Tagged With Tom Young
Rio Tinto to offset over 5pc of 2030 emissions goal
2 December 2022
The mining company will develop 1mn t of in-house emissions offsets through projects on its existing land
EU reaches deal to include shipping in ETS
30 November 2022
Provisional agreement is still subject to an overall deal on the ETS revision in late December.
Essar Oil to build CCS at Stanlow
30 November 2022
Carbon dioxide will be permanently sequestered into depleted gas fields under the sea in Liverpool Bay as part of the Hynet cluster
EU must clarify CO₂ removal rules
29 November 2022
Carbon removals proposal must prioritise emissions cuts and differentiate between short-term and long-term storage, according to NGOs
Countries must stop coal approvals to reach net zero – IEA
28 November 2022
Transition is complicated in countries with high coal dependency because of remaining lifetimes of plants and expense of gas
UK urged to deliver on CCS infrastructure
24 November 2022
The government must make good on plans to support CO₂ pipeline transport and offshore geological storage infrastructure development for its track-one CCS clusters, thinktank says
Cop27 yields new deal on loss and damage
21 November 2022
Progress made on loss and damage and on carbon markets, but not on emissions reductions
EU agrees to loss-and-damage fund
18 November 2022
The bloc makes negotiating concession as it looks to tie loss-and-damage fund to mitigation
US to issue further methane regulation
11 November 2022
EPA says new rules will reduce an estimated 36mn t of methane emissions between 2023-35
8 Rivers and JX Nippon to work on CCS technology
10 November 2022
Firms intend to develop a gas calibration programme, aiming to burn previously unusable natural gas
Data software can help evaluate emissions
7 November 2022
Rockwell Automation offers a predictive emissions monitoring service that can help give firms a real-time overview of their emissions
EU energy sector CO₂ emissions start to fall
4 November 2022
Decline follows more than 12 months of rising year-on-year figures due to low nuclear output and increasing demand
Global headwinds for Cop27 climate talks
2 November 2022
High inflation and interest rates will hamper project development, but progress is still being made in key areas, says Energy Transitions Commission
EU to launch €3bn CCS funding round
1 November 2022
Money will come from the Innovation Fund, which has already provided €1.5bn in support to 11 carbon-capture projects
EU road transport to be zero-emission by 2035
31 October 2022
New legislation will phase out diesel and petrol vehicles over next 12 years
Blackstone digs deeper on transition
28 October 2022
Private equity division Blackstone Energy Partners is looking to finance critical energy infrastructure assets
Energy sector carbon emissions to peak in 2025 – IEA
27 October 2022
New policies in the EU, the US and China will cause emissions to peak this decade, the first time this has been forecast in an IEA Steps scenario
Global GHG cuts still well short of 2°C goal – UNFCCC
26 October 2022
Synthesis reports shows that, even after the latest round of NDC updates, signatories to the Paris Agreement are not cutting emissions fast enough
No new oil and gas to meet 1.5°C
24 October 2022
Report from IISD says new hydrocarbon investments are not compatible with 1.5°C carbon budgets
Firms still lag on net-zero targets
18 October 2022
Analysis by South Pole suggests major companies are still failing to set net-zero goals
Climate change threatens energy assets
17 October 2022
More than 70pc of installed capacity is sited in regions that will face extreme heat and more tropical cyclones in future
Floating offshore wind capacity doubles in 2022
13 October 2022
Sector is likely to continue to gain momentum as costs fall
International aviation agrees net-zero goal
10 October 2022
Sector now covered by long-term target for first time, but criticism remains over how it is to be achieved
Low-carbon spending ratio must quadruple – BNEF
7 October 2022
Expenditure must increase dramatically in comparison with cash going to fossil fuels if nations are to meet goals of the Paris Agreement
EU ETS revenues will come from frontloading
6 October 2022
Initial Commission proposal to sell allowances from Market Stability Reserve rejected by both EU Parliament and Council
Chevron looks to reduce CCS costs
3 October 2022
The US oil major is investing in capture-technology startups and testing in San Joaquin Valley
Fortescue to eliminate fossil fuel use by 2030
20 September 2022
Resources firm will spend $6.2bn on developing technologies to help eliminate the use of coal, diesel and natural gas from its supply chain by 2030
Chemicals sector faces transition dilemma
16 September 2022
Transitioning to low-carbon is complicated but represents huge opportunities for the sector, says new report
EU puts forward measures to reduce power demand
14 September 2022
Proposals also include a temporary revenue cap on operators of renewable, nuclear and lignite power generation
EU package to target electricity demand
12 September 2022
Emergency measures aim to lower power prices by reducing demand at peak times
EPP proposes faster allowance sale to lower ETS price
8 September 2022
Largest group in European Parliament has suggested sale of allowances across one year to finance investments in energy projects
Lithium prices to stay strong until 2024
7 September 2022
Prices are expected to fall back as more production comes online in the middle of the decade, says Fitch Solutions
EU aims to reform electricity markets
30 August 2022
European Commission is working on both an emergency intervention and long-term structural reform following high electricity prices
European majors to spend over a third of capex on low carbon by 2025
26 August 2022
Six of the largest European oil and gas firms have set 2025 targets for low-carbon investment as part of their climate transition plans, with goals to increase spending by 2030
EU ETS prices rise on high coal burn, low auctions
24 August 2022
Prices in the EU’s emissions trading scheme hit an all-time high last week after an August rally on reduced volumes and an increase in coal burn
CCUS use must grow vastly to reach net zero
16 August 2022
Analysis of scenarios by Transition Economist shows that even recent positive developments are not consistent with required deployment pathways
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
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video