The ongoing slide in global oil prices – catalyzed by the novel Coronavirus and fueled by structural issues including excess supply from oil giants like the U.S., Russia and Saudi Arabia, and slowing demand growth – is creating a new imperative... 

Saudi Arabia abruptly altered its oil production strategy in early March and began to flood the market with cheap oil. Financial markets worldwide hemorrhaged value at the prospect of a protracted and painful price war, and American oil firms immediately cut... 

The Renewable Energy Project Development Office has prequalified 49 developers for the tender. Four large-scale solar projects will be built via the procurement exercise. Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has published... 

Over the past decade, prices for solar panels and wind farms have reached all-time lows. As the saying goes though, the wind isn’t always blowing and the sun isn’t always shining. The question of how to “firm” renewables — that is, ensuring... 

Energy storage is set to take an increasingly central role in the global economy, growing almost tenfold over the next decade and a half, new research suggests. The total energy storage market is expected to grow to $546 billion in annual revenue by 2035,... 

Jeff Bezos is throwing his weight — and wealth — behind the fight against climate change months after Amazon employees publicly pressured him and the company to do more to address the issue. The Amazon (AMZN) CEO on Monday announced a new fund to... 

From next year, Italian school students in every grade will be required to study climate change and sustainability, in an attempt to position the country as a world leader in environmental education. Education Minister Lorenzo Fioramonti, of the... 

Oil demand is set to fall this quarter for the first time since the financial crisis in 2009 due to the coronavirus outbreak in China, the International Energy Agency (IEA) said on Thursday. “The consequences of Covid-19 for global oil demand will be... 

Since the turn of the century, there has been a global explosion in the production of renewable power. According to the 2018 BP Statistical Review of World Energy, global renewable energy production in 2000 was 218 Terawatt-hours (TWh). By 2018, that... 

Global carbon dioxide emissions stopped growing in 2019, the International Energy Agency (IEA) has claimed in a new report. According to the report released today, global CO2 emissions held at around 33 gigatonnes (Gt) last year, following two years... 

Modern living standards — indoor lighting, affordable food, heat in the winter, an internet connection — require energy. And every energy source has its drawbacks. It’s easy to point out the downsides of a given energy source and call for it to... 

Mini nuclear reactors could be generating power in the UK by the end of the decade. Manufacturer Rolls-Royce has told the BBC’s Today programme that it plans to install and operate factory-built power stations by 2029. Mini nuclear stations can...