Articles
21 April 2021
Earth Day summit a step towards restoring US climate credibility
Gathering is an important opportunity to signal US commitment and resolve to sceptical leaders
21 April 2021
US must clarify renewable transport fuel support
Policy mechanisms at federal level must catch up with those at state level to be effective, says industry
21 April 2021
EU looks to strengthen Emissions Trading System
Scheme will undergo further reforms this summer as part of increased EU ambition to reach net zero by 2050
20 April 2021
Equinor puts transition plan to shareholders
Firm aims to make global operations carbon-neutral by 2030
20 April 2021
Global emissions to rebound in 2021 – IEA
Emerging markets are driving energy demand back to 2019 levels, with coal offsetting renewables growth
20 April 2021
US gasoline demand unthreatened by driver assistance
New technologies that provide assistance for drivers have proved slow to penetrate the US market
19 April 2021
Leading futurist sets out vision for the transition
Transition Economist talks to Bank of America’s Haim Israel about how the world can achieve net zero by 2050—and how the associated ‘megatrends’ will shape society and the global economy
19 April 2021
US emissions falls are part of wider trend
Emissions may not bounce back to levels seen before the Covid-19 pandemic
19 April 2021
Banks put financed emissions under greater scrutiny
Carbon accounting initiative grows amid pressure on institutions to report emissions from investment portfolios
16 April 2021
Ecuador’s new president faces growing ESG challenges
International lenders distance themselves from Amazonian oil sector under pressure from climate campaigners
16 April 2021
Northland invests $1bn in Spanish renewables
Canadian company sees Spain as base for European expansion
16 April 2021
US wind PPA prices under pressure
Prices fall in the wake of a tax credit extension but are still up more than 10pc year on year
16 April 2021
CCUS needs better credit rating visibility
Assessments of firm’s ESG performance does not adequately take into account key technology, says panel
15 April 2021
The big choices for oil and gas in navigating the energy transition
As oil and gas companies respond to the current economic discontinuities, they must choose how to compete as the world transitions to a low-carbon future
15 April 2021
Shell submits net-zero plan to shareholders
Decarbonisation targets are linked to the remuneration of Shell employees
15 April 2021
Oil prices to crash in 2°C world – Wood Mackenzie
Mass electrification of the transport sector will lead to dramatically falling levels of oil demand
15 April 2021
Saudi Arabia celebrates moment in the sun
Belated progress on a plethora of renewables schemes signals newfound political will behind clean energy development
15 April 2021
Oil and gas firms look to big data to meet carbon challenge
Sharing data will help firms integrate solar, wind and gas offerings
14 April 2021
Lithium miners explore all options as battery demand pulls away
Recycling may offer a third way as global lithium industry struggles to ramp up supply to feed growth of electric vehicles
14 April 2021
Europe wind investment surges 70pc
Calls to ease bottlenecks as capacity growth lags EU climate goals
14 April 2021
African countries must benefit from transition
Renewables expertise must be improved on continent for economies to gain, says panel
13 April 2021
US energy storage could get tax credits
Industry hopes Biden administration will put in place a standalone tax credit for grid storage
13 April 2021
Hope for negotiated US infrastructure deal
Ruling by parliamentarian means Biden plan could be passed by a reconciliation bill if needed
9 April 2021
US gears up for ‘big transmission’
Good technology and better policies are set to bring clean power from America’s remote regions to city centres
8 April 2021
DNV establishes guidelines for CCUS pipelines
Standards will help with the construction of new infrastructure and repurposing of old pipelines
8 April 2021
Riyadh moves for regional green leadership
Elements of Saudi Arabia’s domestic strategy and sudden assertion of leadership stretch credibility, but its plans are indicative of a reluctant embrace of global trends
8 April 2021
UK carbon intensity drops to new low
Sunny and windy conditions combined with low demand over Easter reduced the need for fossil fuels in the energy mix
7 April 2021
US carbon price still some way off
Political reality means moves towards establishing a carbon price or a cap-and-trade system will at least have to wait until after mid-term elections
7 April 2021
Mozambique coal exits could do more harm than good
Vale has committed to becoming carbon neutral by 2050—but selling its coal assets to a smaller operator could end up adding to environmental damage
7 April 2021
Occidental to utilise carbon dioxide in bioethylene plant
US oil and gas firm to expand partnership with Cemvita Factory to commercialise process
6 April 2021
Concerns grow ahead of UK carbon market launch
The UK is set to start its equivalent of the EU ETS on 19 May, but it may take some time for market participants to adjust
6 April 2021
US embarks on a new kind of industrial policy
Washington reinvents strategy with focus on microchip production and charging stations, rather than traditional ‘roads and bridges’
6 April 2021
Leading asset managers join forces to raise bar on net-zero
Net Zero Asset Managers Initiative signatories doubled in March to use £16.56tn combined AuM to tackle climate change
1 April 2021
Saudi-German team takes aim at green cracking
Petrochems titans are working together to electrify a carbon-intensive core process
1 April 2021
EU ETS emissions fall 12.6pc in 2020—official data
Record fall in verified emissions of participating installations was largely in line with expectations
1 April 2021
Everyone has a role to play in achieving net zero
Contributions will be required from many sources—from people taking individual responsibility to the creation of economy-wide partnerships—if we are to achieve a sub-2°C outcome
31 March 2021
Aggregation holds key for UKCS offshore electrification
Midstream firm says demand needs to be pooled to justify investment
31 March 2021
Cop26 head calls for ‘immediate action’ on international collaboration
Alok Sharma says not enough is being done and world is on track to 3°C ‘apocalyptic future’
31 March 2021
Decarbonising LNG: the heat is on
When the largest buyer in the largest consuming country commits to net-zero emissions by 2050, suppliers must start to respond. And they are
31 March 2021
Rethinking the levelised cost of energy
The market appears to be factoring in the decline of capacity factors for conventional energy assets
30 March 2021
Shipping faces tough decarbonisation choices
Supply chains will be critical as the maritime sector looks for alternative fuels
30 March 2021
Poland and Bosnia-Herzegovina ramp up renewables
Eastern European countries are racing to build capacity to wean themselves off coal and hydropower respectively
30 March 2021
Industry must lead way on UK jobs transition
Firms are better placed than the government to know what skills will be needed in a low-carbon economy, says UK Onward
29 March 2021
Investors take harder line on scope three
ESG asset managers have focused mostly on scope one and two greenhouse emissions but are increasingly scrutinising companies on the more challenging scope three data
29 March 2021
Biden seeks to address weak infrastructure track record
US faces deep investment hole built over decades, and a lack of skill to address it
29 March 2021
UAE’s Taqa embraces transition with portfolio shake-up
The Emirati utility has committed to a transition strategy that will reduce its reliance on oil and gas for power generation
26 March 2021
Startup aims to bring transparency to carbon offsets
Viridios has developed artificial intelligence to enhance price discovery and help match companies with offsets that have suitable characteristics
26 March 2021
UK to support North Sea oil and gas transition
State and industry to co-invest up to £16bn in developing hydrogen, CCUS and offshore electrification
26 March 2021
Oil firms insist fossil fuels have a role in the transition
Pivot from oil to gas and development of CCS will form initial part of firms’ decarbonisation strategies
26 March 2021
Siemens Energy turns strategy into reality
Head of industrial applications business writes about the transformational journey the pure-play energy company has been on since it became independent last year
25 March 2021
Banks call for global rules on climate risk
Common standards would help banks to factor climate risk into assessments and finance decarbonisation
25 March 2021
Investors unimpressed by carbon offsets
Asset managers and institutional investors are looking past largely unregulated means of reducing emissions to companies implementing science-based targets
25 March 2021
Canada’s massive hydro potential to remain elusive
Despite its southern neighbour seeking new sources of low-carbon power, further expansion of Canadian hydropower is unlikely to be competitive
24 March 2021
Algeria has ‘excellent chance’ to capitalise on transition
Massive solar potential and rapid PV rollout plan puts north African country in prime position for international clean energy deals
23 March 2021
Climate change impacting insurability of renewables
Transition Economist talks to Andrew Slevin, CEO of John Foord, about the challenge of insuring renewable energy assets amid extreme weather
23 March 2021
EV supply chains: The new great game
Volkswagen’s aggressive battery plans signal new worries for automakers in the EV era
23 March 2021
Investment opportunities abound in renewables infrastructure
Pension funds are seeking to invest more in clean energy infrastructure, and governments are keen to redress underinvestment
22 March 2021
Overseas oil and gas financing bans may herald sector crisis in emerging markets
Western governments are following the UK’s lead in ending ECA finance for fossil fuels overseas, leaving China as the main source of capital
22 March 2021
You will never guess who just declared peak gasoline…
The IEA has called the top of global demand, although it predicts demand for oil will continue to rise
19 March 2021
New Zealand’s revamped carbon market starts trading
Enhanced system covers half of the country’s emissions to support its climate ambitions
19 March 2021
Oil and gas services firms pivot to renewables
Companies respond to safeguard their businesses following the outperformance of renewables during the pandemic
18 March 2021
Transition pioneer leads by example
Baker Hughes was one of the first companies with substantial exposure to oil and gas to get serious about tackling its carbon footprint. Allyson Anderson Book speaks to Transition Economist about the progress made so far and the challenges that lie in its future
18 March 2021
Irena’s pathway to Paris a Herculean task
Renewables agency has produced preliminary figures for the scale of investment required to hit 1.5°C Paris target
18 March 2021
Task force faces huge task to legitimise VCM
Private sector faces tough goal of bringing together stakeholders to give structure to the voluntary carbon market
17 March 2021
Carbon capture to play key role in Mol strategy
The Hungarian oil and gas firm aims to build a business on the back of not only its own carbon emissions, but also those of third parties
17 March 2021
UK splits £171mn across nine CCS and hydrogen projects
UKRI competition is latest stage of mission to create first net-zero industrial cluster by 2040
17 March 2021
Future looks bright for US solar
Solar PV again made the greatest contribution to new capacity last year, and the probable extension of policy incentives will help the sector thrive
17 March 2021
WEC calls to ‘humanise’ global energy system
World Energy Council report finds that energy leaders’ perceptions of risk and strategic priorities have changed
16 March 2021
Speculators discover EU ETS—and like what they see
Brushing aside debatable ethical considerations, traders have been pushing the world’s largest carbon market to record highs
16 March 2021
China turns to nuclear for 2030 pledge
Reliance on coal will use up the national carbon budget, so nuclear will be needed to start reducing overall emissions
16 March 2021
Chevron puts Permian at heart of its net-zero strategy
Robust FCF and driving down emissions in the shale patch are central planks in the US major’s journey towards low-carbon energy
15 March 2021
US offshore wind reaps tech boost after delay
‘Designing with uncertainty’ concept has worked out to the advantage of east coast projects
15 March 2021
Investors turn to sustainability-linked bonds
Institutional investors are looking beyond green bonds due to concerns about greenwashing
12 March 2021
US and Canada plot road to carbon border adjustments
The imposition of carbon tariffs is legitimate for tackling environmental concerns but risks initiating a slippery slope towards global trade protectionism, experts warn
12 March 2021
North Sea transition set to boost growth and jobs
Jobs in hydrogen, wind and CCS can offset decline in oil and gas sector
12 March 2021
EU border carbon tariff set for long battle
Industry is pushing for carbon tax on imports while enjoying free allocations
11 March 2021
UAE embraces waste-to-energy
Aspirations to mitigate the federation’s throwaway culture are belatedly being turned into reality
11 March 2021
UK investors welcome new infrastructure bank
The chancellor’s plan to create a new British infrastructure bank has been warmly welcomed—but how will this influence the UK's energy transition journey?
11 March 2021
Rebrand accelerates Channoil Energy into net-zero era
New name reflects a sharpened commitment to the energy transition—and the simultaneous launch of net-zero division takes things a step further. Net-Zero-Solution lead Vincent Couffon talks to Transition Economist as the consultancy embarks on its new strategy
10 March 2021
Nuclear growth is set for further decay
The speed at which solar and wind projects can be completed means they will soon exceed nuclear plants in the global power mix
10 March 2021
China’s Five-Year Plan and ETS to see CO2 rising till 2030
Concentration on reducing carbon intensity means total emissions are likely to continue to increase
9 March 2021
Blockchain holds the answer to transition challenges
Shell’s blockchain lead Sabine Brink speaks to Transition Economist about how distributed ledger technologies can facilitate the energy transition
9 March 2021
Chinese five-year plan to see expansion of EVs
Plan will focus on uptake beyond the largest and wealthiest cities, so consumption of petrol and diesel may peak mid-decade
9 March 2021
Climeworks and Northern Lights explore direct air capture project
Companies have agreed to investigate building full-chain CO2 removal and storage in Norway
8 March 2021
Engie biogas breakthrough set for commercialisation
Solid recovered fuel, which would otherwise end up in landfill, will be converted into biogas and industrial heat from 2026
8 March 2021
The great run of US natural gas faces storage challenge
Further growth in the consumption of natural gas will need to overcome the trend for renewables paired with power grid storage
5 March 2021
Design of carbon markets is critical to success—CeraWeek
While a global carbon price would be ideal, political reality means a regional and sectoral approach will be needed to make short- to medium-term progress
5 March 2021
India makes progress on gas transition
Falling gas prices could help India to reduce its reliance on coal, while it gradually roll outs 450GW of renewables by 2030
5 March 2021
Policy measures key to US net-zero goal—CeraWeek
The new administration has set lofty low-carbon ambitions but must take radical action to overhaul the nation’s energy mix
4 March 2021
Wintershall Dea sets tough decarbonisation targets
The gas-focused German producer has challenging ambitions on both CO2 and CH4
4 March 2021
Acore: World is moving to the ‘serious stage’ of fighting emissions
CEO Gregory Wetstone talks to Transition Economist
4 March 2021
Mark Carney: Offset market is not functioning—CeraWeek
Former BoE governor says ‘tiny’ offset market could play more influential role
3 March 2021
Climate variation fuelling developing nation security risks
In a range of security and humanitarian contexts, changes to local conditions are multiplying risks and producing contagion effects
3 March 2021
US wind and solar return to rapid growth
After a period of relative stagnation, wind and solar generation are set to continue their recent renaissance
3 March 2021
Pressure mounts on US and China to present climate plans
NGOs and business groups unite on need for action from the world’s two biggest economies ahead of Cop26 in Glasgow
2 March 2021
Multiple business models key to CCS by 2030–CeraWeek
The emergence of diverse sequestration technologies, supported by incentives such as the US 45Q tax credits, will be essential to widespread adoption
2 March 2021
Green light for road pricing could put brakes on US fuel demand
Washington may finally tip petrol demand into decline if it starts to back state-led policies
2 March 2021
BP and AWS tie-up shows value in transition partnerships–CeraWeek
BP supplies Amazon Web Services with renewable energy, with cloud services provided in the other direction
1 March 2021
UN carbon market stuck in legal limbo
Following the postponement of Cop26, offset developers and investors must wait many months for uncertainty to be resolved
1 March 2021
Supersize offshore wind buildout stymied by lack of vessels
Ships suitable for transporting the new generation of huge wind turbines are in short supply, but oil & gas EPC contractors are being attracted to the market
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