Daily Archives: October 9, 2009

Fiona Harvey

On Energy Source:

UK’s Ofgem says £200bn in new investment needed (FT) Read more

Fiona Harvey

It was almost the last United Nations negotiating session before December’s crunch conference in Copenhagen, but the Bangkok session, which began on September 28 and ended on October 9, finished with a whimper rather than a breakthrough.

There was still no agreement on the key issues of how far developed countries will pledge to cut emissions in the medium term, and how they will provide financial help to poor countries, which need assistance both to cut emissions and cope with the effects of climate change. Read more

Carola Hoyos

Ofgem, the UK energy regulator, has calculated that £200bn will be needed to keep the country’s lights and heat on.

The following is a list of reactions to Ofgem’s report. Energy Source will update the list as reactions come in. Add your own via the comment box. Read more

Fiona Harvey

Stopping the lights going out in the UK will take £200bn of new investment in the energy sector, the power regulator Ofgem has calculated.

This could lead to rises in energy bills of 60 per cent for consumers. Read more

James Fontanella-Khan

BP says it may spend as much as $20bn in Iraq
UK oil group signed a preliminary contract with Iraq and China (Bloomberg)

Eon puts Kingsnorth plant on hold
German energy group says plant will probably not be operational until 2017 (FT)

Peak oil could hit soon, report says
Worldwide production could peak in the next decade (Guardian)

Climate talks end with dispute over abandoning Kyoto agreement
EU moving to kill Kyoto Protocol, says Saudi negotiator (Bloomberg) Read more