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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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But a range of both advanced and emerging economies have recently announced energy strategies that include substantial roles for nuclear power as well as considerable financial incentives to invest in it. —IEA Executive Director Fatih Birol.

Russia 458
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Roland Berger: Russian embargo against the Western automotive industry would hit Russia harder

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A decision by Russia to retaliate against sanctions imposed by the European Union and the US over Ukraine by imposing strong Russian sanctions—i.e., As Russia struggles with an ailing economy, rising inflation and a volatile currency, there’s no sign of a recovery any time soon, the consultancy said. —Uwe Kumm.

Russia 247
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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. According to GlobalData’s Mining Commodity Analyzer , Russia was the third-largest producer of nickel in 2021, producing more than 200,000 tons.

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Russia ponders using EV subsidies to boost the economy and surge local manufacturing

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Russia’s Economy Ministry said earlier today that it has plans to utilize subsidy programs to boost the manufacturing and purchase of locally-built electric vehicles. Just 11,000 of the over 45 million vehicles driven in Russia last year were electric, with most being used cars. Don’t hesitate to contact us with tips!

Russia 129
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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.

Russia 150
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The Saudi Dilemma: To Cut Or Not To Cut

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To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. million barrels daily, including from Russia, to reverse the free fall of oil prices. Saudi Arabia cannot afford another slump in oil prices,” he warns. “It

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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency. gigatonnes last year, the same as the previous two years, while the global economy grew 3.1%, according to estimates from the IEA.

Economy 199