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Electric Vehicle Initiative Launched at Clean Energy Ministerial in Washington DC

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As of 20 July, participating governments include China, France, Germany, Japan, South Africa, Spain, Sweden, the United Kingdom, and the United States. Carbon Capture, Use, and Storage (CCUS) Action Group. Multilateral Solar and Wind Working Group. Other initial partners include the International Energy Agency.

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OMV says it will stop oil and gas production by 2050 in transformation to net-zero

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The Exploration & Production business segment will invest in geothermal energy and carbon capture and storage (CCS) leveraging existing assets and capabilities and contribute to a more sustainable society. At the same time, OMV will invest around €5 billion in the development of low-carbon businesses, i.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA. Click to enlarge.

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