Tagged With Tom Young
Ipieca launches industry principles
11 August 2022
Global oil and gas association’s eight principles are grouped around four strategic pillars of climate, nature, people and sustainability
Burning developed fossil fuel reserves will exceed 1.5°C carbon budget
10 August 2022
Significant proportion of CO₂ from oil, gas and coal assets either producing or under construction must be left unburned, study says
US bill on climate passes Senate
8 August 2022
The Inflation Reduction Act contains a series of measures to stimulate the low-carbon economy in the US
India legislates on emissions
4 August 2022
Revision of energy conservation bill aims to enshrine updated NDC in law and introduce a carbon market
Australia set to pass climate bill
3 August 2022
New Labor government wins support from Greens for bill to reach net-zero emissions by 2050
BP to invest in UK EV battery-testing facility
1 August 2022
Project will help develop fluid technologies for managing temperatures in batteries to improve efficiency
Efficiency and SAF key to cutting aviation emissions
15 July 2022
Rate of efficiency improvements must be doubled while SAF production must grow fivefold under a net-zero scenario
Huge ramp-up in CCUS capacity needed – ETC
13 July 2022
Scale-up needed from 37mn t/yr of capture currently to at least 7gt CO₂/yr by 2050, says Energy Transitions Commission
MEPs vote nuclear and gas as sustainable
6 July 2022
European Parliament fails to reject Commission proposal to define some nuclear and natural gas power as sustainable
UK identifies areas for floating offshore wind
5 July 2022
Project development areas will be offered to the market via competitive tender in 2023
EU and Ukraine must embrace green hydrogen and renewables
5 July 2022
Strong and sustained technological, industrial and investment partnership will help accelerate energy independence, say industry associations
US Supreme Court votes to limit EPA’s powers
1 July 2022
Ruling constrains regulator’s authority to mandate power generators switch away from fossil fuels
UK must do more on climate targets – CCC
29 June 2022
Nation at significant risk of not meeting its fifth and sixth carbon budgets, says climate watchdog
EU Council agrees position on energy targets
28 June 2022
Council sets binding EU-level targets of 40pc for renewables’ share of the energy mix and 36pc for energy efficiency
QatarEnergy joins methane reduction initiative
27 June 2022
Firm joins other oil and gas giants in drive to reach near-zero methane emissions from operated assets by 2030
EDP to invest €1.5bn in renewables
23 June 2022
Money will go to Ocean Winds, a joint venture with Engie that has an 11GW floating offshore wind portfolio
MEPs pass ETS reform
22 June 2022
European Parliament has voted in favour of steeper emissions reductions and inclusion of maritime, road transport and heating in carbon pricing schemes
New umbrella CO₂ offset contract launched
21 June 2022
The GER contract has been designed to tackle some of the problems with existing voluntary carbon markets
MEPs reach new deal on ETS reform
15 June 2022
Cap reduction stays at diluted level but free allowances phased out by 2032
BP acquires controlling stake in Australian renewables project
15 June 2022
Oil major buys 40.5pc share in Australian Renewable Energy Hub, which will supply power to local mines and produce green hydrogen and ammonia
Group of 24 nations agrees to improve energy efficiency
13 June 2022
Governments including US, Germany and Japan will seek opportunities for exchange and collaboration, according to joint statement
World must cut 37gt CO₂ by 2050 – Irena
10 June 2022
Agency report identifies key technologies and actions needed to be consistent with 1.5°C pathway
UK must support pink hydrogen – HFCA
9 June 2022
Policies needed to support hydrogen projects powered by new wave of nuclear plants, says industry body
EU parliament votes down ETS reforms
8 June 2022
Reforms proposed under EU’s ‘Fit for 55’ package will go back to committee stage and return to parliament in September
EU climate laws advance
18 May 2022
Rules governing how emissions will be cut in line with Paris Agreement goals have passed a key legislative hurdle
Shell calls for policy stability
6 May 2022
CEO Ben van Beurden says transition investments are easier to make in a stable policy environment
TotalEnergies says Q1 profits can fund transition
29 April 2022
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
Net-zero targets ‘inadequate’ to hit Paris goals – McKinsey
26 April 2022
Faster shift away from fossil fuels toward efficiency, electrification and new fuels needed to keep 1.5°C pathway in sight, according to consultancy
TotalEnergies to publish annual climate progress
25 April 2022
French company decides to disclose progress against emission reduction targets annually after coming under pressure from investors
Passive investing risks safe haven for fossil fuels
22 April 2022
Growth in index-tracking funds over last few years has led to over-investment in fossil fuel sector, says report
Equinor lays out transition strategy
19 April 2022
Norwegian company says its planned emissions reductions are consistent with a 1.5°C pathway
ExxonMobil to assess Australian CCS potential
19 April 2022
Company is in talks with local industries to assess interest in Gippsland hub
Climate pledges ‘could limit’ warming to 2°C
14 April 2022
Previous research had suggested that pledges have only a 50pc chance of achieving 2°C target
Clean energy spending rises following Ukraine crisis
12 April 2022
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
Asian nations must avoid gas infrastructure – Carbon Tracker
11 April 2022
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
UK backs nuclear to gain energy independence
7 April 2022
Nation raises offshore wind, solar and nuclear targets as it looks to move away from imported fossil fuels
Immediate action needed to achieve 1.5°C – IPCC
5 April 2022
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
Biden to spur domestic critical mineral production
1 April 2022
US president invokes the Defense Production Act to expand domestic supply as administration seeks to curb reliance on imports
Shell to invest up to £25bn in UK energy system
29 March 2022
Firm will lay out more details about strategy in coming months as it looks to deploy recent profits to aid the transition
IEA given climate mandate
24 March 2022
Ministers from 31 member countries give body new guiding principle of supporting decarbonisation efforts
ETS to remain heart of EU climate policy
24 March 2022
Carbon border adjustments could encourage scheme’s influence in other regions, according to panel
Businesses join net-zero pledge
15 March 2022
One hundred more firms have signed a pledge to reach net-zero emissions by 2040, but more are needed, says former UN climate chief
Global carbon emissions highest on record in 2021
10 March 2022
Burning of coal to fuel economic recovery led to 6pc increase in emissions from 2020
EU plans to pivot from Russian gas
9 March 2022
Switch to renewables and hydrogen aims to displace demand for Russian gas well before 2030
EU ETS prices fall sharply on Ukraine invasion
8 March 2022
Combination of factors has led to EU allowances losing a third of their value, but bullish factors remain on the horizon
Uncertainty preventing transition investments – WEC
27 January 2022
Covid-19 variants, economic growth and geopolitics are higher up the agenda for leaders than climate change
Trafigura accelerates decarbonisation efforts
26 January 2022
Firm is reducing emissions impact of shipping and mining operations
ExxonMobil targets net-zero scope one and two emissions by 2050
19 January 2022
Oil major plans to invest more than $15bn on low-carbon initiatives by 2027
Moller-Maersk targets net zero by 2040
13 January 2022
Firm will use methanol for shipping fuel and sustainable aviation fuels to reduce carbon footprint
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