Articles
3 December 2021
Greening of UK power system gathers pace
Lenders back phase three of £9bn Dogger Bank offshore windfarm, and power distributor proposes £4bn clean energy overhaul
2 December 2021
Module price surge wrongfoots Chinese solar firms
Solar module prices up 28pc this year on the back of soaring feedstock costs, conference delegates say
2 December 2021
Renewables pairing drives China energy storage growth
Mid-decade storage target within reach despite challenging business model, conference delegates say
1 December 2021
IEA warns of commodity cost threat to renewables
Rising prices could delay wind and solar projects and add $100bn to costs, agency warns
1 December 2021
Outlook 2022: Profiting from the transition
The shift to lower-carbon energy may disrupt legacy business models but will also present major opportunities for many oil and gas companies
30 November 2021
Wintershall tests CO₂ in subsea gas pipes
Existing offshore pipelines could be suited to transporting liquid CO₂, gas producer says
30 November 2021
France must invest more in clean energy – IEA
Government faces key decisions next year on modernisation of nuclear fleet and raising clean energy ambitions to align with EU goals, agency says
30 November 2021
RWE eyes South Korea offshore wind project
German company agrees with Ulsan Metropolitan City to cooperate on development of floating project with a capacity of up to 1.5GW
25 November 2021
Tidal energy to feature in next UK auction
UK government ringfences £20mn/yr for tidal in upcoming renewable energy tender
25 November 2021
Jordan eyes renewable power exports
As wind and solar power capacity have ramped up impressively, the government is mulling ways to maximise its returns
25 November 2021
Only 10pc of energy companies aligned with Paris Agreement – TPI
Majority of firms’ emissions reduction plans are insufficient to keep warming below 1.5°C
24 November 2021
Enel brings forward net-zero target to 2040
Group accelerates investment in renewables capacity and networks as it looks to electrify new sectors
23 November 2021
Investment in LDES surges with renewables growth
US, Spain and Germany lead deployment of long-duration energy storage amid growing need for flexibility and dispatchable renewable power
22 November 2021
Geothermal could power North Sea industry
Legacy oil and gas fields can be repurposed to power offshore oil and gas operations, say academics and specialists
19 November 2021
Outlook 2022: Cop26’s imperfect progress
Glasgow saw just another Cop where some progress was made, but not enough if Paris Agreement targets are to be met
19 November 2021
New shipping fuels need lifecycle emissions analysis
IMO developing well-to-wake methodology amid calls for robust assessment of clean fuels’ green credentials, conference speakers say
17 November 2021
Faster switch to clean methanol needed
Industry must accelerate development of green and blue production routes as transport sector demand rises, conference speakers say
17 November 2021
LNG sector in push for emissions transparency
New industry framework promotes best practice for emissions accounting and use of offsets as trade in green LNG cargoes grows
17 November 2021
Equinor and EWP plan 3GW Korean floating offshore wind
The two companies join several developers exploring floating offshore wind development
17 November 2021
More work needed on energy efficiency – IEA
Improvement rate must double for net zero to be feasible, agency says
16 November 2021
Freeport LNG plans CCS at Gulf Coast export facility
Project would use Freeport-owned sequestration site less than half a mile from point of capture and could start up by late 2024
16 November 2021
Morocco hastens energy transition
Expiry of gas supply contract validates a recent uplift in renewables targets
15 November 2021
Cop26 pact demands stronger targets and faster transition
Countries agree to phase down coal power and adopt global rules for carbon trade
12 November 2021
US bill funds EVs and transmission
Legislation provides finance for charging stations and transmission lines
11 November 2021
European turbine makers continue to face headwinds
The outlook for renewable energy has never been brighter. So why are so few manufacturers profiting from booming demand for wind turbines?
11 November 2021
US and China to cooperate on enhancing climate action
Joint declaration to tackle CO₂ and methane emissions, with China pledging to reduce coal consumption
11 November 2021
Turboden sees big potential for ORC in US gas sector
Technology can cut emissions and raise energy efficiency at hundreds of US compressor stations
10 November 2021
Emissions goals imply 2.4°C global warming – Climate Action Tracker
Cop26 talks fail to gain enough momentum on strengthening inadequate 2030 targets, says climate analysis consortium
9 November 2021
Rolls-Royce secures backing to enter SMR sector
Modular reactors to be available to UK grid by early 2030s as government and equity investors bet on potential of low-carbon power source
8 November 2021
Sturgeon calls on Johnson to fast-track Acorn project
Scottish cluster was not awarded track-one status under UK government’s CCS scheme
5 November 2021
Repsol and Iberia complete first flight with waste-produced biofuel
Biofuel and energy efficiency measures have reduced a single route’s emissions by 1.4t CO₂
5 November 2021
Climate pledges can limit temperature rise to 1.8°C – IEA
Agency updates mid-October analysis to reflect slew of new pledges
4 November 2021
Outlook 2022: The future of oil majors in the energy transition
The big oil and gas companies are faced with the prospect of losing a large part of their market as the world transitions away from fossil fuels. Can they carve out a positive role for themselves?
4 November 2021
Low wind speeds mar offshore wind profits
Below-normal speeds slashed wind power generation in Europe in Q3, highlighting the risks faced by operators in the region
3 November 2021
Private capital committed to transition tops $130tn
Transition finance has hit levels needed to deliver net zero in 2050, Glasgow Financial Alliance for Net Zero tells Cop26
3 November 2021
US outlines actions on methane
Proposal forms part of US commitment under global pledge to cut methane emissions by 30pc by 2030
3 November 2021
EU joins Gates in $1bn clean technology accelerator
Focus on speeding up commercialisation of direct air capture, clean hydrogen, sustainable aviation fuel and long-range storage
3 November 2021
BP defends hydrocarbon role in transition strategy
Emissions reductions targets should not be proxy for underinvestment in hydrocarbons, CEO tells analysts
3 November 2021
Saudi Arabia signs up to net zero
Riyadh insists carbon neutrality is compatible with plans to raise oil and gas production
2 November 2021
Australia’s Moomba CCS project moves to FID
Injection into depleted gas fields expected to start in 2024 as project qualifies for Australian carbon credits
2 November 2021
Cop26 presidency lays out four goals for talks
Keeping 1.5°C pathway within reach and mobilising more finance are vital, according to Cop president Alok Sharma
2 November 2021
Australia’s rooftop solar surge challenges power grids
Low installation costs and generous feed-in tariffs help make Australia a world leader in rooftop solar panels
29 October 2021
Oil majors say fossil fuels still needed in US committee hearing
ExxonMobil, Chevron, Shell and BP executives support Paris Agreement but say fossil fuels will be required for some time
28 October 2021
Shell defends itself against call for break-up
Breaking up company, as activist investors want, would not help firm transition, say executives
28 October 2021
Taiwan’s recipe for success in offshore wind
Supportive policies and growing corporate PPA market drive growth in Taiwan but progress stalls elsewhere in Southeast Asia
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
Transition Economist's latest media guide is now available for download
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
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