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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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The report also highlighted supply disruptions as one of the major energy events of the year. The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world.

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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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Residential solar PV systems are now as much as 70% cheaper than in 2008. Solar power prices are dropping rapidly in the Middle East, with a recent tender in Dubai, UAE, falling to US$0.06/kWh. North America also has competitive wind projects, with an average cost of US$0.07/kWh. kWh for projects in Europe.

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