Rising coal prices in Europe spur more interest in renewables

first_imgRising coal prices in Europe spur more interest in renewables FacebookTwitterLinkedInEmailPrint分享Bloomberg:Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does miners.Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival of the dirtiest fossil fuel, executives of energy companies that provide an alternative expect the move to accelerate a shift toward cleaner power sources. Higher energy costs also put efficiency on the agenda of industry and policy makers, breathing life into technologies designed to squeeze more out of raw materials of all kinds.“It’s an opportunity,’’ Paolo Bertuzzi, chief executive officer of Turboden SpA, a unit of Mitsubishi Heavy Industries Ltd., said at the Bloomberg NEF summit in London. “What’s important is not just the price but also the trend. If prices are rising, people start to think more about what to do about energy costs.’’The surge in coal stems from record demand for energy in China, which has driven up the cost of power generation fuels of all kinds. That’s drawn cargoes away from Europe and boosted electricity prices from Britain to Italy. Those governments already were working to limit fossil fuel emissions to rein in climate change. As a result, many utilities have spent years re-positioning to draw supplies from wind and solar farms instead of coal plants.Higher coal and power prices make renewables look like a better economic bet against fossil fuels, according to Ignacio Galan, CEO of Iberdrola SA, which was the first big promoters of wind power in Europe. “Fossil fuel costs are increasing, and that’s helping renewable energy,’’ Galan said in an interview at the BNEF conference in London this week. “It signals that if you invest in fossil fuel sources, you will be penalized.”Oil companies also expect to benefit from rising coal costs, since natural gas they supply is used as a competing power generation fuel. “The coal price increase has an impact and it is very good news for renewables, and very good news also for gas, and also very good news for CO2 emissions,” said Philippe Sauquet, president of gas, renewables and power at the French oil major Total SA. “If coal is expensive, less coal will be dispatched, there will be more room for gas and the CO2 emissions will decrease.”More: Coal reaching $100 a ton in Europe boosts greener alternativeslast_img read more

Romania’s interim PM and cabinet to enter quarantine after coronavirus contact

first_imgRomania’s interim prime minister Ludovic Orban said on Friday that he and his entire cabinet would quarantine themselves after coming into contact with a senator who was later confirmed to have the coronavirus.Liberal Party leader Orban said the senator had attended a meeting of the party’s senior figures on Monday, prior to getting tested. He added that he, his 17-member cabinet and all Liberal senators would quarantine themselves and be tested.”All government members … will do their duty and take all the measures to fight coronavirus, regardless of whether they are confirmed to have the virus or not,” Orban told reporters. He urged journalists who had covered his news conferences to seek testing as well. The quarantine could extend a political crisis that began when Orban’s cabinet was toppled in a no-confidence vote called by the main opposition party last month.Even before Orban’s quarantine announcement, Romanian President Klaus Iohannis was due to hold consultations with political parties later on Friday in the latest attempt to install a new government. With concerns growing about the spread of the new coronavirus, the presidency said Iohannis would now hold consultations with parties via teleconference.On Thursday Iohannis said he aimed to designate a new prime minister – widely expected to be Orban – who would have to be approved by a parliamentary vote next week. If successful, the premier would appoint a cabinet with full powers to fight the virus.Orban has held meetings with leaders of other political parties this week, as well as with Iohannis and other officials including the central bank governor.Romania has reported 70 cases of the coronavirus but no deaths.Topics :last_img read more

Monk: Swans display deserved credit

first_img “I understand that, but it’s my job as manager to stick up for my players and give them credit they deserve as much as the criticism when the negatives come their way. “It’s one game and we’re not getting carried away. We’ve got a lot to do but when credit’s due we should get it and unfortunately we didn’t because the media followed that story.” Monk said the performance at Stamford Bridge reflected the maturity in a side which finished a club-best eighth in the Premier League last season with a record points total. “I spoke to them before about belief and I think you saw that for 45 minutes at Chelsea last year, but when things went wrong we lost our way,” Monk said. “But you saw that belief for 90 minutes on Saturday. Unfortunately we went behind twice but we’ve shown we learned and ended the ones creating the danger. “I knew they would be focused, I had no worries about them because of their maturity as a side.” Speaking before Saturday’s home game against Newcastle, Monk said it was not his duty to discuss internal decisions taken at Chelsea but he insisted the row had deflected focus away from Swansea claiming their first point at Stamford Bridge in five Premier League attempts. “I was focused on my team, I didn’t pay attention to what was happening there and it’s not my job to give an opinion,” Monk said. “What Chelsea choose to do internally is their choice and the m anager has the right to have whoever he wants on the bench, that’s his prerogative and for others to judge. “The disappointing part of it all is that’s what the national press has decided to focus on and not the performance my players put on. “To go to the champions in the first game of the season and put a performance like that on… it’s been overshadowed.” Asked whether player welfare should come first in such incidents, Monk replied: “My medical staff understand how I work, what I expect from them and how we work. “I can only judge that, I’m not here to judge another club’s medical team and what they do. We know what we expect and that’s all I care about. “It’s quite natural the top teams are expected to win and when it doesn’t happen people tend to focus on the wrong things rather than what the opposition did well not to allow them to win the game. Swansea manager Garry Monk feels the row over Chelsea doctor Eva Carneiro going on to the pitch at Stamford Bridge last weekend overshadowed his side’s performance against the Barclays Premier League champions. Monk’s men held Chelsea to a 2-2 draw but most of the subsequent headlines have centred on first-team doctor Carneiro rushing on to the pitch to treat Eden Hazard, in the process momentarily reducing the 10-man Blues to nine players. Chelsea manager Jose Mourinho later described the actions of the club’s medical staff as “impulsive and naive” and Press Association Sport understands that Carneiro, while retaining her current job title, will no longer be involved in matches or training sessions. Press Associationlast_img read more

Andreas Pereira Dissapointed Me, “Not Ready To Fight” – Mourinho

first_imgRelated Manchester United manager, Jose Mourinho has expressed his displeasure at Andreas Pereira’s loan move to Valencia, saying the teenage midfielder “is not ready to fight” for a place in United’s team.21-year-old Pereira, who spent last season on loan to another Spanish outfit Granada, joined Valencia on a season long move last month.Speaking ahead of United’s visit to Stoke City, Mourinho said: “Honestly I don’t think it is the best decision for him, it disappoints me a little bit, as he has potential to be here fighting for a position and opportunities to be a United player.”“The decision can be considered the decision of a young player that wants to play every weekend but is not ready to fight for something difficult – you have to be ready to fight.”“I am a bit disappointed he left but okay, it was his decision, he has a long term contract, and we have the option to bring him back on 1st January.”last_img read more