Energy

After the dot.com crash and the credit crunch, investors are being warned of the potential consequences of a ‘carbon bubble’.

Stock markets are sitting on vast reserves of fossil fuels that cannot be burnt if the world is to stick to climate change targets, according to research issued by the Carbon Tracker initiative. Read more

Developing countries invested more in renewable energy than their developed counterparts for the first time last year, according to a report commissioned by the UN Environment Programme (UNEP). Read more

When the Republic of South Sudan becomes the world’s newest state on Saturday, the new government in Juba will begin to assess how it can establish an independent export route for its vast oil reserves. Read more

India seems to hold the upper-hand over Iran in a dispute over payments for crude oil shipments that has been rumbling for over six months.

Iran supplies India with 12-14 per cent of its total imports, making it India’s second biggest provider after Saudi Arabia. But a payments dispute has left India owing debts estimated at anywhere between $2-6 billion. In effect, this means India has been importing Iranian oil on credit since December 2010. Read more

Middle East nuclear, RWE, Chinese wind turbines

In this week’s podcast: We talk to Deloitte’s head of nuclear, Daniel Grosvenor about nuclear power plans in the Middle East; we look at German utility RWE and the possible sale of UK subsidiary Npower; and, we discuss China’s steps into the European wind market with the country’s biggest turbine maker securing an Irish wind farm deal worth €1.5bn. Read more

Pakistan is to become a key buyer of Iranian natural gas at a time when relations with Washington are at their most strained in recent years.

Work on extending the Iran-Pakistan gas pipeline will begin in the next six months and is set to be complete by 2014, according to Asim Hussain, the Pakistani natural resources minister. Some 1,100 km of the 2,700 km pipeline has already been completed on the Iranian side of the border, stretching from the South Pars field to the frontier with Pakistan. Read more

Sheila McNulty

The issue of hydraulic fracturing, or fracking, has taken on a life of its own. But with so much misinformation circulating, it is hard for the general public to know whether it is a good thing or a bad thing. The truth is – as with any polarizing issue – somewhere in the middle Read more

Smart meters and BG Group in Brazil

In this week’s podcast: Smart meters in the UK will save energy companies billions – but consumers only £23 per year. And BG Group revises the oil reserve estimates in Brazil. Good fortune for the company, but what does it mean for the energy market? Read more

David Blair

Over the next decade, Britain is expected to spend some £200bn on overhauling its entire energy infrastructure. Chris Huhne, the energy secretary, tries to justify this colossal price tag by pointing to the future opportunities presented by “green growth”. He reckons the UK can reap a huge dividend by becoming a leader in renewable energy technologies, allowing us to penetrate new export markets in emerging economies. 

But an energy conference organised by the Financial Times in London threw several buckets of cold water over Huhne’s optimistic theory. Read more

BP, EU emissions, India

In this week’s podcast: BP looks to settle potential claims over the Gulf spill; global airlines prepare to be included in EU emission targets; and we talk to Sangram Nayaka, organiser of the Energy Investment Summit in Dehli about India’s energy policy – nuclear vs renewables? Read more