24 May 2022
Riyadh hedges its bets with EV ambitions
The Saudi government is leaving little to chance in plans to create an EV-manufacturing cluster on the Red Sea coast
23 May 2022
Surging battery mineral prices threaten EV growth
EV sales growth remains robust in 2022, but rising mineral prices and supply chain dislocations present near-term challenges, says IEA
23 May 2022
Siemens Energy offers €4bn for SGRE takeover
The German technology firm plans to take struggling wind turbine manufacturer Siemens Gamesa into full ownership
20 May 2022
EDF revises Hinkley Point C cost by £3bn
The first UK nuclear project under construction in decades also sees its startup date slip to 2027
20 May 2022
Chemicals and capital markets – growing sustainably
Firms with a low-carbon product portfolio are being rewarded by capital markets and safeguarding future cashflows, according to consultancy McKinsey’s chemicals practice
18 May 2022
EU pushes for 45pc renewables by 2030
European Commission seeks faster deployment of renewables as part of new €210bn plan to cut dependence on Russian energy imports
18 May 2022
EU climate laws advance
Rules governing how emissions will be cut in line with Paris Agreement goals have passed a key legislative hurdle
17 May 2022
BP and Linde plan Texas CCS project
CCS will enable Linde to produce low-carbon hydrogen and take CO₂ from other emitters along Texas Gulf Coast industrial corridor
17 May 2022
Renewables sector loses confidence in EU support scheme
Rules governing EU Innovation Fund disadvantage renewables sector and must change, industry groups tell European Commission
16 May 2022
Snam backs CCS and hydrogen developer Storegga
Italian gas network company becomes strategic shareholder as Storegga secures $63mn in third-round fundraise
16 May 2022
Pragmatism fuels Iran's renewables ambitions
Gas and water shortfalls are propelling Tehran to intensify a quest for investment in non-hydro renewable power
13 May 2022
BP and Equinor granted UK carbon storage licences
East Coast Cluster reaches milestone as licences granted for four more sites in Southern North Sea
13 May 2022
The big carbon short
Commodity traders will help solve a forthcoming large carbon short in the voluntary offset market
13 May 2022
UK opens £120mn nuclear fund
Fund aims to kickstart projects and attract private investment
12 May 2022
Norway ramps up offshore wind targets
Country’s green power exports to rise as government targets 30GW of offshore wind capacity by 2040
11 May 2022
Orsted to trial offshore wind-to-reef initiative in Taiwan
Reefing offshore installations could improve ocean biodiversity but faces regulatory obstacles in the US and Europe
11 May 2022
Renewables growth to stall without new policies – IEA
Global capacity growth is accelerating this year but will lose momentum in 2023 unless governments offer more support, agency says
9 May 2022
Trafigura backs UK lithium refinery project
Refinery can reduce Europe’s reliance on Chinese suppliers of battery-grade lithium chemicals
6 May 2022
Shell calls for policy stability
CEO Ben van Beurden says transition investments are easier to make in a stable policy environment
4 May 2022
Japan’s oil sector steps up interest in CCS
Companies urge government to finalise carbon-capture roadmap and legal frameworks
3 May 2022
EU ‘must not dilute’ low-carbon transport proposal
The European Parliament must not water down Commission proposals on infrastructure for electic vehicle charging and hydrogen refuelling, say industry groups
3 May 2022
BP stands firm on renewable project returns
Oil major slashes list of potential projects as new head of low-carbon business reviews investment cases
29 April 2022
Europe can accelerate offshore wind deployment – Orsted
Existing targets can be exceeded if governments streamline consent process and stop trying to monetise development rights, says Danish energy company
29 April 2022
TotalEnergies says Q1 profits can fund transition
Firm reported profits of $9bn in the first quarter of 2022, up from $6.8bn a year ago due to high oil and gas prices
29 April 2022
China approves three new nuclear plants
China’s nuclear power fleet is expected to overtake the US as the world’s largest by the end of this decade
28 April 2022
US advances offshore wind on both coasts
Boem will open calls for information on a combined 5.1mn acres along the east coast and offshore the state of Oregon
26 April 2022
Net-zero targets ‘inadequate’ to hit Paris goals – McKinsey
Faster shift away from fossil fuels toward efficiency, electrification and new fuels needed to keep 1.5°C pathway in sight, according to consultancy
26 April 2022
Turkey’s renewables success fosters ambition
Offshore wind will be the next frontier as Turkey seeks to maintain the momentum behind its impressive renewables buildout
25 April 2022
TotalEnergies to publish annual climate progress
French company decides to disclose progress against emission reduction targets annually after coming under pressure from investors
25 April 2022
Advantage secures heavyweight CCS backing
New partnership for Canadian producer’s carbon-capture JV aims to drive further expansion
22 April 2022
Oil windfall funds UAE’s global greenery
Burgeoning international renewables investment from Abu Dhabi serves both revenue diversification and foreign policy ends
22 April 2022
Passive investing risks safe haven for fossil fuels
Growth in index-tracking funds over last few years has led to over-investment in fossil fuel sector, says report
21 April 2022
SSE buys Siemens Gamesa renewables portfolio
UK-based company secures foothold in southern Europe with $630mn deal
20 April 2022
Shell says transition plan on track despite Ukraine crisis
Scope one and two emissions down 18pc by end-2021 versus 2016 base year, company says in its latest energy transition progress report
19 April 2022
Equinor lays out transition strategy
Norwegian company says its planned emissions reductions are consistent with a 1.5°C pathway
19 April 2022
Gulf renewables drive stalls
The region’s efforts to build up its clean power capacity have foundered on rising costs and project delays
19 April 2022
ExxonMobil to assess Australian CCS potential
Company is in talks with local industries to assess interest in Gippsland hub
14 April 2022
Climate pledges ‘could limit’ warming to 2°C
Previous research had suggested that pledges have only a 50pc chance of achieving 2°C target
14 April 2022
GE installs first French offshore wind turbine
France’s first commercial offshore wind turbine has been installed at the Saint-Nazaire project
13 April 2022
Ikea unlocks renewable power purchasing for suppliers
Home furnishings giant aims for 100pc renewable energy consumption throughout its value chain
12 April 2022
Clean energy spending rises following Ukraine crisis
Government spending on clean energy rises to over $710bn, but countries with limited fiscal means continue to neglect transition in effort to maintain food and fuel affordability
12 April 2022
Renewables on high alert for cyber risk
Two wind turbine manufacturers have faced cyberattacks this year amid heightened risk for the wider energy sector
11 April 2022
Asian nations must avoid gas infrastructure – Carbon Tracker
Vietnam, South Korea and Japan must invest now in transitioning their power infrastructure away from natural gas to reach net zero by 2050, says think tank
8 April 2022
China’s Longi faces higher power tariffs
World’s largest solar panel manufacturer hit as Yunnan province withdraws preferential tariffs
8 April 2022
CCUS sector seeks clearer policies on storage
Regulatory and financial certainty needed to accelerate investment in long-term storage as carbon capture gains momentum
7 April 2022
UK pledges to streamline offshore wind approvals
Government aims for one-year approval process as it ramps up offshore wind targets as part of energy security strategy
7 April 2022
Climeworks secures $650mn to scale up direct air capture
Swiss startup aims for megaton capacity by 2030
7 April 2022
UK backs nuclear to gain energy independence
Nation raises offshore wind, solar and nuclear targets as it looks to move away from imported fossil fuels
6 April 2022
German government backs massive renewables expansion plan
Cabinet agrees raft of legal amendments designed to double share of renewables in the energy mix by 2030
6 April 2022
War drives ‘small acceleration’ in Europe’s transition
Share of renewables in Europe’s energy mix rises as the continent turns away from Russian gas imports, DNV modelling shows
5 April 2022
Immediate action needed to achieve 1.5°C – IPCC
Limiting warming to around 1.5°C requires global greenhouse gas emissions to peak before 2025 at the latest, but annual figures are still rising
4 April 2022
Transition aid to developing countries must accelerate
Financial pledges need to be substantially larger to have an impact, Indian policy expert says
4 April 2022
EU awards €1.1bn in grants to low-carbon projects
Hybrit hydrogen-based steel and K6 carbon-neutral cement projects among recipients of EU Innovation Fund’s first large-scale awards
1 April 2022
Wind turbine O&M a bright spot for struggling manufacturers
Turbine makers see margins in excess of 20pc from operations and maintenance, but these could dwindle with ageing assets and expansion into multibrand servicing
1 April 2022
Biden to spur domestic critical mineral production
US president invokes the Defense Production Act to expand domestic supply as administration seeks to curb reliance on imports
31 March 2022
Russia crisis will accelerate transition
Short-term increases in fossil fuel use will give way to an accelerated deployment of renewables
30 March 2022
Signs of life in Saudi renewables
Progress on capacity auctions and carbon-free megaprojects signals fresh momentum in Kingdom’s clean power sector
30 March 2022
Canada’s potentially irrelevant energy policy conflict
Infrastructure constraints likely to restrict the country from substantially raising output to replace lost Russian barrels
30 March 2022
EU complains to WTO over UK’s CfD scheme
UK will rigorously contest EU’s claim that scheme’s local content criteria are discriminatory
30 March 2022
SSE rules out fossil fuel divestment in transition
UK energy company will retain unabated gas-fired power plants to support security of supply as it expands renewable portfolio, according to new net-zero transition strategy
29 March 2022
Chinese ETS faces data issues
Data quality and integrity must improve if world’s largest emissions trading system is to be effective in helping China achieve carbon targets, speakers tell event in Shanghai
29 March 2022
Shell to invest up to £25bn in UK energy system
Firm will lay out more details about strategy in coming months as it looks to deploy recent profits to aid the transition
29 March 2022
UK CCS projects at risk amid uncertainty over support
Pipeline of projects has potential to exceed government’s 2035 target, but greater clarity on policy needed to unlock investment, says Carbon Capture and Storage Association
25 March 2022
BP plans $1.3bn expansion of UK EV charging network
Oil major’s announcement coincides with UK government pledge to support tenfold increase in number of charging points by 2030
24 March 2022
IEA given climate mandate
Ministers from 31 member countries give body new guiding principle of supporting decarbonisation efforts
24 March 2022
ETS to remain heart of EU climate policy
Carbon border adjustments could encourage scheme’s influence in other regions, according to panel
23 March 2022
BP partners with Marubeni for Japanese offshore wind push
The major will establish a local offshore wind development team in Tokyo
23 March 2022
UK assesses projects for low-carbon clusters
Government names developments qualifying for evaluation for connection to East Coast, Hynet and reserve Scottish clusters
22 March 2022
Windfall taxes in Europe would hit renewables investment
Ad hoc interventions by governments would create regulatory uncertainty and deter investors, say energy firms
21 March 2022
Shell seeks licences for 17GW of Brazilian offshore wind
Oil major files applications for projects in six states with potential to triple size of portfolio
21 March 2022
Ukib to focus on energy security and net zero – Sunak
The UK treasury-owned bank must balance investments between energy security and long-term decarbonisation, says finance minister
21 March 2022
Ukraine crisis muddies waters for clean shipping
The industry is reviewing the near-term risk of switching to new fuels as LNG prices surge amid Russia’s war in Ukraine, conference speakers warn
18 March 2022
Alfanar confirms $1.3bn UK SAF project
Saudi group to start construction next year on Teesside plant to produce sustainable aviation fuel from household and commercial waste
17 March 2022
EU must drop gas from green taxonomy proposal – MEPs
European Parliament members say inclusion of gas in green finance taxonomy undermines response to invasion of Ukraine
17 March 2022
French offshore wind pact calls for $44bn investment
Government and industry agree to target 18GW of operating capacity by 2035 as new Mediterranean floating project tender goes live
16 March 2022
EV firms embrace vehicle-to-grid charging
Technology can allow vehicles to charge overnight when rates and load are low, then provide electricity back to the grid during peak hours as well as during blackouts
15 March 2022
RWE questions role of gas in transition
German utility is reviewing its fuel options for new generation capacity as the Ukraine war hits energy markets with full force, CEO Markus Krebber says
15 March 2022
Businesses join net-zero pledge
One hundred more firms have signed a pledge to reach net-zero emissions by 2040, but more are needed, says former UN climate chief
11 March 2022
PE Live: Portfolio optimisation – transition pathways to net zero
Oil and gas companies are not short of options in terms of reaching net zero, but their portfolio decisions will determine the success of their transitions
10 March 2022
10 March 2022
World needs $15tn scale-up of emissions removals – ETC
Combination of nature-based solutions and engineered technologies needed alongside decarbonisation to meet global climate goals, thinktank says in report
10 March 2022
South Africa’s cities seize renewables initiative
Municipalities are resorting to direct procurement as the government fails to narrow the generation gap
10 March 2022
Global carbon emissions highest on record in 2021
Burning of coal to fuel economic recovery led to 6pc increase in emissions from 2020
9 March 2022
Europe faces transition trade-offs amid Russian crisis
More use of coal-fired power is likely in the short term, while new North Sea projects are not the answer, ETC chair Adair Turner tells Transition Economist
9 March 2022
EU plans to pivot from Russian gas
Switch to renewables and hydrogen aims to displace demand for Russian gas well before 2030
8 March 2022
EU ETS prices fall sharply on Ukraine invasion
Combination of factors has led to EU allowances losing a third of their value, but bullish factors remain on the horizon
7 March 2022
Transition metals risk supply crunch in 2030s
Underinvestment and lengthening lead times for mining projects are hampering supply growth needed to meet demand, Wood Mackenzie says
4 March 2022
Energy firms reluctant to cut Russian gas
European utilities are divesting from some Russian interests, but decisions on gas supply will require new sanctions
4 March 2022
IEA crisis plan calls for faster renewables rollout
Agency also urges action to switch to non-Russian gas as security of supply tops policy agenda
4 March 2022
South Korea’s Moon backs nuclear power
Outgoing president reverses anti-nuclear stance amid supply concerns following invasion of Ukraine
3 March 2022
Shell warns of renewables cost inflation
Company closely monitoring rising costs of wind turbines and batteries, CEO Ben van Beurden says
2 March 2022
Neptune says CCS can take it beyond net-zero by 2030
UK-based independent oil and gas producer says CCS capacity can exceed scope one and three emissions by end of decade
2 March 2022
TotalEnergies aims to develop US offshore wind on both coasts
Following a successful bid in a New York auction, the major has bought bidding partner EnBW’s North American portfolio
2 March 2022
Chevron buys US biofuels firm REG for $3.15bn
US oil and gas company says deal will speed progress towards 2030 renewable fuel production target
1 March 2022
Dutch oil and gas sector drafting energy transition pledge
The Netherlands wants to be the cleanest place in the world to produce offshore gas and to play its part in the energy transition by leading CCS and hydrogen projects, says chairman of Dutch oil and gas lobby group
28 February 2022
Germany plans two LNG terminals as Russia crisis deepens
Government acts to shore up energy supplies with new gas sources but insists policy dovetails with net-zero transition
25 February 2022
Russian invasion of Ukraine fuels crisis in energy sector
Sanctions and spiking electricity and gas prices present new challenges for Europe’s utilities
25 February 2022
Chevron ups investment in UK carbon capture developer
US oil major makes second investment in London-based modular carbon capture developer Carbon Clean
24 February 2022
China sets out energy storage development plan
Government calls for commercialisation of diverse technologies and deployment at scale by middle of decade as renewables proliferate
24 February 2022
EDPR plans $7.4bn Singapore clean energy hub
Spain-headquartered renewables group to use Sunseap acquisition as springboard for Asia-Pacific expansion
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