2019-09-02 12:20:00
SWITZERLAND WILL CUT EMISSIONS TO ZERO
WNN - The Swiss government has announced it will cut its greenhouse gas emissions to a net-zero level by 2050. According to Swiss government statistics, about 60% of Switzerland's electricity generation comes from renewable sources, most of it from hydro (56.6%). Nuclear contributes about 37.6% and about 2.5% comes from fossil fuels.
Under the Paris Agreement on Climate Change, Switzerland had undertaken to halve its greenhouse gas emissions by 2030 compared with 1990 levels. Now, based on new scientific findings published by the Intergovernmental Panel on Climate Change (IPCC), the Federal Council decided at its meeting…
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Chronicle:
2019, September, 18, 17:55:00
U.S. GAS, WIND WILL UP
U.S. Energy Information Administration (EIA) forecasts that natural gas-fired electricity generation in the United States will increase by 6% in 2019 and by 2% in 2020. EIA also forecasts that generation from wind power will increase by 6% in 2019 and by 14% in 2020.
2019, September, 18, 17:50:00
U.S. INDUSTRIAL PRODUCTION UP 0.6%
Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year.
2019, September, 18, 17:45:00
FRANCE'S SMALL NUCLEAR
A new small modular reactor (SMR) design has been announced by the French Alternative Energies and Atomic Energy Commission (CEA), EDF, Naval Group and TechnicAtome. The Nuward - with a capacity of 300-400 MWe - has been jointly developed using France's experience in pressurised water reactors (PWRs).
2019, September, 18, 17:40:00
MONGOLIA'S GDP UP 6.5%
Mongolia’s economy has recovered vigorously from the recent downturn. Economy growth accelerated to 8.6 percent in the first quarter of 2019, over fiscal balance turned into surplus in 2018, and gross international reserves have increased by $2½ billion since 2016.
2019, September, 17, 13:10:00
OIL PRICE: ABOVE $67
Brent was down 36 cents, or 0.5%, at $68.66 a barrel, and WTI was down 57 cents, or 0.9%, at $62.33 a barrel. Earlier, the crude benchmarks both fell by around 2%.
2019, September, 17, 13:05:00
OPEC+ FULFILL OBLIGATIONS
"Nobody has changed the parameters of the [OPEC+} deal. So, I think that we all agreed in Abu Dhabi, that everyone should fulfill their obligations," Novak said, when asked if Russia needs to continue to comply.
2019, September, 17, 13:00:00
CONFORMITY LEVEL 136%
Conformity with the voluntary production adjustments remains high, 136% in the month of August. However, the JMMC reemphasized the core principles underpinning the DoC, namely, equity, fairness and transparency, and urged all participating countries to intensify their efforts in pursuit of full and timely conformity with their voluntary production adjustments.