Author: Graham Foster

Stay knowledgeable with free updatesThe head of the UN’s nuclear watchdog is to visit an atomic energy station in Kursk, south-west Russia, saying he’s taking “very seriously” the chance that the ability may very well be broken throughout Ukraine’s incursion into the area.Rafael Grossi, director-general of the International Atomic Energy Agency, instructed the Financial Times in an interview that the Kursk plant was “technically within artillery range” of Ukrainian positions. “And since there is combat, I’m very concerned.”Grossi stated he would visit Kursk subsequent week to speak to its managers and collect any proof of whether or not it had…

Unlock the Editor’s Digest at no costKazatomprom, the world’s largest uranium producer, has slashed its production target for 2025 resulting from challenge delays and sulphuric acid shortages, threatening to squeeze provides of the radioactive gas important for nuclear energy.The Kazakh firm, which generates a fifth of world uranium provide, lower its target for subsequent 12 months by 17 per cent to a spread of 25,000 to 26,500 tonnes of yellowcake. The transfer is prone to put upward strain on uranium costs, which have softened from a 16-year excessive above $100 per lb this 12 months however stay at traditionally elevated ranges…

South Korea is accelerating its push to export nuclear reactors to Europe because it seeks to change into a number one participant in a worldwide market dominated by China and Russia.After beating Westinghouse of the US and France’s EDF to change into most popular bidder on a $17bn venture within the Czech Republic in July, state-run utility Korea Hydro & Nuclear Power is about to signal a contract early subsequent 12 months for 2 reactors within the central European nation.The deal, if accomplished, will mark Korea’s first main abroad nuclear energy venture in 15 years, since a consortium led by…

Unlock the Editor’s Digest for freeThames Water, the London utility combating for its monetary survival, has known as for one other enhance in buyer payments because it warned that proposed cuts to its marketing strategy by the business regulator would jeopardise the corporate’s restoration. The UK’s largest water provider, which serves 16mn individuals in south-east England, stated on Wednesday that it wished to boost buyer payments by £18.99 a month — or 52 per cent — by 2030 to fund funding in wastewater remedy and different enhancements to its providers. That may grow to be a 59 per cent rise…

Unlock the Editor’s Digest free of chargeThe head of the UN maritime physique stated on Wednesday that he was “extremely concerned” in regards to the risk of an oil spill within the Red Sea, after Yemen’s Houthi rebels set hearth to a tanker carrying 1mn barrels of crude.The assertion from Arsenio Dominguez, secretary-general of the International Maritime Organization, underlined rising worldwide concern in regards to the destiny of the Greek-owned Sounion, which was disabled in a missile assault final week. The Houthis then began a fireplace by setting off explosives on the decks, after the crew had been rescued.The Pentagon…

Stay knowledgeable with free updatesA bunch of greater than 30 international locations cut public funding for fossil fuel initiatives overseas by up to $15bn final 12 months, a report has discovered, though the US has continued to pour billions into oil and gas finance.At the COP26 UN local weather change convention at Glasgow in 2021 international locations together with the US, Canada, the UK and France all pledged to swap as a lot as $28bn of annual commerce and growth cash from fossil fuels to clear energy. The international locations, which fashioned the Clean Energy Transition Partnership (CETP), managed to cut such…

Today’s prime talesStrong retail gross sales information and sturdy outcomes from Walmart have lifted extra of the gloom on the US economic system, sparking an extra uptick on Wall Street and setting world shares on track for his or her greatest week in 9 months.Crunch talks over a ceasefire and hostage launch deal in Gaza stretched right into a second day in Doha, as worldwide mediators sought to dealer an settlement that will additionally purpose to ease rising regional hostilities and keep away from full-scale conflict between Israel and Iran.Paetongtarn Shinawatra was elected as Thailand’s prime minister, marking the return…

Hello from London, the place the knock-on impact of Russia’s struggle towards Ukraine remains to be ricocheting round the area.On Friday, Britain’s energy regulator is anticipated to announce a 9 per cent improve in family energy payments, following an increase in wholesale gas costs partially as a consequence of uncertainties round Russian gas pipeline provides to Europe.It means typical payments are nonetheless a number of hundred kilos a yr increased than earlier than the energy disaster fuelled by Russia’s full-scale invasion in February 2022.It comes as Russian assaults on Ukraine’s gas storage websites are deterring merchants from storing gas there,…

The UK authorities has began recruiting employees to assist arrange GB Energy, with plans to unveil the much-anticipated location for the Scotland-based state-owned company’s headquarters subsequent month.The Department for Energy Security and Net Zero has posted job adverts on social media platform LinkedIn for “mid-senior level” positions to assist arrange the new company, which might be capitalised with £8.3bn over the parliament to speed up the rollout of clear energy. The positions embrace engagement lead and energy challenge improvement lead roles. At an occasion in Aberdeen on Thursday, energy minister Michael Shanks stated the placement of the GB Energy headquarters…

Stay knowledgeable with free updatesThe key international gas industry physique has criticised the eventualities that are relied on by policymakers in tackling climate change for failing to bear in mind future energy demand, and warned of energy shortages by 2030.The Swiss-based International Gas Union mentioned there was a “significant gap” between what was forecast for demand primarily based on historic consumption patterns and the pathways proven by establishments such because the International Energy Agency to attain the cuts in emissions behind climate change.The largest contributor to greenhouse gas emissions is the burning of fossil fuels for energy and heating, together…