Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Decarbonisation
  • Electrification
  • Renewables
  • Gas & LNG
  • Finance
  • Trading & Markets
  • Strategies & Trends
Search
Related Articles
BP to invest in UK EV battery-testing facility
Project will help develop fluid technologies for managing temperatures in batteries to improve efficiency
UK launches critical minerals strategy
Government plans to diversify supply chains and boost domestic production, refining, recovery and recycling of metals key to the energy transition
Sizewell C passes planning milestone
EDF expects to take FID on the nuclear project next year
UK consults on major power market reform
Government eyes biggest overhaul of wholesale market for 20 years to support transition goals and break price link with gas
UK awards subsidies to 11GW of renewables
Offshore wind beats onshore wind and solar projects as the cheapest source of power awarded
UK launches consultation on greenhouse gas removal policy
The government is leaning towards introducing a contract scheme for negative emissions
UK identifies areas for floating offshore wind
Project development areas will be offered to the market via competitive tender in 2023
UK must do more on climate targets – CCC
Nation at significant risk of not meeting its fifth and sixth carbon budgets, says climate watchdog
Floating offshore wind pipeline grows to 85GW
Deployment will take off first in the UK, France, South Korea, Japan and Norway, report says
Equinor and SSE award Keadby 3 CCS Feed contract
Facility could be the first power station in the UK to be fitted with carbon-capture technology
Routing flaring must end by 2030 to meet 50pc emissions reduction target
UK North Sea Offshore
Polly Martin
18 October 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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

The UK oil and gas industry is on course to meet 2025 and 2027 emissions targets outlined by the North Sea Transition Deal (NSTD), but will miss the 2030 target unless action is taken, according to a report by regulator the Oil and Gas Authority (OGA). Under the NSTD, the industry must reduce emissions from a 2018 baseline by 10pc by 2025, by 25pc by 2027 and by 50pc by 2030, reaching net zero by 2050. Overall upstream emissions fell by 11pc from 2018 levels in 2020. However, the OGA notes that given “2020 was a very unusual year for industry activity” due to Covid-19 and the oil price crash, “the sector must ensure recent reductions are sustained”. Sustaining the current rate of emissions r

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
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
Vestas expects US order boost from climate act
10 August 2022
Danish wind turbine maker welcomes Inflation Reduction Act but reports second-quarter loss as inflation and supply chain issues continue to weigh on performance
World faces setbacks on energy challenges
Opinion
10 August 2022
Slower-than-expected progress on nuclear power means the world must look elsewhere for decarbonisation options
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

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Transition Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search