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  • Electricity
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      Germany rejects US call to leave Iran nuclear deal

      Germany rejects US call to leave Iran nuclear deal

      Nuke energy to fall within OECD, but to rise in China

      Nuke energy to fall within OECD, but to rise in China

      Japan's Genkai nuke plant unit 2 to be decommissioned

      Japan's Genkai nuke plant unit 2 to be decommissioned

      Sudan to cooperate with China in uranium projects

      Sudan to cooperate with China in uranium projects

    • Thermal
      GE begins to digitize thermal, renewable power in India

      GE begins to digitize thermal, renewable power in India

      China's coal output up 5.2 pct in September

      China's coal output up 5.2 pct in September

      Asian Dev. Bank to loan $500M to Bangladesh power plant

      Asian Dev. Bank to loan $500M to Bangladesh power plant

      China’s coal production up 4 percent in April

      China’s coal production up 4 percent in April

    • Coal
      8 miners rescued from flooded mine in Zimbabwe

      8 miners rescued from flooded mine in Zimbabwe

      S.Africa mine gas explosion death toll rises to 12

      S.Africa mine gas explosion death toll rises to 12

      US electricity mix to highly depend on gas prices: EIA

      US electricity mix to highly depend on gas prices: EIA

      Half of US coal mines operating in 2008 have closed

      Half of US coal mines operating in 2008 have closed

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      Global deepwater output to reach record high this year

      Global deepwater output to reach record high this year

      US-based Occidental to explore oil, gas in Abu Dhabi

      US-based Occidental to explore oil, gas in Abu Dhabi

      Petrobras starts production in Brazil's Lula field

      Petrobras starts production in Brazil's Lula field

      US major to lead gas-for-power project in Vietnam

      US major to lead gas-for-power project in Vietnam

    • Shale/Unconventional
      ‘Ankara to always protect Turkish Cypriots’ rights’

      ‘Ankara to always protect Turkish Cypriots’ rights’

      Total, ADNOC to explore gas in Abu Dhabi

      Total, ADNOC to explore gas in Abu Dhabi

      Osaka to acquire 35pct stake in US shale gas project

      Osaka to acquire 35pct stake in US shale gas project

      UK announces new measures to back shale gas exploration

      UK announces new measures to back shale gas exploration

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      Brent decreases to $61.88 at week beginning Feb. 11

      Brent decreases to $61.88 at week beginning Feb. 11

      Merkel defends Nord Stream 2 despite US disproval

      Merkel defends Nord Stream 2 despite US disproval

      US electricity mix to highly depend on gas prices: EIA

      US electricity mix to highly depend on gas prices: EIA

      Renewables & gas to lead new US power capacity in 2019

      Renewables & gas to lead new US power capacity in 2019

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      Global LNG volumes to expand substantially by 2040: BP

      Global LNG volumes to expand substantially by 2040: BP

      Europe to face more pipeline gas vs. LNG competition

      Europe to face more pipeline gas vs. LNG competition

      ANALYSIS - Future of LNG as marine fuel

      ANALYSIS - Future of LNG as marine fuel

      Nord Stream 2 is threat for Europe: US' Pompeo

      Nord Stream 2 is threat for Europe: US' Pompeo

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      Number of oil rigs in US rises by 3 to 857

      Number of oil rigs in US rises by 3 to 857

      US oil producer Apache cuts budget expenditure for 2019

      US oil producer Apache cuts budget expenditure for 2019

      ExxonMobil makes two new discoveries offshore Guyana

      ExxonMobil makes two new discoveries offshore Guyana

      Total discovers gas condensate offshore South Africa

      Total discovers gas condensate offshore South Africa

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      Oil and gas exploration to start offshore N. Cyprus

      Oil and gas exploration to start offshore N. Cyprus

      Egypt awards largest oil, gas exploration tenders

      Egypt awards largest oil, gas exploration tenders

      Crude output falls in January '19

      Crude output falls in January '19

      Oil prices down after Trump's address to Congress

      Oil prices down after Trump's address to Congress

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      US crude stocks rise, production remains at record high

      US crude stocks rise, production remains at record high

      ExxonMobil to form 3 upstream firms for business revamp

      ExxonMobil to form 3 upstream firms for business revamp

      Chevron agrees to buy Texas refinery for $350 million

      Chevron agrees to buy Texas refinery for $350 million

      Daelim to build S. Arabia's first polyisobutylene plant

      Daelim to build S. Arabia's first polyisobutylene plant

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      US' retail gasoline price ends 2018 lower

      US' retail gasoline price ends 2018 lower

      Trump touts low gas prices and forecasts more declines

      Trump touts low gas prices and forecasts more declines

      ‘Yellow vest’ protests grow violent in France

      ‘Yellow vest’ protests grow violent in France

      Israel bans fuel shipments into Gaza

      Israel bans fuel shipments into Gaza

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      AA energy desk to host Turkey's Wind Energy Assoc. head

      AA energy desk to host Turkey's Wind Energy Assoc. head

      Renewables to replace coal by 2040, BP report says

      Renewables to replace coal by 2040, BP report says

      S. Korean KNOC, Equinor sign MoU to boost offshore wind

      S. Korean KNOC, Equinor sign MoU to boost offshore wind

      Offshore wind may be key to Japan's falling nuke power

      Offshore wind may be key to Japan's falling nuke power

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      Americas wind installed capacity increases 12% in 2018

      Americas wind installed capacity increases 12% in 2018

      Google signs long-term power purchase deal in Taiwan

      Google signs long-term power purchase deal in Taiwan

      Turkey drafts regulation on electricity storage

      Turkey drafts regulation on electricity storage

      Enel to sell 540 MW of renewable capacity in Brazil

      Enel to sell 540 MW of renewable capacity in Brazil

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      Norway produces 94% electricity from hydro in Dec. 2018

      Norway produces 94% electricity from hydro in Dec. 2018

      Asia, Africa, Middle East drive global energy growth

      Asia, Africa, Middle East drive global energy growth

      French company to supply turbines for Nile hydro-dam

      French company to supply turbines for Nile hydro-dam

      Norway produces 94.2% of electricity from hydro in Oct.

      Norway produces 94.2% of electricity from hydro in Oct.

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      Eni, Indonesia’s Pertamina ink circular economy deal

      Eni, Indonesia’s Pertamina ink circular economy deal

      GE begins to digitize thermal, renewable power in India

      GE begins to digitize thermal, renewable power in India

      ExxonMobil, REG focus on cellulosic biofuel potential

      ExxonMobil, REG focus on cellulosic biofuel potential

      Turkey drafts regulation on electricity storage

      Turkey drafts regulation on electricity storage

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      Turkish firm produces indigenous diesel engine

      Turkish firm produces indigenous diesel engine

      Chevron is 1st US energy major to tie pay to emissions

      Chevron is 1st US energy major to tie pay to emissions

      2018 is record year for US wind: Wind Energy Assn.

      2018 is record year for US wind: Wind Energy Assn.

      US major to lead gas-for-power project in Vietnam

      US major to lead gas-for-power project in Vietnam

    • Invesments
      Turkish shipping industry blossomed in 16 years:Erdogan

      Turkish shipping industry blossomed in 16 years:Erdogan

      US oil producer Apache cuts budget expenditure for 2019

      US oil producer Apache cuts budget expenditure for 2019

      Total SA income, revenue rise through record production

      Total SA income, revenue rise through record production

      ExxonMobil, Qatar Petr. to invest $10B for LNG exports

      ExxonMobil, Qatar Petr. to invest $10B for LNG exports

    • Stock Market
      Number of US oil rigs falls by 15 to 847

      Number of US oil rigs falls by 15 to 847

      Eaton Corp. buys 82% share in Turkey's Ulusoy Elektrik

      Eaton Corp. buys 82% share in Turkey's Ulusoy Elektrik

      Oil gains as US Federal Reserve suspends rate hikes

      Oil gains as US Federal Reserve suspends rate hikes

      Oil prices up ahead of US Federal Reserve meeting

      Oil prices up ahead of US Federal Reserve meeting

  • Regulation
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      Chevron is 1st US energy major to tie pay to emissions

      Chevron is 1st US energy major to tie pay to emissions

      US Sunoco P/line LP to pay $5.4M to settle 3 oil spills

      US Sunoco P/line LP to pay $5.4M to settle 3 oil spills

      Oil prices up as US sanctions Venezuelan oil firm

      Oil prices up as US sanctions Venezuelan oil firm

      US Supreme Court rejects ExxonMobil bid to block probe

      US Supreme Court rejects ExxonMobil bid to block probe

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      US coal consumption in 2018 set to be lowest in 39 yrs.

      US coal consumption in 2018 set to be lowest in 39 yrs.

      Turkey's electricity consumption down 2.2% in Nov.

      Turkey's electricity consumption down 2.2% in Nov.

      US plans to end electric car, renewable subsidies

      US plans to end electric car, renewable subsidies

      MEDREG can play 'crucial' role in Med energy sector

      MEDREG can play 'crucial' role in Med energy sector

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      MEDREG can play 'crucial' role in Med energy sector

      MEDREG can play 'crucial' role in Med energy sector

      UK regulator offers price cap on gas, electricity bills

      UK regulator offers price cap on gas, electricity bills

      Turkey's gas imports fall by 19% in June

      Turkey's gas imports fall by 19% in June

      Turkish, Bulgarian energy exchanges to ink MOU

      Turkish, Bulgarian energy exchanges to ink MOU

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      Renewables to replace coal by 2040, BP report says

      Renewables to replace coal by 2040, BP report says

      Share of renewable energy in EU' mix 17.5% in '17

      Share of renewable energy in EU' mix 17.5% in '17

      Americas wind installed capacity increases 12% in 2018

      Americas wind installed capacity increases 12% in 2018

      Eni to enter Australian renewable energy market

      Eni to enter Australian renewable energy market

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      Equinor inks agreement for LPG storage in Malaysia

      Equinor inks agreement for LPG storage in Malaysia

      Turkey's LPG imports fall 5 pct year on year in August

      Turkey's LPG imports fall 5 pct year on year in August

      Turkey's LPG imports up 10.8% year on year in June

      Turkey's LPG imports up 10.8% year on year in June

      Turkish LPG Association elects new president

      Turkish LPG Association elects new president

  • Energy Diplomacy
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      Maduro: Coup attempt ‘failed’ in Venezuela

      Maduro: Coup attempt ‘failed’ in Venezuela

      Trump: We look at all options on Venezuela

      Trump: We look at all options on Venezuela

      Putin to hold meetings with Erdogan, Rouhani in Russia

      Putin to hold meetings with Erdogan, Rouhani in Russia

      French group wins $35.5B defense deal from Australia

      French group wins $35.5B defense deal from Australia

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      Trump nominates David Satterfield as Turkey ambassador

      Trump nominates David Satterfield as Turkey ambassador

      US seeks European presence in northeast Syria

      US seeks European presence in northeast Syria

      Maduro calls on all countries to stand with Venezuela

      Maduro calls on all countries to stand with Venezuela

      Turkish, Russian officials to discuss Syria in Ankara

      Turkish, Russian officials to discuss Syria in Ankara

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      UN: Khashoggi killing 'perpetrated by Saudi officials'

      UN: Khashoggi killing 'perpetrated by Saudi officials'

      Turkish trade union refuses to attend int’l meet in US

      Turkish trade union refuses to attend int’l meet in US

      Energy use in 2017 shows EU is off efficiency target

      Energy use in 2017 shows EU is off efficiency target

      Railways to benefit more for energy, environment: IEA

      Railways to benefit more for energy, environment: IEA

    • Energy Projects
      Offshore wind may be key to Japan's falling nuke power

      Offshore wind may be key to Japan's falling nuke power

      Merkel defends Nord Stream 2 despite US disproval

      Merkel defends Nord Stream 2 despite US disproval

      Energy use in 2017 shows EU is off efficiency target

      Energy use in 2017 shows EU is off efficiency target

      ExxonMobil to form 3 upstream firms for business revamp

      ExxonMobil to form 3 upstream firms for business revamp

  • World
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      Turkey to reduce dependence on foreign energy: Erdogan

      Turkey to reduce dependence on foreign energy: Erdogan

      AA energy desk to host Turkey's Wind Energy Assoc. head

      AA energy desk to host Turkey's Wind Energy Assoc. head

      Trump nominates David Satterfield as Turkey ambassador

      Trump nominates David Satterfield as Turkey ambassador

      Turkish economy: Total turnover up 10.8 pct in December

      Turkish economy: Total turnover up 10.8 pct in December

    • Europe
      Germany rejects US call to leave Iran nuclear deal

      Germany rejects US call to leave Iran nuclear deal

      US seeks European presence in northeast Syria

      US seeks European presence in northeast Syria

      S. Korean KNOC, Equinor sign MoU to boost offshore wind

      S. Korean KNOC, Equinor sign MoU to boost offshore wind

      EU passenger car market sees slow start to 2019

      EU passenger car market sees slow start to 2019

    • Eurasia
      Number of electric vehicles to reach 350M by 2040: BP

      Number of electric vehicles to reach 350M by 2040: BP

      Europe to face more pipeline gas vs. LNG competition

      Europe to face more pipeline gas vs. LNG competition

      Turkey, Russia, Iran back Syria's territorial integrity

      Turkey, Russia, Iran back Syria's territorial integrity

      Nord Stream 2 will be built despite EU Gas Directive

      Nord Stream 2 will be built despite EU Gas Directive

    • Asia
      Nuke energy to fall within OECD, but to rise in China

      Nuke energy to fall within OECD, but to rise in China

      Global LNG volumes to expand substantially by 2040: BP

      Global LNG volumes to expand substantially by 2040: BP

      S. Korean KNOC, Equinor sign MoU to boost offshore wind

      S. Korean KNOC, Equinor sign MoU to boost offshore wind

      Number of electric vehicles to reach 350M by 2040: BP

      Number of electric vehicles to reach 350M by 2040: BP

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      Global LNG volumes to expand substantially by 2040: BP

      Global LNG volumes to expand substantially by 2040: BP

      Trump nominates David Satterfield as Turkey ambassador

      Trump nominates David Satterfield as Turkey ambassador

      US seeks European presence in northeast Syria

      US seeks European presence in northeast Syria

      Maduro: Coup attempt ‘failed’ in Venezuela

      Maduro: Coup attempt ‘failed’ in Venezuela

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      Germany rejects US call to leave Iran nuclear deal

      Germany rejects US call to leave Iran nuclear deal

      Global LNG volumes to expand substantially by 2040: BP

      Global LNG volumes to expand substantially by 2040: BP

      US seeks European presence in northeast Syria

      US seeks European presence in northeast Syria

      Eni granted two exploration blocks onshore Egypt

      Eni granted two exploration blocks onshore Egypt

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Climate action could reap $26 trillion in gains by 2030

- Report urges state and private sector to take action in shift to new climate economy to avail of economic benefits

home > Electricity, Finance, Renewable, World, Americas, General 05.09.2018 15:17 Gülşen Çağatay

Climate action could reap $26 trillion in gains by 2030

A Global Commission on the Economy and Climate report released Wednesday finds that bold climate action could deliver at least $26 trillion in economic benefits through to 2030, compared with a business-as-usual scenario.

According to the report, global-scale players are significantly underestimating the benefits of cleaner, climate-smart growth.

The report finds that over the last decade there have been tremendous technological and market developments driving the shift to a new climate economy.

"There are real benefits to be seen in terms of new jobs, economic savings, competitiveness and market opportunities, and improved wellbeing for people worldwide," the report indicated.

Although a wide range of cities, governments, businesses, investors and others around the world is driving this shift to a new climate economy, the report said it is not yet fast enough.

Commenting on the report, Paul Polman, CEO of Unilever and co-chair of the Global Commission, said that "if we are to unlock the full benefits of this new low-carbon growth opportunity and avoid runaway climate change, economic and financial leaders in both government and the private sector need to do even more, and fast".

The report highlights opportunities in five key economic systems – energy, cities, food and land use, water, and industry.

The Global Commission calls on governments, businesses, and finance leaders to urgently prioritize actions on four fronts over the next 2-3 years.

  1. Ramp up efforts on carbon pricing and move to mandatory disclosure of climate-related financial risks
  2. Accelerate investment in sustainable infrastructure
  3. Harness the power of the private sector and unleash innovation
  4. Build a people-centered approach that shares gains equitably and ensure that the transition is just.

By Gulsen Cagatay

Anadolu Agency

energy@aa.com.tr



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20.12.2018 Coal , Europe , Eurasia

PEAKapp, app for end-users to monitor energy savings

- Smartphone and tablet app will allow end-users to become more energy efficient and access cheaper tariffs
18.12.2018 Electricity , Turkey , Europe

Coal demand to remain steady up to 2023: IEA

- Coal to provide 25 percent of global energy demand by 2023, slightly down from 27 percent in 2017
19.12.2018 Coal , World

Electric aircraft: key to more economic flights

- Direct operations costs are projected to be as low as 20% compared to that of a combustion engine, says CEO of Ampaire
18.12.2018 Electricity

Brent oil trades above $60 for week beginning Dec. 17

-Decrease in the oil rig count and crude oil prices showed limited gains in the global market
17.12.2018 Electricity , Oil , Middle East-Africa , General

Turkish Akkuyu nuke plant gets limited permit for unit 2

- Receiving "limited works permit" is important stage in licensing for the construction of Akkuyu's second unit
15.12.2018 Nuclear , Turkey

Engie, Arval launch new electric mobility service

-Companies join forces to make it easier for companies, local communities and private individuals to access electric vehicles
14.12.2018 Electricity , News from companies , Europe , General

China's LNG imports at historic high to replace coal

- LNG imports reach 39.59 billion cubic meters in 2017 - 318.5 percent more than in 2010
12.12.2018 Natural Gas , Coal , Lng/Lpg , Europe , Asia , General

Turkey's electricity consumption down 2.2% in Nov.

- Turkey's electricity exports to neighboring countries are down 2.34 percent year-on-year in November 2018
11.12.2018 Electricity , Electricity , Turkey , General

Engie acquires Latin American services provider CAM

- France-based global energy group strengthens its customer solutions offer in region
07.12.2018 Electricity , News from companies , Americas

US' coal use in 2018 expected to be lowest in 39 years

- Retirement of coal-fired plants, low gas prices, strict emission standards are reasons for decline in coal consumption
07.12.2018 Coal , Americas

Norway produces 94.2% of electricity from hydro in Oct.

- Norway produces 13.28 terawatt-hours of electricity in October
06.12.2018 Electricity , Hydro , Europe , General

Total launches fluids line for electric, hybrid vehicles

- Two products developed to provide better solution for issues specific to electric mobility, energy giant says
06.12.2018 Electricity , News from companies , World

China, India and US to drive global power transmission

- Global market value of power transmission and distribution reached $103.50 billion between 2013 to 2017
06.12.2018 Electricity , Projects , Europe , Eurasia , Asia , Americas , General

US warns Russia over ‘breach’ of nuclear treaty

- US Secretary of State Mike Pompeo calls on Russia to return to ‘full and verifiable compliance’ with treaty in 60 says
05.12.2018 Nuclear , Energy Diplomacy , World , General

US plans to end electric car, renewable subsidies

- "We want to end all those subsidies ... We are a free market" President Trump's top economic advisor says
05.12.2018 Electricity , Electricity , Energy Projects , Americas

Russia, Argentina sign agreement on nuclear cooperation

- The agreement confirms Argentina and Russia's partnership in the peaceful use of nuclear energy, says Rosatom
03.12.2018 Nuclear , Eurasia , Americas , General

Hydropower major source of Norway's electricity in Sept

- Nordic country produced 11.19 terawatt hours of electricity in month nine
02.12.2018 Electricity , Hydro , Renewable , Europe , General

Over 40 pct of coal power plants run at loss: Report

- Building new wind and solar power will be cheaper than 96 percent of existing coal power by 2030, according to Carbon Tracker Initiative
03.12.2018 Renewable , Coal , Downstream , World , General

Turkish chairwoman to lead Mediterranean Energy Assoc.

- Gulefsan Demirbas, a Turkish female bureaucrat is elected as new president of Mediterranean Energy Regulators, MEDREG
30.11.2018 Electricity , Natural Gas , Energy Diplomacy , Energy Security , Turkey , General

Japan restarts five nuclear power reactors in 2018

-Following 2011 Fukushima disaster resulting in halt of Japan's nuclear fleet, only 4 reactors were restarted up to 2018: IEA
30.11.2018 Nuclear , Asia

Turkish Ulusoy to sell electric transformers to Latvia

- Sales contract amounts to €3.95 million
29.11.2018 Electricity , Energy Diplomacy , Turkey , Europe , General

Zorlu's Kizildere 3 geothermal plant leads in efficiency

- Kizildere 3 geothermal plant is 1st combined geothermal plant to use waste steam ensuring highest 18% efficiency worldwide
30.11.2018 Electricity , Renewable

Russian scientists design tech. to extend reactors' life

- Rosatom becomes first company to test new technology on first unit of VVER-1000 reactor at its Balakovo nuclear power plant
29.11.2018 Nuclear , Eurasia

Finnish Fortum to install Nordics' biggest battery

- Nordic countries' biggest battery will be installed at Fortum’s Forshuvud hydropower plant located in Sweden
29.11.2018 Electricity , Europe , General

Turkey's power generation rises 2.39 percent in Sept.

- Installed electricity capacity increases 3.91 percent compared to September 2017
29.11.2018 Electricity , Turkey , General

Turkey's gas imports fall by 10.9% in September

- Total natural gas consumption decreases by 3.1 percent in September compared to September 2017
28.11.2018 Electricity , Turkey , General

Hungary to boost clean energy with more solar power

- Hungary aims to phase out its coal use and be fully reliant on renewable energy sources by 2030
28.11.2018 Electricity , Renewable , Europe , General

Blast near chemical plant in northern China kills 22

- Fire after explosion brought under control, roughly 50 vehicles damaged
28.11.2018 Electricity , Asia , General

Australian renewables growth depends on coal phase out

- Growth of renewable energy in Australia depends on decommissioning of coal-fired power plants, says GlobalData
27.11.2018 Renewable , Coal

Electricity prices in Norway increase 66% in 3Q18

- This is the highest price rise since the first quarter of 2011
22.11.2018 Electricity , Europe , General

Thanksgiving electricity demand peaks late morning: EIA

-Electricity demand in US during Thanksgiving sees late morning peak, while Black Friday resembles weekend electricity demand
30.11.2018 Electricity , Americas

ABB to support US power grid upgrade

- Company will deliver predictive maintenance to optimize asset management and boost power reliability for 1.2M Illinois customers
21.11.2018 Electricity , News from companies , Americas

US homes spend $129 p.a. for cooking, storing, heating

- Using electricity for cooking, microwaves for heating up and refrigerators for storing food average $129 in US
30.11.2018 Electricity , Americas

Iran threatens to withdraw from nuclear deal

-Zarif says Iran would withdraw from the nuclear deal if the country's needs were not met
20.11.2018 Nuclear , General

Turkey's electricity consumption down 2.13% in Oct.

- Turkey's electricity exports to neighboring countries are up 11.67 percent year-on-year in October 2018
20.11.2018 Electricity , Regulation , Turkey , General

TurkStream landmark project for Russia,Turkey: Novak

- Two countries try to increase cooperation on many projects including natural gas and nuclear energy
19.11.2018 Natural Gas , Nuclear , Turkey , Europe , Eurasia , General

Japan's energy dependent on reforms, non-hydro in grid

- Japan will continue to rely on nuclear power, while growth of renewables will depend on regulatory reforms, says GlobalData
17.11.2018 Nuclear , Renewable , Asia , General
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