Statistics from the Ethiopian Ministry of Mines and Energy (MoME) indicate that the country spends about Ethiopian Birr 10 billion (US$800 million) annually to import petroleum products for domestic consumption. The figure, according to the MoME represents more than 90 percent of Ethiopia’s earnings from foreign trade each year. Were the country to tap some of its renewable energy potential, the energy independence it would achieve as a result, would be a boon to the economy.

This will be enabled by an agreement, which was signed Monday in Skopje by the governments of Macedonia and Germany, envisaging financial assistance for the second stage of the energy efficiency program and a loan contract signed by the Macedonian government, ELEM company and KfW bank for realisation of the project rehabilitating six hydro power plants.

As the United Nations Climate Change Conference in Cancun, Mexico wraps up its final day, discussions continue over some crucial issues such as the need to simultaneously reduce global greenhouse gas emissions and provide the world with more energy. While no one expects major progress towards a comprehensive binding treaty, Mexican officials say they do see progress in some areas and that the conference is providing an opportunity for many governments and environmental organizations to share ideas and forge agreements of their own.

Tax credits for ethanol and other biofuels were among issues under debate for a sweeping tax bill, Democratic senators said on Tuesday, with ethanol subsidies due to expire in three weeks. "There are provisions not yet included which I think are important" said Max Baucus, chairman of the Senate's tax-writing committee. Asked about a possible 36-cent a gallon tax credit for ethanol, Baucus said, "I don't know yet."

The UK Government today publishes its Energy Bill, which lays out the details of how the proposed Green Deal will work to make energy efficiency available to all. The bill confirms that businesses as well as homes will be able to participate in the Green Deal, when it starts in 2012.

Bộ trưởng bộ năng lượng Anh, ông Chris Huhne cũng thông báo một số quy định được đưa ra để bảo vệ những người tiêu dùng tham gia chương trình Green Deal khỏi những nhà buôn lừa đảo. Các biện pháp bảo vệ này đảm bảo khách hàng sẽ nhận được những lời khuyên chính xác để nâng cao hiệu suất sử dụng năng lượng.

To serve the needs of development, production, trade and consumption, in the next 5 years, Hanoi will have to invest about VND 19,500 billion to upgrade and renovate the grid system. That is the content of the scheme “Electricity development planning of Hanoi in 2011 – 2015 period, regarding 2020" which has recently been approved by the City People’s Council.

Some developed countries such as Japan consume only 350-400kWh of electricity to make every tonne of steel billets whereas Vietnam consumes as much as 700kWh of electricity to do that. So if it does not take actions to reduce energy consumption in order to lower the production cost, the Vietnamese steel sector can hardly withstand market competition.

An act as simple as replacing a light bulb could lead to billions of dollars in electricity savings, a new assessment by the United Nations Environment Programme shows. It studied the advantage of switching from obsolete incandescent lamp technology to compact fluorescent lamps or C.F.L.’s.

A day after Energy Secretary Steven Chu's "Sputnik speech," in which he warned that China was investing billions in renewable energy while American politicians bickered over small-potatoes stimulus spending on green technology, a report from Ernst & Young released Tuesday confirmed Asia's ascendancy.

Adding 265 gigawatts of wind-sourced electricity into the European grids by 2020 is expected to save 41.7 billion euros in electricity costs annually. Market trends and limited infrastructure stand in the way of wind power growth in Europe, stopping the inflow of billions of euros in power savings, according to a new report by the European Wind Energy Association.

The Asian Development Bank (ADB) said a fund it established to develop large capacity solar projects will increase the renewable energy resource to 3GW by mid-2013 in the Asia and Pacific region. Haruhiko Kuroda, president of ADB, said governments in Asia and the Pacific should invest in solar energy to help ensure their growth is environmentally sustainable.

The future, according to MiaSolé, a Californian start-up, is unrolling at one centimetre a second in a bland-looking building in Silicon Valley. Despite the location, and the fact that most other solar cells are made from silicon, MiaSolé’s cells are not. Ribbons of steel a metre wide and half a hair’s width thick spool through vacuum chambers in which they are sputtered with copper, indium, gallium and selenium—collectively known as CIGS. Out of the end comes a new type of solar cell which promises to be both efficient and cheap.

While in general terms wind energy does not represent a threat to wildlife, poorly sited or designed wind farms can have a negative impact on vulnerable species and habitats That's why the European Commission has published today guidelines for wind energy development in protected natural areas. The guidelines apply to the Natura 2000 network, a cornerstone of EU biodiversity policy and a key tool to achieve the EU target of halting and reversing biodiversity loss by 2020.

On the second day of his two-day state visit to Malaysia, President Lee Myung-bak held a one-on-one meeting with his Malaysian counterpart Najib Razak, on Friday. During the summit the two leaders reviewed and reflected on the 50 years of diplomatic ties and discussed measures to promote cooperation in a wide range of sectors including green technology, nuclear power generation and the joint exploration of markets in third countries.

Tập đoàn lọc hóa dầu lớn nhất châu Á China Petrochemical Corp. (Sinopec) của Trung Quốc vừa nhất trí mua lại chi nhánh dầu khí tại Argentina của đối tác Mỹ Occidental Petroleum, với giá 2,45 tỷ USD. Thương vụ này là bằng chứng mới nhất cho thấy “cơn khát” những tài sản trong lĩnh vực năng lượng của nền kinh tế tăng trưởng mạnh nhất thế giới còn chưa được giải tỏa.

On November 19th, the Ministry of Industry and Trade, with the assistance of German Government through the Organization of German Technical Cooperation (GTZ) and the German Energy Agency, put into use the grid connected solar system on the rooftop of the headquarters. The system will save approximately VND 12 million per year for electricity. Using electricity from renewable energy sources is considered the radical solution for the increasing energy demand in Vietnam.

Reducing energy consumption through more efficient buildings, power plants and vehicles is still the most cost-effective way to reduce greenhouse gas emissions, but projects are often hampered by unclear policies from governments, said speakers at a business forum on the sidelines of the U.N. climate conference.

Turkish Energy Minister, Taner Yildiz, welcomed the recent progress in Turkey’s first nuclear power plant project that will be built by Russia and underscored Ankara’s determination to develop nuclear energy through foreign partnerships. Yildiz told reporters that Russian President, Dmitry Medvedev, signed the inter-governmental agreement, which was recently ratified by both houses of the Russian parliament.

Head of government's environmental transport policy urges businesses to enrol employees on subsidised eco-driving courses The head of environmental transport policy at the Department for Transport (DfT) has criticised the apparent lack of corporate interest in a government-backed scheme encouraging people to drive in an environmentally friendly manner.