15 April 2024
Voluntary carbon market defies the odds
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Carbon markets alone will not deliver CCS at scale
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron invests in carbon capture tech firm
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology
4 April 2024
Stanlow offers blueprint for low-carbon refining
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval
2 April 2024
Letter on carbon: SLB’s early-stage tech play
US firm’s deal with Aker Carbon Capture could be catalyst for growth in a sector hampered by high costs
28 March 2024
SLB buys majority of Aker Carbon Capture for $380m
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
UK poised for surge in CCS investment
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
US offers record $6b funding to hard-to-abate sectors
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Letter from London: Trading the transition
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity
15 March 2024
Shell eyes 75% capacity boost at Quest CCS
Oil major explores potential expansion of Canadian project as investment in CCS gathers pace
11 March 2024
China keeps a tight rein on voluntary credits
Government keen to avoid oversupply issues that dogged previous iteration of voluntary carbon market
8 March 2024
Indonesia’s carbon market off to sluggish start
Incoming government faces decarbonisation challenges as lack of robust standards constrain industry uptake of new voluntary carbon market
5 March 2024
Letter on carbon: Can carbon markets deliver?
Offset integrity issues and low prices are undermining markets’ potential to drive low-carbon investment
4 March 2024
EU ETS prices fall sharply
Allowance prices in EU’s emissions cap-and-trade scheme drop by a third as lower power prices hit demand
1 March 2024
Letter from the UK: A positive legacy for OPEC?
Oil producer group could spearhead the shift to cleaner energy in member countries and be part of transition solution
29 February 2024
Letter from London: Just do the transition
Deployment of clean energy technology is gathering pace, but the transition is way behind where it needs to be
27 February 2024
Germany throws its weight behind CCS
Government proposes support for deployment in hard-to-abate sectors and commits to ratify key London Protocol amendment under long-awaited carbon management strategy
26 February 2024
EU agrees on new carbon removals laws
Operators will be liable for leaks back into the atmosphere under rules designed to give clarity to industry
22 February 2024
German energy firms power up UK CCS push
Uniper and RWE advance multiple projects to deploy CCS at new and existing gas-fired power plants
20 February 2024
EU carbon taxes driving away investment – INEOS CEO
Carbon costs imposed by EU on chemicals sector are unsustainable, INEOS CEO and founder Jim Ratcliffe warns commission president
20 February 2024
Indonesia eyes carbon imports from Singapore
Countries work together on cross-border projects as Indonesia positions itself as Asian storage hub
19 February 2024
Heidelberg advances Alberta CCUS project
Cement producer awards FEED contract for large-scale project but stresses need to finalise federal and provincial funding
13 February 2024
US warns against Asian coal power expansions
Plans to add 500GW of coal-fired capacity could undo progress on emissions in US and Europe, climate envoy John Kerry tells IEA forum
12 February 2024
US backs CCS tech projects with $304m
Government selects four large-scale projects spanning power, refining and paper sectors to receive funding to pilot transformational technologies
7 February 2024
DAC takes centre stage in EU carbon strategy
Carbon removal technology instrumental in meeting 2040 and 2050 emissions targets, European Commission says
6 February 2024
Japanese firms explore carbon exports to Australia
Mitsui OSK Lines and JX Nippon Oil eye shipments to South Australia as cross-border emissions trade routes in Asia-Pacific open up
6 February 2024
UK’s first cement sector CCS project advances
Germany-based Heidelberg Materials awards FEED contracts for £400m project at its Padeswood plant in Wales
30 January 2024
Broker launches insurance against carbon leakage
London-based Howden says new product can boost bankability of CCS projects by addressing key risk
29 January 2024
China reboots voluntary offset market
Relaunch comes seven years after market was closed to new entrants because of low volumes and lack of standards
19 January 2024
Letter on carbon: Backing Beccs
Drax Power has secured planning permission to start developing one of the world’s largest commercial projects, but how robust is the argument for deploying Beccs at scale?
17 January 2024
Johnson Matthey sees clean fuel tech ‘hypergrowth’
Demand for technology and components deployed in the SAF and blue hydrogen sectors is booming, UK-based company tells Carbon Economist
16 January 2024
CCUS: Five things to watch in 2024
Investment in CCUS will accelerate this year as developers weigh short-term cost pressures and regulatory risk against the technology’s long-term potential
11 January 2024
Adnoc buys into UK CCS developer Storegga
Emirati energy company takes 10.1% stake in first international investment in carbon management sector
9 January 2024
Outlook 2024: Focused financing – Will it unlock capital for the transition?
In a transformative shift, the consumer’s role in meeting net-zero challenges and reducing reliance on fossil fuels is crucial
9 January 2024
Oil and gas now has green licence
The hydrocarbons industry must start to deliver in 2024 on the quiet approvals granted at last year’s COP, which was also dubbed ‘Conference of the Petrostates’
8 January 2024
Brazil sets sights on regulated carbon market
Authorities eye design of EU ETS as they seek legislation to help fast-track decline in emissions through a cap-and-trade market
5 January 2024
20 December 2023
Outlook 2024: Geothermal energy sector set for growth
Geothermal energy provides reliable baseload power and heat supply
15 December 2023
Multiple challenges hinder China CCUS expansion
Greater collaboration with international developers could spur sector’s growth as it grapples with high costs and lack of effective business models, report says
15 December 2023
Outlook 2024: Quality concerns and geopolitics to dominate carbon markets
Carbon pricing is inevitable, but the mechanism is still to be determined
12 December 2023
Transition finance advances at COP28
Announcements made during climate talks signal progress on several fronts when it comes to unlocking finance to support the energy transition
12 December 2023
8 December 2023
ExxonMobil charts own course on transition
The US oil major is leveraging its skillset to develop a low-carbon portfolio spanning CCS and blue hydrogen to lithium for EV batteries
7 December 2023
Outlook 2024: CCS projects outlook in 2024
An ambitious pipeline of CCS projects through 2030 shows optimism for the sector
6 December 2023
COP28 brings progress on Article 6
Talks focus on two key provisions to Paris Agreement rules allowing international trade in emission reductions
4 December 2023
Adnoc’s global energy leadership
Oil and gas companies look to defy cynics and play pivotal role in decarbonisation as the UAE hosts COP28
4 December 2023
Letter on carbon: Talk of the town
CCUS is under the spotlight at COP28 in Dubai as policymakers increasingly look to tap its potential to tackle hard-to-abate emissions
30 November 2023
Outlook 2024: Negative energy pricing strategies to capitalise on flexibility assets
Negative pricing has become more frequent in European energy markets, and GB markets are now experiencing a similar increase
29 November 2023
China signals ETS expansion
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
28 November 2023
EU sets sights on pan-European CCS network
European Commission earmarks cross-border projects for funding and fast-tracks carbon management strategy as pressure grows to kickstart CCS sector
27 November 2023
Outlook 2024: The need for ambition and more action on the energy transition in tougher times
Progress in decarbonisation but significant challenges lie ahead
27 November 2023
Yara and Northern Lights in major cross-border carbon deal
Shipment of CO₂ from Dutch ammonia plant to Norwegian storage site will require bilateral agreement at government level
21 November 2023
Adnoc and Santos collaborate on Asia-Pacific CCS
Strategic alliance includes potential development of CO₂ shipping and transportation infrastructure network in the region
21 November 2023
Align the VCM with internal carbon pricing
Companies can boost confidence in the voluntary market by using their internal carbon prices as reference points against which to measure the implied climate contribution of their purchased offsets
15 November 2023
US government backs BP’s Whiting storage project
DOE offers $98m to CO₂ storage project centred on oil major’s largest refinery
14 November 2023
Wintershall buys into Poseidon CCS project
German independent expands UK CCS portfolio with purchase of 10% stake in Southern North Sea project from Carbon Catalyst
8 November 2023
BlackRock backs DAC with $550m Stratos deal
World’s largest fund manager forms joint venture with Occidental to drive forward Texas project
3 November 2023
CCUS: From scepticism to solutions
Technology-neutrality, collaboration and lessons from existing projects will help the industry achieve the large-scale growth the world needs
31 October 2023
Letter on carbon: Betting on Berlin
Europe’s CCUS sector needs the German government to deliver on its promise of an ambitious carbon management strategy
27 October 2023
VCMs’ other fragmentation problem
The growing number of individual national carbon exchanges threatens to fragment much needed liquidity
26 October 2023
China set to relaunch voluntary carbon market
Government publishes new methodologies and regulation for offsets programme that was shelved in 2017
25 October 2023
Eni claims CCS regulation breakthrough with UK deal
Head of terms agreement for HyNet North West cluster paves way for world’s first asset-based regulated CCS business
18 October 2023
North Sea Porthos carbon storage project hits FID
Netherlands’ first major storage project sees costs more than double after two-year delay
12 October 2023
EU ETS prices will rise with 90% 2040 GHG target
Incoming EU climate commissioner Wopke Hoekstra has defended the target, which has bullish implications for EU ETS prices
10 October 2023
Corporate heavyweights back Japan’s CCS push
Inpex and Mitsubishi Heavy Industries among participants in seven large-scale projects as government sets ambitious expansion targets
4 October 2023
German researchers ready to scale new DAC system
Successful trials prove reliability of system using waste heat to reduce power consumption, says Centre for Solar Energy and Hydrogen Research Baden-Wuerttemberg
4 October 2023
1Pointfive and Adnoc study large-scale DAC
Companies jointly fund preliminary engineering study of first megaton-scale DAC facility outside US
3 October 2023
Letter on carbon: Reality check
The IEA has tempered recent optimism over CCUS with a downbeat assessment of the technology’s role in achieving net zero
27 September 2023
UAE gets behind carbon markets
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
26 September 2023
Taiwan joins Asian carbon trading push
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
22 September 2023
Letter on carbon: Direct action
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
21 September 2023
SLB on mission to halve cost of carbon capture
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
20 September 2023
Carbon markets primed for key role in net-zero push
Curbing emissions globally by using international carbon market mechanisms reduces the cost of mitigation, Andrea Bonzanni, international policy director at the IETA, tells Carbon Economist
19 September 2023
UAE energy sector decarbonisation drive intensifies
Mideast Gulf state keen to highlight progress made on expanding carbon sequestration capacity and diversifying e-fuels production ahead of COP28
15 September 2023
EU’s CBAM transition phase will provide valuable insight
Training for regional customs authorities and detailed analysis of reporting accuracy will ensure effectiveness of final scheme
15 September 2023
UK licence awards set stage for CO₂ storage push
Shell, Eni and independent operator Enquest dominate list of new licences as UK ramps up offshore storage push
13 September 2023
Amazon backs Texas DAC project with ten-year offtake
Online retailer prebooks credits to be generated by 1PointFive’s Stratos project in Ector County
6 September 2023
Adnoc takes FID on Habshan CCUS project
Project is one of MENA region’s largest and will triple Emirati firm’s CO₂ storage capacity
4 September 2023
How oil and gas companies can navigate the energy transition
Carbon Economist talks to Quorum’s Alexandra Gajewski about ESG strategies
29 August 2023
US eyes funding to scale up CO₂ transport system
Buildout of infrastructure over next decade needed to keep pace with rapid growth of country’s CCS sector
23 August 2023
Aramco’s Nasser says energy security and sustainability can co-exist
But CEO says prematurely discontinuing investments in fossil fuels threatens serious supply shortfalls and may be counterproductive to energy transition
23 August 2023
Green steel at scale 'decades away' – BHP
High cost of hydrogen and CCS will hamper uptake by the steel sector, Australian mining group says
22 August 2023
Porthos counts costs of construction delays
Netherlands’ flagship CCS project targets 2026 start up after legal challenge derails original construction timetable
16 August 2023
Occidental to buy DAC specialist Carbon Engineering for $1.1b
US oil company agrees to acquire Canadian developer in move to accelerate cost reductions and deployment of direct air capture technology
16 August 2023
Wintershall breaks into UK CCS market
German independent oil and gas firm secures licence to develop storage in Camelot area of North Sea in breakthrough for its growing carbon management business
15 August 2023
Denmark pauses North Sea storage tender
Second-round tender put on hold amid uncertainty over Danish state’s shareholding in future licences
11 August 2023
US selects DAC projects for $1.2b funding
Climeworks and Occidental subsidiary 1PointFive among developers set for talks with US Department of Energy over first tranche of funding for large-scale projects
10 August 2023
UK CCS strategy moves forward
But concerns over storage and the government’s long-term plans still need to be ad-dressed, say industry bodies
9 August 2023
Eni and Stanlow study CO₂ import potential
Open access terminal in northwest England would receive CO₂ shipped in from multiple locations
8 August 2023
Olympus deal is key first for RSG market
Long-term deal signed by Olympus Energy marks breakthrough for emerging market for responsibly sourced gas
3 August 2023
Wood secures new global agreement with Shell
Scotland-based consulting and engineering firm to support oil major’s global energy transition projects under new three-year deal
2 August 2023
California LCFS market braced for stricter targets
Low Carbon Fuel Standard credit prices bottoming out despite continued surge in renewable diesel supply
2 August 2023
ADNOC and Occidental collaborate on CCS and DAC
Strategic agreement includes evaluation of first megaton direct air capture project outside US
26 July 2023
Mubadala Energy steps up CCUS push with Pertamina tie-up
Abu Dhabi-based company drives forward gas decarbonisation strategy with deal to explore CCUS applications in Indonesia
25 July 2023
Cenovus sees major role in reducing emissions
Canadian firm and its oil sands peers are targeting net zero by 2050 and are perfectly positioned to address the challenges of the low-carbon transition, says CEO Jon McKenzie
24 July 2023
Engineering the world’s largest post-combustion CCS plant
As part of the UK’s Humber Zero initiative, CCS plants will be retrofitted to a combined-cycle natural gas power plant adjacent to the Humber oil refinery
21 July 2023
ExxonMobil boosts CCS portfolio with $4.9b Denbury deal
Acquisition of Texas-based independent gives oil major largest US CO₂ pipeline network and ten onshore storage sites
18 July 2023
Shell and ConocoPhillips back hybrid DAC technology
Oil companies invest in Los Angeles-based Avnos to help commercialise novel technology by end of 2025
18 July 2023
Buckeye buys Elysian Carbon Management
Houston-based midstream oil company signals commitment to transition with purchase of CCS developer
13 July 2023
Aramco explores use of modular CCUS
Saudi company signs MOU with Norwegian technology supplier Aker Carbon Capture to assess potential for deployment across range of industries
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