27 October 2021
Aker advances plan to launch €1bn energy transition fund
Norwegian company also unveils plan to form green industrial hub at site north of Arctic Circle
27 October 2021
Big potential seen for CCUS in Southeast Asia
Technology uniquely positioned to support region’s decarbonisation of power generation and gas processing, conference panellists say
27 October 2021
Cairo eyes role as clean energy exporter
Egypt starts to look beyond decarbonisation of its domestic power sector as investment in its renewables and emerging clean hydrogen sector gain momentum
27 October 2021
Global climate commitments fall short – Unep
Current pledges to Paris Agreement would lead to 2.7°C of global warming this century
27 October 2021
Siemens Gamesa plans first US offshore wind factory
Virginia facility marks first step in development of US supply chain for offshore wind
26 October 2021
Australia pledges net-zero emissions by 2050
Government says clean technology can deliver bulk of cuts and rules out use of carbon taxes
21 October 2021
UK includes aviation and shipping in emissions targets
The country’s recently published Net Zero Strategy aims to reduce transport emissions by 22-33pc by 2030 and 46-59pc by 2035 compared with 2019 levels
20 October 2021
UK to unlock £90bn transition investment by 2030
Renewables, CCS, nuclear and hydrogen are all earmarked for government support, according to a recently published strategy
19 October 2021
Iraq’s two months in the sun
Baghdad has recently pulled off a string of deals promising a manyfold expansion in solar capacity
18 October 2021
UK oil and gas could miss 2030 emissions reduction target – OGA
Regulator urges industry to ramp up efforts to electrify infrastructure and stop routine flaring to meet 50pc emissions target
14 October 2021
Strong policy push needed to reduce oil and gas demand
Mismatch between tightening supply and continued demand will result in continued volatility unless action taken on demand side, says IEA report
14 October 2021
US to offer up to seven offshore wind leases by 2025
Government aims to fire up key renewables sector with increased certainty and transparency for potential developers
13 October 2021
Lightsource BP solar project to meet steel mill’s power demand
Solar developer launches largest US onsite solar facility dedicated to a single customer
13 October 2021
Clean energy investment must triple by 2030 – IEA
Key role for startups as clean technology market hits $27tn under 2050 net-zero scenario, IEA says
11 October 2021
Chevron sets net-zero 2050 target for upstream emissions
Firm also sets 2028 scope three emissions reduction target of 5pc below 2016 baseline by 2028
11 October 2021
Orsted signs €2bn climate-linked revolving credit facility
Interest margin to depend on performance against predefined sustainability targets, Danish energy company says
8 October 2021
UK could handle 150GW of offshore wind in 2050
Offshore wind seen as workhorse of UK system, but integration requires policy and market reforms, thinktank says
8 October 2021
Transition Economist 2022 Media Guide
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7 October 2021
UAE declares 2050 net-zero target
Opec member announces initiative ahead of Cop26
6 October 2021
CCUS gains momentum despite midstream challenges
Major investment needed to expand CCUS infrastructure in US beyond existing use for enhanced oil recovery
6 October 2021
Subsidies key to carbon capture growth
Attempts to scale up CCUS have failed due to lack of guaranteed long-term revenue
5 October 2021
Traders see energy price spikes as transition progresses
Extreme volatility possible as underinvestment in upstream oil and gas creates supply gap, trading chiefs say
4 October 2021
Technip and Siemens look to decarbonise olefin production
Technology uses a dynamic reactor system that replaces conventional furnaces with a combination of electric and hydrogen-fired gas turbines
4 October 2021
Six actions needed to close Paris emissions gap – ETC
Additional 17-20Gt of carbon dioxide reductions and 40pc cut in methane emissions necessary to keep 1.5°C target alive
30 September 2021
Slow start for Japan’s offshore wind push
Grid constraints and local opposition present major obstacles to Japan’s plans for 45GW offshore wind by 2040
28 September 2021
Paris-compliant transition needs massive redirection of capital – DNV
Financiers face multiple challenges as they tackle high-risk, low-return clean energy projects, report says
28 September 2021
Climate will warm at least 2.2°C - TotalEnergies
Report by oil and gas major outlines scenarios based on current commitments and what is necessary to keep to 1.5°C warming
28 September 2021
New York City pitches for offshore wind business
City sets out 15-year plan to attract investment of over $1bn/yr and launch technology accelerator
22 September 2021
China wind power set for rapid growth and plunging costs – Wood Mackenzie
Onshore wind costs expected to drop by 46pc by 2030 as state policies drive sustained capacity growth, consultancy says
21 September 2021
Lightsource BP secures $1.8bn to boost solar growth
The developer plans to increase total global capacity to 25GW by 2025
20 September 2021
Saudis move to accelerate sluggish renewables push
Riyadh’s ambitions to enter the green hydrogen sector sit uncomfortably with a slow renewables build-out
16 September 2021
US solar targets a ‘challenge’
Industry faces headwinds including supply chain tariffs and rising commodity prices
15 September 2021
Chevron outlines new climate strategy
Firm to invest in renewable fuels, hydrogen and CCUS to decarbonise its operations
14 September 2021
Carbon abatement cost debate evolves
Previous analysis tended to neglect cross-measure interactions and simplify diminishing marginal returns
13 September 2021
India’s green growth challenges
Despite $1.2bn of additional investment, India could miss its 2022 renewable energy capacity target
13 September 2021
UK sets £200mn budget for offshore wind CfD
Latest budget will ringfence £24mn for floating offshore wind, and includes onshore wind and solar for first time since 2015
10 September 2021
Aker Carbon Capture pegs all-in CCS cost at €110/t
Norwegian firm aims for 10mn t by 2025 and targets UK gas-fired power sector
10 September 2021
US highlights China coal consumption
Capacity additions continue despite falling demand and accelerating renewables rollout
8 September 2021
Oil and gas must reduce emissions across all scopes – CCC
UK governmental climate change adviser urges sector to take ownership of energy transition and scale up investments in clean energy alternatives
6 September 2021
The CCS revival – part three: Canada’s advance
Proposals for six blue hydrogen-related projects are putting the nation at the forefront of the CCS sector
3 September 2021
Dutch pension funds hasten exit from oil and gas sector
PME and Dutch hospitality fund unwind fossil fuel investments in wake of Shell climate case defeat
2 September 2021
Australia launches offshore energy bill
Bill aims to accelerate offshore wind and transmission cable development
1 September 2021
France lines up 25GW renewables expansion
Government plans new tranche of competitive tenders to bolster wind and solar sectors
1 September 2021
Global EV sales nearly triple in H1 2021 – Wood Mackenzie
China and Europe leading growth markets but sales in US see only modest increase
1 September 2021
The CCS revival – part two: US dominance
45Q tax credit and fuel standards are spurring industry on in the US, although blue hydrogen development is still slow
1 September 2021
Wind turbine prices rise sharply as costs surge—Wood Mackenzie
Turbine prices are expected to trend higher until end of 2022 as manufacturers face soaring commodity and shipping costs
27 August 2021
The CCS revival – part one: Global growth
The technology is gaining traction as tax credits and rising carbon prices improve the economics of deployment in energy-intensive industries
27 August 2021
US Q2 clean power installation up 13pc – ACP
Solar accounts for more than half of capacity in pipeline, followed by onshore wind, offshore wind and battery storage
26 August 2021
Swiss Re signs world’s first ten-year DAC contract with Climeworks
$10mn contract and strategic partnership aims to improve fundability of large-scale DAC
26 August 2021
California promotes building electrification
New codes would encourage developers to integrate small-scale batteries into new commercial structures
26 August 2021
Global carbon emissions rise beyond pre-pandemic levels – Ember
Wind and solar growth has been insufficient in fully meeting post-pandemic increase in power demand, with many countries turning to coal
24 August 2021
LS Power’s Rev launch signals take-off for US storage market
US market set for rapid growth, with both standalone and coupled storage projects gaining traction
23 August 2021
China’s CTG buys renewables assets in Europe and Middle East
State-owned China Three Gorges accelerates overseas buying spree in wake of $3.6bn IPO
20 August 2021
Transition economic impact could echo 1970s oil shock - PIIE
Rise in carbon prices required by 2030 could serve as negative supply shock to global economy of similar magnitude to 1973-74 quadrupling of oil prices, thinktank says
19 August 2021
Virgin Atlantic signs up for Scottish DAC offsets
Airline first in its sector to back Europe’s only large-scale direct-air-capture project
19 August 2021
India policy move boosts growing electric two-wheeler market
Price incentives support shift away from petrol models in country’s largest vehicle class
19 August 2021
Morocco hedges energy bets
The country is expanding into renewables and moving into green hydrogen production while reviving plans to import LNG
19 August 2021
UAE mulls going net zero
The hydrocarbons producer could look to unlock certain benefits by being in the regional low-carbon vanguard
18 August 2021
EU solar generation hits new summer peaks
Solar sector provides 10pc of EU27’s power for first time during June-July peak period, Ember analysis shows
18 August 2021
Greensand consortium pursues North Sea CCS pilot
Pilot could inform full-scale project to capture and permanently store 4-8mn t CO₂/yr, developers say
16 August 2021
UK probes greenwashing in retail energy market
Government review of green energy marketing will include examination of UK system for guarantees of origin certificates
12 August 2021
Biden’s latest EV push starts from low base
President wields executive order to accelerate EV uptake, which remains stuck at around 2pc nationally
11 August 2021
Biden under pressure over cheap Chinese solar
Scrutiny on manufacturing in Xinjiang could open the door to polysilicon production in other regions as demand surges
10 August 2021
Fertiglobe sells second blue ammonia cargo to Japan
Shipment to Japanese refiner Idemitsu fetches attractive premium to grey ammonia
9 August 2021
Global temperature rise will reach 1.5°C in next 20 years – IPCC
Report calls for quick action by policymakers to stabilise temperature rises later in the century
6 August 2021
Action needed to unlock renewable investments – BNEF
Bottlenecks the result of the pace of subsidy provision, permitting problems and a lack of investment in transmission grids
6 August 2021
US EVs to receive diminished funding
Biden administration may still have options to increase funding pot, including reconciliation
5 August 2021
Tech disruption could cut emissions rapidly – Rethink X
Report envisions a far faster decarbonisation process than more conventional scenarios
4 August 2021
Battery discharge efficiency key – US study
Long-discharge capability also needed if batteries are to bring down grid power prices
3 August 2021
BP doubles renewables pipeline
Offshore wind investments in US and bids in Scotland will help to decarbonise firm’s portfolio
2 August 2021
Israel upgrades climate ambition
New plan comes at the end of a decade where the energy sector focus has been on developing the country’s offshore gas resources
2 August 2021
Denham aligns with sustainable guidelines
Sabine Chalopin, Denham Capital’s ESG and Impact Director, talks about the firm’s methodologies for sustainability
2 August 2021
Denham looks to finance sustainable infrastructure
Investors in developed economies need to help governments and firms in emerging economies gain access to capital markets, says CEO
30 July 2021
PE Live: Low-carbon technologies gaining momentum
Green hydrogen and CCS can replicate progress of renewables but only with supportive government policy
30 July 2021
PE Live: Transition projects need lower cost of capital
Better management of project risks needed to bring down cost of capital and speed up deployment of low-carbon technologies, panellists say
30 July 2021
Mission net zero: part three—geopolitics
US-Sino tensions could hinder global co-operation on climate and divert government spending away from net-zero push
29 July 2021
Form Energy looks to undercut battery market
With a cost proposition around $20/kWh, the startup hopes to disrupt the more established lithium-ion industry
29 July 2021
Go bigger on offshore wind to cut UK net-zero costs – LCP
Displacing nuclear with offshore wind backed up by flexible thermal power plants and storage can cut capital costs
27 July 2021
China finances no new coal in 2021
Size of projects and new investment guidelines have deterred coal financing
26 July 2021
Mission net zero – part two: economics
Soaring government debt relative to GDP in wake of Covid-19 leaves economists divided over best approach to funding the transition
23 July 2021
PE Live: Glasgow climate talks must solve article six issues
A number of hurdles remain, including additionality and flexibility of emissions reductions
23 July 2021
PE Live: Paris climate contributions are standardising
Second round of NDCs sees greater similarity in formats, with many adopting net-zero targets
22 July 2021
Statkraft on track for 9GW renewables by 2025
Utility will continue to develop 3GW/yr of renewable capacity after 2025
22 July 2021
Oil majors pile into Scottish offshore wind tender
Scotwind tender draws 74 bids amid strong competition for North Sea project rights
21 July 2021
US grid storage needs further policy action – Wartsila
Storage will be a key part of enabling the grid to be supplied by 40-60pc renewables
20 July 2021
Energy transition spending must increase – IEA
Shortfalls in funding are particularly pronounced in emerging economies, where capital markets can be hard to access
19 July 2021
Climate ‘accelerator’ Subak launched
Organisation will help to grow and finance startups that have a focus on climate and climate data
19 July 2021
Mission net zero – part one: costs
First in three-part Transition Economist series looks at the cost of the global energy transition and the magnitude of the work required
19 July 2021
Gulf NOCs green their operations
Pressure growing to abate emissions through deployment of solar and CCUS as oil production capacity continues to rise
16 July 2021
UK Acorn CCS project signs up St Fergus gas terminals
Boost for Scottish CCS cluster as it lines up SEGAL and FUKA gas processing terminals as first CCS customers
15 July 2021
Acorn CCS project awards Feed contract
Study will be carried out by Carbon Clean as part of preparation to start CCS operations by mid-decade
14 July 2021
EU outlines rules to meet new 2030 GHG target
European Commission outlines a package of measures designed to reduce its greenhouse gas emissions by 55pc below 1990 levels by 2030
14 July 2021
UK takes aim at fossil fuel transport
The country is launching a series of initiatives aimed at codifying and accelerating its move to net-zero mobility
13 July 2021
Shell eyes Canadian CCS and hydrogen project
Proposal follows successful deployment of a pilot project known as Quest CCS
12 July 2021
TotalEnergies and ExxonMobil eye France North Sea CCS
Oil companies join Air Liquide, Borealis and Yara International in project to cut emissions in Normandy industrial basin
12 July 2021
EU to give biojet industry new thrust
A new sustainable aviation proposal is set to supercharge so-far fledgling efforts
9 July 2021
Ineos Grangemouth complex joins Acorn CCS project
Boost for Scottish Cluster as Grangemouth targets 1mn t/yr carbon capture by 2027
9 July 2021
Big US firms call for national clean energy standard
Adoption of federal standard can spur robust economic recovery and create millions of jobs, companies say
7 July 2021
US grid to face transition pressure
Regional grids will struggle with twin challenges of decarbonisation and extreme weather events
6 July 2021
Biomass supply limited in net-zero world – ETC
Strict sustainability criteria will mean less supply than other scenarios foresee, thinktank says
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