Innovation, investment, and the cleanest possible energy production thrive best in freer markets that encourage competition instead of having politicians pick winners and losers. That, in a nutshell, is the lesson of the latest Free Economies are Clean Economies report.
Gilkes Energy has received Section 36 planning consent from the Scottish government’s Energy Consents Unit for its Earba storage project, a pumped storage hydro (PSH) initiative at Loch Earba. With an installed capacity of 1.8GW and a storage capacity of 40 gigawatt hours (GWh), it will become the largest PSH project in the UK, capable...
Record nuclear power production is helping South Korea to cut imports of thermal coal and LNG to multi-year lows so far in 2025, offering a potential blueprint for other power-hungry nations looking to curb reliance on fossil fuel imports. Nuclear reactors have generated more electricity than South Korea’s coal and natural gas-fired plants since September...
EU Climate Commissioner Wopke Hoekstra is considering options to soften the bloc’s 2040 climate goal as he tries to contain a backlash against Europe’s climate ambitions. The European Commission, the EU’s executive, is expected to propose legislation in the coming weeks to adopt a previously announced target to cut 90 percent of greenhouse gas pollution...
he European Commission is considering changes to EU energy laws as part of its next package of proposals to cut the regulatory burden for struggling industries, sources familiar with the matter told Reuters. Brussels has launched a drive to remove layers of bureaucracy that European businesses say set them at a disadvantage against China and...
Decarbonising the steel industry is one of the massive challenges in meeting climate goals, but could end up being extremely profitable for companies and governments prepared to take the risks. The steel value chain accounts for 7% to 9% of global carbon emissions, the largest single industrial contributor and thus a prime target for the...
South Korea and the United States have reportedly reached an understanding to remove South Korea from the U.S. Department of Energy (DOE)‘s “sensitive countries and other designated countries list” (SCL). Sources revealed on March 21 that South Korea, as a long-time ally, argued for its removal to ensure continued cooperation in nuclear energy and scientific...
Renewable energy projects in Rajasthan, India’s leading solar state, are expected to become more expensive and face delays due to a recent amendment to the state’s land registration laws, industry experts said. The Rajasthan government has made it compulsory for companies to pay stamp duty when signing an agreement for sale or leasing land for...
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed. Often called the holy grail of clean energy, nuclear fusion creates four times more energy per kilogram of fuel than traditional...
A cross-industry group of large energy users signed a pledge supporting the goal of at least tripling global nuclear capacity by 2050. This is the first time major businesses beyond the nuclear sector have come together to publicly back an extensive and concerted expansion of nuclear power to meet increasing global energy demand. They also urge other...
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