Tag #Energy Security

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theglobeandmail.com

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Jul 24, 10:12

Teck to Invest $2.4 Billion in B.C. Copper Mine Expansion

Teck Resources Ltd. will invest up to $2.4 billion to extend its Highland Valley Copper Mine in British Columbia, Canada, until 2046, creating thousands of jobs and boosting Canada's critical minerals sector to meet growing global demand for copper in the green energy transition.

Teck to Invest $2.4 Billion in B.C. Copper Mine Expansion

Teck Resources Ltd. will invest up to $2.4 billion to extend its Highland Valley Copper Mine in British Columbia, Canada, until 2046, creating thousands of jobs and boosting Canada's critical minerals sector to meet growing global demand for copper in the green energy transition.

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How does this mine expansion contribute to Canada's broader goals regarding critical minerals and the global shift towards renewable energy?

This expansion directly responds to the surging global demand for copper, a critical material for electrification and renewable energy infrastructure. The project's $2.1 to $2.4 billion investment highlights the significant economic contribution of the mining sector to Canada's economy and its role in securing the supply of essential minerals for green technologies. The extended mine life until 2046 secures copper supply for the next two decades.

kathimerini.gr

🌐 85% Global Worthiness

Jul 24, 13:15

Turkey's Global Resource Acquisition Strategy

Turkey is aggressively acquiring energy and raw materials globally, investing in projects across three continents and purchasing LNG to diversify energy supplies, mirroring China's approach to expand its economic and geopolitical influence.

Turkey's Global Resource Acquisition Strategy

Turkey is aggressively acquiring energy and raw materials globally, investing in projects across three continents and purchasing LNG to diversify energy supplies, mirroring China's approach to expand its economic and geopolitical influence.

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What are the specific geopolitical factors driving Turkey's strategy of securing energy and raw material resources globally?

Mirroring China's approach since the 1990s, Turkey has signed resource extraction agreements across three continents, including a recent deal with Oman. This proactive strategy is driven by geopolitical realities, including the need for secure supply and technological development, according to Turkiye Petrolleri AO (TPAO) head Ahmet Turkoglu.

china.org.cn

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Jul 24, 07:15

China Completes Preliminary Design of CFR1000 Fast Reactor

China's National Nuclear Corporation (CNNC) announced the completion of the preliminary design for the CFR1000, a 1.2-million-kilowatt fourth-generation fast reactor, aligning with the nation's strategy for enhanced energy security and green development, building on over 10 years of independent R&D ...

China Completes Preliminary Design of CFR1000 Fast Reactor

China's National Nuclear Corporation (CNNC) announced the completion of the preliminary design for the CFR1000, a 1.2-million-kilowatt fourth-generation fast reactor, aligning with the nation's strategy for enhanced energy security and green development, building on over 10 years of independent R&D ...

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How does the development of the CFR1000 contribute to China's broader goals of achieving its dual carbon targets and improving its energy mix?

The CFR1000's development signifies China's commitment to enhancing energy security and promoting green energy. This project builds upon over a decade of independent research and development, establishing a complete industrial chain for large-scale fast reactors. The successful completion of the preliminary design marks significant progress in China's aim to achieve its dual carbon targets and improve its energy mix.

arabic.euronews.com

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Jul 23, 04:12

Renewable Energy Now Cheaper Than Fossil Fuels, But Challenges Remain

UN Secretary-General António Guterres declared the fossil fuel era over, citing a new IRENA report showing renewable energy projects are cheaper than fossil fuels in over 90% of cases; however, challenges remain in grid infrastructure investment and continued fossil fuel projects in some nations.

Renewable Energy Now Cheaper Than Fossil Fuels, But Challenges Remain

UN Secretary-General António Guterres declared the fossil fuel era over, citing a new IRENA report showing renewable energy projects are cheaper than fossil fuels in over 90% of cases; however, challenges remain in grid infrastructure investment and continued fossil fuel projects in some nations.

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What are the key economic and strategic implications of the declining cost of renewable energy compared to fossil fuels?

According to a new report by the International Renewable Energy Agency (IRENA), over 90% of renewable energy projects globally are now cheaper than fossil fuel alternatives. Solar power is 41% cheaper than the cheapest fossil fuel, and onshore wind power costs have dropped by more than half. This cost reduction is due to widespread use of clean technologies, massive Chinese manufacturing focus on emissions reduction, and $2 trillion in investment last year—$800 billion more than fossil fuels.

elmundo.es

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Jul 23, 01:12

Spain's Anti-Blackout Decree Fails, Jeopardizing \$180 Billion in Investment

The Spanish government's anti-blackout decree, intended to attract industrial investment and improve grid infrastructure, failed to pass parliament due to opposition from the PP, potentially costing Spain \$180 billion in investments and harming its renewable energy sector.

Spain's Anti-Blackout Decree Fails, Jeopardizing \$180 Billion in Investment

The Spanish government's anti-blackout decree, intended to attract industrial investment and improve grid infrastructure, failed to pass parliament due to opposition from the PP, potentially costing Spain \$180 billion in investments and harming its renewable energy sector.

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Why did the PP oppose the decree, and what were the arguments from those who supported it?

Major Spanish energy and industrial associations, along with numerous foreign investors, lobbied against the People's Party's (PP) rejection of the decree. The PP argued the decree was economically counterproductive, despite the decree aiming to streamline grid connections and boost renewable energy investments, addressing bottlenecks hindering Spain's industrial competitiveness and decarbonization efforts.

zeit.de

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Jul 23, 07:14

Record Surge in Wind Turbine Applications in Baden-Württemberg

Baden-Württemberg, Germany, saw a record 1,100 wind turbine construction applications between late May and June due to an expiring federal permitting simplification, exceeding the current 803 turbines and aiming to meet the state's 6,100-megawatt target by 2030.

Record Surge in Wind Turbine Applications in Baden-Württemberg

Baden-Württemberg, Germany, saw a record 1,100 wind turbine construction applications between late May and June due to an expiring federal permitting simplification, exceeding the current 803 turbines and aiming to meet the state's 6,100-megawatt target by 2030.

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What factors contributed to the significant increase in wind turbine applications?

The expiration of the simplified permitting process triggered a rush of applications totaling over 8,500 megawatts, significantly surpassing the current capacity of nearly 2,000 megawatts. This surge is viewed as crucial for meeting Baden-Württemberg's goal of 6,100 megawatts by 2030, a target now considered attainable.

forbes.com

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Jul 24, 19:14

China Considers Reviving Russia Gas Pipeline Amid Middle East Instability

China is considering reviving the "Power of Siberia 2" natural gas pipeline from Russia due to concerns about the reliability of Middle Eastern energy supplies following a recent military conflict in the region, potentially strengthening the Russia-China partnership.

China Considers Reviving Russia Gas Pipeline Amid Middle East Instability

China is considering reviving the "Power of Siberia 2" natural gas pipeline from Russia due to concerns about the reliability of Middle Eastern energy supplies following a recent military conflict in the region, potentially strengthening the Russia-China partnership.

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What are the immediate implications of China's renewed interest in the "Power of Siberia 2" pipeline, considering the recent geopolitical events in the Middle East?

Power of Siberia 2", a proposed 1,600-mile gas pipeline from Russia to China, may be revived due to concerns about Middle Eastern energy supply reliability. This follows Israel's military campaign against Iran, causing China to seek alternative energy sources, reducing its reliance on the Middle East. China imports roughly 30% of its LNG from the Middle East and 90% of its oil from Iran.

smh.com.au

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Jul 24, 10:13

Forrest Cancels Hydrogen Projects Amid Trump's Anti-Green Energy Policies

Andrew "Twiggy" Forrest's Fortescue Metals Group cancelled two hydrogen projects—a \$550 million Arizona plant and a \$140 million Queensland plant—due to the Trump administration's anti-green energy policies and high production costs, resulting in a \$150 million pre-tax writedown.

Forrest Cancels Hydrogen Projects Amid Trump's Anti-Green Energy Policies

Andrew "Twiggy" Forrest's Fortescue Metals Group cancelled two hydrogen projects—a \$550 million Arizona plant and a \$140 million Queensland plant—due to the Trump administration's anti-green energy policies and high production costs, resulting in a \$150 million pre-tax writedown.

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What are the immediate consequences of the Trump administration's policy changes on green energy investments, and how does this impact Australia's green hydrogen ambitions?

Andrew "Twiggy" Forrest cancelled a US \$550 million hydrogen project due to the Trump administration's shift away from green energy, impacting clean energy investments. This follows the termination of another \$140 million Australian project, resulting in a \$150 million pre-tax writedown for Fortescue Metals Group.

smh.com.au

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Jul 24, 10:13

Aureka's St Arnaud Project Delivers High-Grade Gold Results

Aureka Limited intercepted high-grade gold (up to 19.9 g/t) at its St Arnaud gold project in western Victoria, exceeding expectations from the first drill hole of their campaign and confirming the continuity of gold mineralization down-dip of a 56,500-ounce maiden resource at the Comstock prospect, ...

Aureka's St Arnaud Project Delivers High-Grade Gold Results

Aureka Limited intercepted high-grade gold (up to 19.9 g/t) at its St Arnaud gold project in western Victoria, exceeding expectations from the first drill hole of their campaign and confirming the continuity of gold mineralization down-dip of a 56,500-ounce maiden resource at the Comstock prospect, ...

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What are the potential long-term implications of Aureka's success in expanding the Comstock gold resource?

Aureka's ongoing drilling program aims to further delineate the high-grade zones and refine the geological model at Comstock. The company's proximity to existing gold processing mills and its strong cash position ($5 million) position it to potentially capitalize on the current high gold price through early-stage toll milling. Successful expansion of the Comstock resource could significantly increase Aureka's overall gold inventory and enhance its market value.

cnn.com

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Jul 23, 07:13

Japan to Build New Nuclear Reactor Post-Fukushima

Kansai Electric Power will begin surveys for a new nuclear reactor at its Mihama power station in Fukui prefecture, Japan's first such project since the 2011 Fukushima disaster, aiming to bolster energy security and decarbonization efforts.

Japan to Build New Nuclear Reactor Post-Fukushima

Kansai Electric Power will begin surveys for a new nuclear reactor at its Mihama power station in Fukui prefecture, Japan's first such project since the 2011 Fukushima disaster, aiming to bolster energy security and decarbonization efforts.

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What factors influenced Japan's decision to restart nuclear reactor construction after the Fukushima disaster?

This decision reflects Japan's renewed focus on nuclear power, aiming to increase energy independence and meet decarbonization goals. The project, using the SRZ-1200 reactor design, signifies a shift towards next-generation technology following the Fukushima incident and stricter safety regulations. The government supports this initiative.

theglobeandmail.com

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Jul 23, 04:12

Quebec Pension Fund Invests $3.2 Billion in UK Nuclear Plant

Quebec's Caisse de dépôt et placement du Québec is investing $3.2 billion in the Sizewell C nuclear plant in Suffolk, England, becoming the second-largest owner after the British government, which is using a regulated-asset-base model to fund the project, adding approximately $1.84 per month to UK c...

Quebec Pension Fund Invests $3.2 Billion in UK Nuclear Plant

Quebec's Caisse de dépôt et placement du Québec is investing $3.2 billion in the Sizewell C nuclear plant in Suffolk, England, becoming the second-largest owner after the British government, which is using a regulated-asset-base model to fund the project, adding approximately $1.84 per month to UK c...

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How does the regulated-asset-base funding model for Sizewell C address the historical challenges of financing nuclear power plants, and what are the implications for consumers?

The Sizewell C project, initially estimated at \$34.4 billion in 2020, now costs \$70.1 billion. This cost escalation reflects the historical challenges of nuclear plant construction, known for significant cost overruns and delays. The British government is employing a regulated-asset-base model to mitigate financial risks by adding \$1.84 per month to consumer bills during construction.

repubblica.it

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Jul 23, 01:12

Renewable Energy Saves \$57 Billion in 2024

A new report by the International Renewable Energy Agency (Irena) reveals that renewable energy saved the world \$57 billion in fossil fuel costs in 2024 due to 582 gigawatts of new capacity, with 91% of new green plants cheaper than fossil fuel alternatives.

Renewable Energy Saves \$57 Billion in 2024

A new report by the International Renewable Energy Agency (Irena) reveals that renewable energy saved the world \$57 billion in fossil fuel costs in 2024 due to 582 gigawatts of new capacity, with 91% of new green plants cheaper than fossil fuel alternatives.

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What were the immediate economic benefits of renewable energy in 2024, and how significant were they globally?

In 2024, renewable energy sources saved the world \$57 billion in fossil fuel costs, according to a new report by the International Renewable Energy Agency (Irena). This saving resulted from 582 gigawatts of new renewable energy capacity installed last year, with 91% of new green energy plants proving cheaper than fossil fuel alternatives.

Showing 601 to 612 of 3,871 results