Oil, the world’s major source of energy, generates geopolitical tensions. Venezuela has the largest reserves, followed by Saudi Arabia, but renewable energies are threatening this dominance. Middle Eastern countries play a key role in this industry.
West Cumbria Mining has stirred up controversy with its decision to build the UK’s first new deep coal mine in over 30 years. The mine will generate significant employment and revenue, but is facing opposition from MPs and environmental groups who believe it runs counter to the UK’s climate objectives.
Natural gas plays an essential role in the global energy transition, thanks to its lower cost and lower pollution than oil. Russia has the largest reserves, followed by Iran and Qatar, while the USA is increasing its share thanks to shale gas exploitation, with Venezuela, Nigeria and China having smaller reserves.
Xi Jinping has announced China’s carbon neutrality by 2060, reducing CO2 emissions by 215 billion tonnes, while aiming for economic growth through renewables despite coal and technology challenges.
VERVANT LTD
71-75 Shelton Street
LONDON WC2H9JQ
UK
Inclus dans cet abonnement:
