Energy

  Bloomberg China has identified enough wind energy potential in Tibet to power the UK, Germany and France combined, and plans to further develop the region to help meet its ambitious climate targets. Tibet has enough sites with strong, steady wind to install 600 gigawatts of turbines, with another 420 gigawatts possible in parts of the plateau in neighboring regions ...

  Bloomberg Pakistan is cutting electricity to households and industry as the cash-strapped country can no longer afford to buy coal or natural gas from overseas to fuel its power plants. The South Asian nation is struggling to procure fuel from the spot market after prices of liquefied natural gas and coal surged to records last month as the war ...

Bloomberg Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera. “Diversification is possible and feasible relatively quickly, shorter than we imagined just a month ago,” the Italian prime minister said after reaching an agreement to increase gas imports from Algeria. “We have gas in storage and will have ...

Bloomberg President Emmanuel Macron vowed to end the use of fossil fuels in France if re-elected, eight days before he faces far-right leader Marine Le Pen in a run-off election. Speaking at a campaign rally in the southern city of Marseille, Macron said he would appoint a minister of energy planning whose mission “would be to make France the first ...

Bloomberg Gazprom PJSC’s average daily exports to key foreign buyers so far in April fell to lowest in three months, as warmer weather and lower spot prices started to lure European clients away from Russian gas. The gas giant exported an average of 407 million cubic meters a day to countries outside the former Soviet Union in the first 15 ...

  Bloomberg Jeep, the iconic American SUV brand, wants to convince the world it’s going green, even if it doesn’t yet have the electric vehicles to show it. The itinerary of Christian Meunier, the global head of Jeep, shows the two worlds the brand is straddling. For a few days, he was off-roading in Moab, Utah, in electric concept versions ...

  Bloomberg China is set to install a record amount of wind and solar power capacity this year as the country strives to meet climate goals while reducing its reliance on the rest of the world for energy. China will add 140 gigawatts of capacity from the clean energy sources, said Tao Ye, a researcher with the National Development and ...

  Bloomberg Regulators approved a $4.5 billion transmission line that will deliver Canadian hydropower to New York City, a key component of the Empire State’s efforts to eliminate carbon from its power grid by 2040. The 339-mile Champlain Hudson Power Express is expected to be complete in 2025, according to a statement from New York Governor Kathy Hochul. The Public ...

Bloomberg California, which aims to have a carbon-free power grid within 25 years, got a short glimpse of that possibility earlier this month. The state’s main grid ran on more than 97% renewable energy on April 3, breaking a previous record of 96.4% that was set just a week earlier, the California Independent System Operator said in a statement. “While ...

  Bloomberg Romania is moving ahead with a plan to unlock stalled natural gas projects in the Black Sea as Europe searches for new energy resources to cut reliance on Russia following its invasion of Ukraine. The country’s ruling coalition has reached an agreement on a long-delayed bill amending the country’s offshore law to boost investments and unlock stalled gas ...