Tagged With Tom Young
UK must provide more clarity on CCUS
20 January 2023
Potential projects need more precise information on timing and finance if they are to progress, say MPs and industry experts
Brazil’s carbon markets to grow under Lula
12 January 2023
Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets
8 Rivers charts low-carbon path
22 December 2022
Firm sees DAC as an increasingly important technology in the transition
EU reaches agreement on ETS revision
19 December 2022
New scheme for transport and buildings paired with tighter cap in existing system
Coal use increases, but investment lags
16 December 2022
High levels of demand are not translating into greenfield investments due to climate policies
RepowerEU financing agreed
14 December 2022
Innovation Fund will supply €12bn, with €8bn coming from early auctions of ETS allowances
EU agrees carbon border tariffs
13 December 2022
Carbon border adjustment mechanism will begin test period in 2023 and phase in slowly over course of the decade
OGCI members cut emissions
9 December 2022
Big oil and gas firms are making progress on carbon intensity and methane emissions
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.
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
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
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
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
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 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
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
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
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
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
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
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
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
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 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
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