1. Quote of the week:
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It’s easy to be disheartened by the enormous technological and economic challenges to finding efficient new ways to meet the world’s energy needs – particularly with the massive scale of consumption in the developed world. So simple, low tech solutions always generate excitement – the $5 solar oven being a good example. Somewhat in this vein, the BBC World Service reports on an appealing idea: using banana skins and other waste from the plant to make simple briquettes for burning.
It doesn’t necessarily address the problem of soot or ‘black carbon’ emitted by burning biomass, which is understood to be a significant contributor to climate change. But the BBC reports it would reduce deforestation due to wood being gathered burnt for home cooking. Read more
- Rio says committed to Chinalco tie-up
Shares in Rio Tinto regained the steep losses (FT)
- Opec resolve to cut output fraying, says IEA
Cartel raised its output by 270,000 barrels a day (FT)
- National Grid rules out cash call
Expects to strengthen its financial position (FT)