Oil prices plunge -winners and losers

The price of oil was down more than 9.9 percent last Friday afternoon and stopped its fall just above $67 per barrel after the Organization of the Petroleum Exporting Countries decided it would not cut back production significantly in the months ahead. The falling price of oil looks likely to be one of the dominant forces shaping the global economy in 2015. Read more>>>
The New York Times

Ukrainian Government approved action plan for implementation of the EU Energy Directives on energy efficiency

The action plan is developed to fulfill commitments under Energy Community, organisation which aim  is to extend the EU internal energy market to South East Europe and beyond on the basis of a legally binding framework, including harmonization of Ukrainian national energy legislation with EU legislation. The plan is focused on implementation of the following Directives:
- Directive 2006/32/EC on energy end-use efficiency and energy services 
- Directive 2010/30/EU  on the indication by labelling and standard product information of the consumption of energy and other resources by energy-related products 
- Directive 2010/31/EU on the energy performance of buildings. More details >>>
www.rbc.ua/

United Kingdom will donate £720m to UN’s Green Climate Fund

UK is offering the equivalent of $1.13 billion, more than the $1 billion pledged each by Germany and France to Green Climate Fund which has a target of $10 billion. The UK commitment to the fund, seen as a vital step towards rich and poor nations sealing a deal to tackle global warming in 2015, is surpassed only by the US and Japan. Read more>>>
GreenWise

Improving energy efficiency and reducing energy consumption should be the key priority of Ukraine's energy policy

Economic and political turmoil in Ukraine has already led to a significant reduction in energy consumption in the country. According to Ukraine's State Statistics Committee, from January to September, consumption of electricity fell by 5.8% and natural gas by 16.6%, compared with the same period last year. The country’s energy-saving potential could be as much as 50% of its current energy consumption. Read more >>>
EurActive.com

CO2 Emissions From Fuel Combustion Highlights 2014 by IEA

IEA published Highlights on the eve of the twentieth session of the Conference of the Parties to the UNFCCC which to be held in Lima, Peru from 1-12 December 2014. This annual publication contains CO2 emissions data for more than 140 countries and regions for period  from 1971 to 2012. Read more>>>

IEA

Russia suspends coal supplies to Ukraine

Ukraine's energy minister Mr. Prodan said on Monday Russia had suspended coal supplies to Ukraine. which  would have to rely on Russian coal to get through the winter after the war in the east disrupted supplies to thermal power plants, which provide around 40 percent of the country's electricity, and left reserves critically low ahead of the cold season. Read more >>>
Reuters

Hydropower helps Ukraine to ease energy crisis

 Before the problems with energy supply, hydroelectric power stations produced electricity primarily during peak demand. Now, 70 percent of the  hydroelectric facilities operate at normal capacity around the clock. Hydropower accounts for about eight percent of electricity generated in Ukraine, whereas the average rate around the world is roughly 15 percent. Nevertheless, Ukrainian experts are convinced that the country has enough resources to achieve this level. Read more>>>
PRNewsWire

How to connect renewable energy facilities to the grid and get the "green" tariff

Specialized seminar  on above topic  to be held on 10th December, 2014 in Kyiv (Conference Hall Green Well). Read more >>>
http://greentariff12.ticketforevent.com/en/

Ukraine's struggling economy is in desperate need of investment

In April the IMF co-ordinated a bail-out to which it pledged to contribute $17 billion over two years. A coalition of Western countries provided smaller amounts. So far about $7 billion has been dispersed. But Ukraine needs more than temporary financing. Read more >>>\
The Economist

Ukrainian Energy Auditors Association meeting

Ukrainian Energy Auditors Association meeting took place in Kyiv last week. Over 100 energy auditors and experts participated. Current status and perspectives of future development of energy services market in Ukraine were discussed. Read more >>>
http://aea.org.ua/

IEA’s World Energy Outlook 2014 - important messages

The International Energy Agency’s (IEA) World Energy Outlook 2014 was presented in Brussels on November 14.  Just like a year ago, it warns that long-term oil supplies are far from secure, with the Middle East re-establishing itself as the main supplier in the long-term. Moreover, while low-carbon sources (renewables and nuclear) may provide a quarter of global energy supplies by 2040, the world is still set for a 3.6 degree temperature rise. Read more >>>
EnergyPost.eu

Small countries providing big climate change solutions

Decarbonisation of energy is being implemented around the world, including from some countries that don’t take up much space on a globe.  Small in landmass and population but packing a punch, check out some of their highlights below. Read more >>>
Decarboni.se 

Coal extraction in Donetsk oblast dropped by 65% in October

Coal mines in Donetsk oblast produced just 1.1 million ton of coal in  October what is about one third of coal production in October of the last year. Most of coal, over 0.9 million ton,  were extracted in the area under Ukrainian government control. Read more >>>
www.pravda.com.ua

U.S., EU Weigh More Sanctions

Representatives of the EU’s 28 member states and the U.S. are meeting in Brussels to discuss imposing new penalties on individuals or on the Russian economy for the country’s interference in Ukraine. The conflict in Ukraine has claimed 4,000 lives since fighting began in mid-April, in what’s become the worst geopolitical standoff between Russia and its former Cold War foes since the Iron Curtain fell 25 years ago. Read more >>>
Bloomberg

Ukraine’s economic freedom depends more on its energy freedom than on any other single factor

In its 23 years of independence, Ukraine has achieved little to build its energy security. Ukraine imports over 60% of its natural gas consumption and over 80% of its crude oil consumption, mostly from Russia. Yet its abundant energy resources could provide for more than 100 years of natural gas consumption and transform the country into a net exporter of energy. Read more >>> 

The Globalist

China and US agree on ambitious greenhouse gas emissions targets

China and the US, which together produce around 45 per cent of the world's carbon dioxide, will be key to ensuring that a global deal on reducing emissions after 2020 is reached in Paris next year. It is the first time China, the world's biggest polluter, has set a date for its emissions to stop increasing. At the same time the US set a goal to cut its own emissions of the gases blamed for climate change by 26-28 per cent from 2005 levels by 2025. Read more >>>
ABC News

The loss of the mining region forced Ukraine to seek coal supplies elsewhere

Ukraine extracts about 1 percent of the world's coal output, making it the third biggest producer in Europe and a traditional exporter. Donbass, an area in the country's east that includes the Donetsk and Luhansk regions, contains more than 140 mines, only 37 of which remain under Ukrainian control. Read more >>>
Bloomberg View

"Greencubator" to help clean energy start-ups gain funding in Ukraine

A cold winter may be coming for Ukraine, and possibly a new cold war.  While coal-producing oligarchs receive government subsidies there seems little incentive to invest in more efficient, lower-carbon technologies. But green start-ups are offering green shoots of hope. Read more >>> 
BBC

Ukraine approved National Renewable Energy Action Plan (NREAP) and submitted it to Energy Community Secretariat

The NREAP aims to reach the binding 11% renewable energy target in gross final energy consumption by 2020. In addition to the 11% share of energy from renewable sources in electricity. The 2020 targets for the share of energy from renewable sources used for heating and transport have been set to 12,4% and 10% respectively. Read more at http://www.energy-community.org

Ukraine - National Renewable Energy Action Plan  - full text

Ukraine's options towards energy independence

Gas pipelines to EU, shale gas, nuclear power privatization part of Ukraine’s energy independence plan. The key figure to reach is 45 billion cubic meters -- the amount of natural gas that Ukraine is expected to consume this year. Read more >>> 
Kyiv Post

Wind electricity production is growing in Ukraine

Round table "Current state and prospects of wind energy development in Ukraine" organized by the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) jointly with Ukrainian League of Industrialists and Entrepreneurs and Ukrainian Wind Energy Association. Wind energy has become an industry that has 500 MW installed capacity, as of October 1, 2014. The dynamics of its development is one of the best among the European countries. Read more >>>
SAEE

Should EU become a major stakeholder or lessee of Naftogaz, Ukraine’s state-owned energy company?

Naftogaz is responsible for importing and distributing Russian gas in Ukraine. The company also holds a monopoly on sending Russian gas via Ukraine to Europe. During the first six months of 2014 alone company ran up debts of over $4.4 billion, according to Naftogaz itself. However, under clean and transparent management, Naftogaz could become a highly competitive company. Read more >>>
Carnegie Europe

IPCC just published CLIMATE CHANGE 2014 SYNTHESIS REPORT

The United Nations Intergovernmental Panel on Climate Change (IPCC) has released its synthesis report, a summary of its last three reports. It warns greenhouse gas levels are at their highest they have been in 800,000 years, with recent increases mostly due to the burning of fossil fuels. Read more >>>  

IPCC

VII International Trade Fair «ENERGY EFFICIENCY. RENEWABLE ENERGY - 2014»

The event will take place in Kyiv on November 4-7, 2014  in Kyiv. Renewable energy, alternative types of fuel, energy efficiency in power sector, industry, buildings and communal services are  among main topics of the trade fair. Read more >>>
www.iec-expo.com.ua/en/

Coal Miners Stuck in the Middle of Ukraine's War

About 55 percent of all the country's coal mines are located in a relatively small area controlled by the pro-Russian rebels who declared independence in May. The front line between the warring parties separates the mineral wealth of the Donetsk region from Ukraine's energy plants and grids, endangering both the region's future and Ukraine's entire energy security. As of mid-October, only 24 out of the 93 coal mines in the region were operational. Cut off from electricity for weeks, many mines got flooded. Read more >>>
ABC News