Financial Communique » energy

Only 3% of electricity comes from green sources

Viliyana Filipova — Sat, 05 Dec 2009 14:48:07 +0000

The share generated from renewable energy sources is three percent of total production, as most energy is produced from biomass, wind, geothermal sources, while at least – from solar panels. According to surveys of energy consumption worldwide by 22 300 TWh last year will increase to 33 000 TWh in 2030. Told journalists Henrik Binsle, director of the Laboratory of Renewable Energy Danish Technical University. Today in the Danish capital Copenhagen climate conference begins. Increasing the share of green energy will reduce the rate of increase in average temperature of the earth. In the next 90 years, this will balance the energy level of carbon to that in the middle of last century. According to Danish researchers to reduce the level of dioxin spewing carbon into the atmosphere must be increased to 17% level of energy from renewable sources. This in turn will reduce the percentage of use of other sources to produce electricity – the most significant, three times will reduce oil use for power and 1 / 4 – coal. The scientists believe that we should increase the share of energy produced by nuclear plants. According to researchers in the distribution produce “green power” after 20 years should have a surplus of energy from wind farms, one third is from solar power plants, while reducing the under one-sixth share of energy from biomass. According Binsle currently one percent of the world’s electricity is from wind plants. In Denmark the share is 20% currently, and in 2025 will be 50%, he added.
As appropriate for the installation of wind turbines is opting to put in the sea, and to replace old oil rigs. According to the studies with the highest resource for producing energy from wind, the territories of Northern Africa, and mainly the eastern half of the Sahara desert.

USA exchanges dropped after Dubai Affair

Viliyana Filipova — Mon, 30 Nov 2009 01:55:20 +0000

The main stock indexes in the United States did not make an exception and also went to negative territory in early session today after holiday similar to those in Asia and Europe. Among losers ran those companies from the financial, energy and extractive industries. Reason for this were concerns about the inability of the state’s largest investment holding company of Dubai to pay its obligations. The way in which world financial markets reacted to news about the financial difficulties of the emirate of Dubai, showed how market participants remain sensitive to any bad news from the financial sector. Today’s trading will be shortened by half and therefore the liquidity is expected to remain low until the end of the trading session, which will end at 20:00 pm local time. The index of the 30 most liquid companies large and Dow Jones IA decreases by 1.2% to 10 341.6 points an hour and a half after the beginning of the session. On Wednesday, the stock measure reached its highest peak in the last 13 months of good data on the housing market and the labor market. A broader index S & P 500 also lost 1.2 percent to 1 097.3 points, after the very beginning of the session are reduced by 2.5%. The index, which combines all companies in exchange Nasdaq – Nasdaq Composite, retreated 1% to 2 153.5 points.
Dubai alarming news about the reduced tendency of market participants to invest in risky assets have increased the price of the dollar. As a result, gold and other precious metals fell as the price of gold recorded its strongest decline since the beginning of January. Crude oil got cheaper by 1.2 percent to 75.23 dollars per barrel. Today it became clear that many of the chain retailer in the United States will benefit from the opportunities of social networks to attract more customers during the weekend of Thanksgiving.