Slightly more than a year into the oil price collapse of 2014, and nations and companies alike continue to adjust to new economic and market realities. Even in the face of markedly lower oil prices, supply continues to outpace demand, expanding the already large global inventory overhang. The surge in U.S.
On August 3, 2015, the Environmental Protection Agency released the final Clean Power Plan (CPP), a regulatory action under the Clean Air Act that establishes guidelines for states to limit carbon dioxide emissions from existing power-generation units. The plan differs in a number of important ways from a draft version released in June 2014.
Today, U.S. president Barack Obama and Chinese president Xi Jinping used the occasion of their high-level bilateral meeting to once again send a strong message about the two countries’ commitment to address climate change.
September 22 to 27, Pope Francis makes his first visit to the United States—a whirlwind tour of the I-95 corridor in which he will meet with President Obama; deliver addresses to the U.S.
It was a busy summer for the top three nuclear energy countries in the world: the United States (with a 100-reactor fleet), France (with a 58-reactor fleet), and Japan (with a 43-operable-reactor fleet). In France, a law was passed in late July to severely limit the role of nuclear power in the country’s electricity supply mix for some decades to come.
Renewable energy is a growing source of electricity around the world. While renewable costs continue to decline and technology improves, there are still significant hurdles to widespread adoption.
Crude oil, a fossil fuel, is the most widely used energy source in the world, accounting for 31 percent of total primary energy demand in 2012. Crude oil’s global role is primarily due to its importance in the transportation sector: transportation accounts for almost two-thirds of global petroleum consumption. As a result, oil and the economy are intimately linked.
Nuclear power is an important source of non-fossil base load electricity in 30 countries, and is often cited as a necessary component of a diverse, reliable electricity sector. Globally, the nuclear power sector continues to expand, although in recent years nuclear power has faced significant challenges.
Natural gas is a combustible, gaseous fossil fuel that is the third-most widely-used energy source in the world, accounting for approximately 21 percent of total primary energy demand in 2012.