SCO & BRICS latest news and insights
The CEO of Saudi Aramco, Amin Nasser, has called for a change in the strategy of transitioning from fossil fuels to renewable energy sources, commonly known as the 'green' transition. Nasser believes that the current strategy has failed and proposes to abandon the idea of replacing oil and gas with...
By Rhod Mackenzie
Germany is facing the exodus of German companies to the United States and China amid rising gas prices in Europe, the Bundestag's budget committee told Izvestia. MP Wolfgang Wiele stresses that the chemical industry has suffered the most: in two years, Germany has lost about a qu...
The Dutch regulator's approval to import enriched uranium hexafluoride (UF6) from Russia for the next three years has caused controversy. Urenco, a government-controlled company, had to clarify that Western nuclear energy cannot do everything that is done in Russia, and that there are contractual ob...
By Rhod Mackenzie
While many countries are moving away from using coal to consign its use to history, China continues to increase its consumption. This commitment to coal seems to contradict China's impressive successes in green technologies and poses a threat to global efforts to combat climate ch...
The International Energy Agency (IEA) predicts that China will produce one-third of the world's electricity next year. China's ever expanding power grid is driving growth in its manufacturing industry, which in turn affects the economies of its trading partners such as the USA, Europe, and Japan. Fu...
By Rhod Mackenzie
Economists warn of a significant risk of recession in the Old World due to problems in energy supply chains.
The quarterly study 'Review of Economic Experts', conducted by economists from the German economic institute Ifo and the Institute of Swiss Economic Policy (IWP), suppor...
