Posts in category: News from the fuel and energy sector

This year, China will stop subsidising the construction of solar and onshore wind farms.

Russia could be in a position to export volumes of up to 200,000 tonnes of hydrogen by 2024, Deputy Prime Minister Alexander Novak wrote in a column in the magazine and website Energy Policy.

Industrialised G7 countries agreed to provide $100 billion dollars each year to help poor countries fight global warming and to eliminate carbon emissions by 2050. The plan to provide $100 billion was first announced back in 2009, but has yet to be carried out.

The Dutch gas transport system Gasunie, along with the ports of Amsterdam, Rotterdam, Groningen and North Sea Port have launched a project on creating a hydrogen exchange, the Rotterdam port authority reported.

Major international bank HSBC will no longer provide financing for the coal industry. The bank’s shareholders approved plans for a gradual withdrawal from financing the sector in developed countries by the end of the decade. By 2040, the bank will cease all investment in the coal industry world-wide.