At the climate summit in Glasgow, UN Secretary-General António Guterres had a blunt message: “The six years since the Paris Climate Agreement have been the six hottest years on record. Our addiction to fossil fuels is pushing humanity to the brink”. To stand a chance of limiting global warming to 1.5°C, the goal that international leaders have set to keep the climate crisis … [Read more...] about Six reasons why supporting natural gas can put public finances at risk
Second call for Expressions of Interest to be part of the University Network of the Energy HUB of Latin America and the Caribbean. The Energy Division of the Inter-American Development Bank (IDB) opens a new call directed to institutions and universities in the region to join the University Network of Latin America and the Caribbean. Interested universities and research … [Read more...] about Do you want to join the University Network of the Energy HUB?
Governments around the world have launched economic recovery packages in response to the recession brought on by the COVID-19 pandemic. Two key themes feature prominently: investments in digitalization and green technologies. Both China and the EU have established reactivation plans supporting 5G telecommunications networks, big data and artificial intelligence. The EU has … [Read more...] about COVID-19 Precipitated the Age of Copper: Are Producing Countries Prepared to Supply the World and Capture Greater Value?
In March 2020, oil prices crashed by around 60% from their previous six-month high, with Brent oil – the international benchmark – falling US$22.74 per barrel on March 31st, its lowest daily level since 2002. From December 2019 to February 2020, oil demand in China fell by around 2 million barrels per day (mbd) because of the rapid propagation of the novel coronavirus. The … [Read more...] about An Illness in the Oil Market: the price crash and its impact in Latin America and the Caribbean
The price of solar energy has been dropping dramatically during last 20 years and the projections suggest that it will maintain that trend in the coming years. In a near future, solar energy in Suriname will be cheaper than the electricity coming conventional fossil fuel plants. According to the International Renewable Energies Agency (IRENA) the global weighted average … [Read more...] about What is the future of Solar energy in Suriname?