in Phillipsburg, Germany. (Reuters)

Are we going to see the price of a barrel back at $ 100?

A strong rebound in price is, in general by all analysts, ruled out, at least in the short and medium term. “Currently there is an excess of oil motivated by a continued growth in the supply during the last years and a sharp deterioration in demand and consumption prospects, as a result of the outbreak of the coronavirus. The consumption of raw materials is closely linked to the economic cycle, but if we add to this current cocktail, in addition, mobility restrictions that reduce the movements of citizens to a minimum, the crisis is accentuated “, they explain from IG.

The barrel should be priced at a price at which the least efficient producer has an economic incentive to continue producing. Above demand levels of 100 million barrels a day, this price should be $ 55.. But if demand remains stable / growing and there is no investment, price tensions can occur.

When there is no economic incentive, there is no investment, less is produced, a deficit is incurred and the price rises to “encourage” new producers (with a higher price if they make money). And vice versa, when there are excesses, the price sinks and the less efficient producers stop.

Juan Cruz Peña

The French oil giant analyzes several photovoltaic portfolios of large developers with the aim of substantially increasing its generation capacity with clean energy

Has the pandemic been the final push for renewables?

The pandemic has weakened the economy and a mechanism to stimulate it is public investment that revitalizes the labor market, generates activity, etc. In that sense, renewables are in good shape. There are many investment plans. We will undoubtedly see more renewable energy, but also from other (natural and nuclear gas, above all).

How has the covid affected nuclear power plants?

It has negatively affected it, at least in Spain, where the sector has asked the Spanish government for action to reach an agreement on the payment of taxes, since, according to the president of the Nuclear Forum, Ignacio Araluce, “it is impossible to pay 120 % of taxes on the invoicing ”. Further, the irruption of renewable energy can greatly punish nuclear energy, especially in terms of costs, since the arrival in the coming years will continue to grow.

A situation that contrasts with the rest of the countries. Thus, for example, Poland has announced the construction of five nuclear reactors; Japan has received the OK to reopen two more reactors; The Netherlands has opened consultations to install nuclear power; Belgium has postponed the life of its reactors; China has more than 45 reactors under construction and others under study …

According to the British Petroleum Statistical Review of World Energy, nuclear energy in 2019 accelerated its growth by 3.2% and is almost at a historical demand record. It is the great partner of renewable energy does not work (because there is no sun or wind). The world cannot be decarbonized without counting on nuclear energy as a source / technology that guarantees supply.

The Wall Street Journal

Power will shift from traditional oil giants like Russia and Saudi Arabia to innovators like China (and perhaps the US)

What source of energy is going to be the winner of the pandemic?

Renewable energy is the winning energy of this pandemic, above all because of the aid that will come from the European fund, with part of the budget destined to companies that carry out green and sustainable energy, something that will attract strong investment from retail investors ”, says Morín.

Although it is still early to know which one is going to win and for how long. For example, in Germany they turned off the nuclear power plants because they wanted to bet everything on renewables (sun and wind) and the energy that has gained from this, curiously, has been the coal that acts as a ‘back up’.

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Turkey discovers new natural gas reserve in the Black Sea

The Turkish government announced the discovery of deposits of billions of additional cubic meters of natural gas in a huge reservoir in the Black Sea.

The announcement, made this Saturday by the President of Turkey, Recep Tayyip Erdogan, on board the Fatih drillship, alludes to the discovery of 85 billion cubic meters of natural gas in the Black Sea, while the total volume of the TUNA well -1, the find of which was announced in August, is about 405 billion cubic meters.

“Our vessel continued working after finding the first gas field. During the new explorations, an additional 85 billion cubic meters were found. The total volume amounts to 405 billion cubic meters “Erdogan wrote through his Twitter account.

In addition, after expressing the hope that with discoveries like this, Turkey’s dependence on foreign natural gas will decrease significantly, it has announced that the goal is now to begin extraction of gas from the field in 2023.

The Turkish leader added that Turkey will continue to search for hydrocarbons in both the Black Sea and the Mediterranean. According to the head of state, the country plans to become a net energy exporter.

However, the search for gas in the Black Sea and the eastern Mediterranean Sea has caused a conflict between Turkey and Greece and Cyprus, and by extension with the European Union (EU), because the three countries dispute exploitation rights. of hydrocarbons in the same waters.

mrp / mjs / so /

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BNG Contributions to the Action Plan for Climate and Sustainable Energy of the City Council of Marn

The City Council of Marín adhered to the Global Covenant of Mayors for Climate and Energy and joined the Rede de Concello Ágora for the public space launched by the Provincial Council. For this reason, the Action Plan for Climate and Sustainable Energy was drawn up, which is “positive” for the BNG, but they consider it “insufficient”. For this reason, the nationalists ask that the start-up of the Blue Zone be paralyzed, until the Mobility Plan is drawn up in which the traffic situation in the town should be analyzed. Among their contributions they point out, together with the mobility plan, the implementation of transport on demand, to reconnect the parishes of Seixo and Marín; the enhancement of charging points; and the humanization of the old town.

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