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Saturday, December 1, 2007

China and Indi-biggest fossil fuels consummers? And of course, E.ON fix for electricity

Today, I give you a report on the growth of India and China and pretty pretty corruption scent from Germany- or how to increase the electricity bill with minimum efforts...

IEA warns of 'runaway' energy thirst as oil prices soar

China and India's emergence in world energy markets and their massive projected energy needs are the focal points of the International Energy Agency's (IEA) 2007 World Energy Outlook, which calls for a 'radical shift' in investment towards cleaner, more efficient energy technologies.

Based on reference scenario projections, the world will need over 55% more primary energy than in 2005 to meet the needs of populations in 2030, and 45% of that energy demand will come from India and China, according to the IEA.
Higher oil and gas prices are driving coal take-up in many economies, particularly in India and China, according to the report.

China uses coal to meet two-thirds of its primary energy demands and is expected to surpass the US in terms of CO2 emissions in 2007. Its overall CO2 output is expected to more than double by 2030, according to the IEA.

India is expected to use three times more coal by 2030 to meet of its primary energy demand. But unlike China, which is expanding its transport infrastructure to carry vast inland coal reserves to its coastal regions, India has few reserves and must rely increasingly on coal imports.

India will become the world's third largest coal importer by 2025 and the world's third largest CO2 emitter by 2015. source

'Impressive' energy cartel uncovered in Germany

The German cartel office has compiled considerable evidence of price fixing and anti-competitive behaviour by Germany's four main electricity and gas suppliers, according to information obtained by the Spiegel.

In a series of secret meetings between 2003 and 2006, the chief executives of Germany's four main energy suppliers E.ON, RWE, Vattenfall (of Sweden) and EnBW (partially owned by France's EDF) exchanged sensitive and secret information about their companies and discussed common strategies for a variety of markets, according to the Spiegel.

The German weekly reported on 3 November that the German cartel office (Kartellamt) had already compiled a 30-page report in November 2006 containing far-reaching allegations of cartel-like behaviour, based on thousands of pieces of evidence obtained through raids by the Commission's Directorate-General for Competition.

E.ON in particular devoted considerable efforts to influencing the price of energy, including through the premature decommissioning of power plants, according to the report.(fuckers) (source)

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