EDF Energy increased its carbon emissions by almost 40%

03/10/2013 11:00 CO2


EDF Energy has recently released its latest sustainability report according to which last year it has emitted 21 million tons of carbon dioxide registering an increase of almost 40% in comparison to 2011 levels.

EDF explained that the increase was driven by burning more coal at its power stations, in a move which aims to meet the energy requirements of the UK. UK has increased its coal consumption as natural gas prices increased, and electricity generation shifted from gas to coal in 2012. The increase on greenhouse gas emissions meant EDF was behind its stated target of reducing emissions by 60% by 2020 from a 2006 baseline of 813tonnes/GWh, but said the situation would improve as it built more nuclear generating capacity. EDF Energy also missed the objective to slash emissions from its commercial buildings by 30% by 2012, reducing it by just over 5%.

Turkey extends renewable energy support mechanism date

21/09/2020 09:03:00

If plant equipment is locally-produced, additional support for five years will be given starting from commission date


The Electrification Of UK Offshore Oil & Gas

21/09/2020 08:26:00

The British government has set a goal to reach net zero emissions by 2050. Electrification of oil and gas platforms on the UK continental shelf (UKCS) should play an important role in efforts to achieve this target, as a Rystad Energy analysis shows that UK oil and gas production will remain significant for decades to come. After a small decline over the next several years, output forecast to rebound to approximately 2 million barrels of oil equivalent per day by around 2035. UK emissions from oil and gas production in the North Sea are the highest among the region’s producers, reaching 13.1 million tonnes of CO2 in 2019, according to Rystad Energy emission data. Extraction emissions account for 10.1 million tonnes of CO2, with flaring making up the rest.


Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

18/09/2020 14:15:00

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.