AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
BLOOMBERG - Mexico, Chile and Peru offer strong potential for growth in renewable energy, and governments in the region are courting international investors to help diversify the electricity mix.
BLOOMBERG - Japan’s plans to develop its renewable energy industry are lagging much of the world, as the nation has “prioritized keeping the status quo for fear of change,” Foreign Minister Taro Kono said.
IMF - Investing in climate resilient infrastructure would help households and firms cope with storms. The expected cost of natural disasters could be usefully included in public debt sustainability analyses.
МИНЭКОНОМРАЗВИТИЯ РОССИИ - Декларацией подтверждается намерение Сторон и в дальнейшем развивать конструктивное и взаимовыгодное взаимодействие в энергетической сфере, уделяя особое внимание вопросам энергоэффективности, энергосбережения и использования возобновляемых источников энергии и «зеленых» технологий.
PLATTS - South Korea aims to boost the portion of LNG in its electricity generation mix to 18.8% in 2030 from an estimated 16.9% this year as part of efforts to reduce its heavy reliance on coal and nuclear, the energy ministry said.
EIA - North Sea Brent crude oil spot prices averaged $63 per barrel (b) in November, an increase of $5/b from the average in October. EIA forecasts Brent spot prices to average $57/b in 2018, up from an average of $54/b in 2017.
WBG - The World Bank Group will no longer finance upstream oil and gas, after 2019.
EBRD - To date, the EBRD has invested €2.3 billion in more than 130 projects in the country. The Bank combines project financing with policy engagement and most recently supported the Slovak Republic in creating the legal foundations for covered bonds with amendments to the relevant law in line with best practice recommendations by the European Banking Authority.
SHELL - “Our next steps as we re-shape Shell into a world-class investment aim to ensure that our company can continue to thrive, not just in the short and medium term but for many decades to come,” said van Beurden. “These steps build on the foundations of Shell’s strong operational and financial performance, and my confidence in our strategy and our ability to deliver on the promises we make.”