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Jun 13, 2025

UK Pays Unprecedented Amounts to Wind Power Operators to Shutdown

The UK's grid operator has reported a significant increase in balancing costs as more wind farms in Scotland are compensated for not generating electricity to prevent overloading the constrained network in that area. When wind energy production is high in constrained regions like Scotland, the National Energy System Operator (NESO) must reduce win...

Jun 13, 2025

The UK will invest £200 million in the Acorn carbon capture initiative in Scotland.

The UK government announced on Thursday that it will invest £200 million ($272 million) in the Acorn carbon capture and storage (CCS) project in Scotland, providing more details on the funding first mentioned in a spending review on Wednesday. With a goal to achieve net zero emissions by 2050, the UK has emphasized the importance of CCS for reduci...

Jun 13, 2025

The EU's nuclear energy initiatives necessitate an investment of 241 billion euros.

The European Commission announced that EU nations' plans to increase nuclear energy capacity will require investments of 241 billion euros ($278 billion) and new funding methods to reduce risks for private investors. By 2050, EU countries aim to boost nuclear power capacity to 109 gigawatts from the current 98 gigawatts. The draft analysis indica...

Jun 13, 2025

UK ETS emissions declined by 11% compared to the previous year in 2024.

Emissions in sectors included in the UK emissions trading scheme (ETS) fell by 11.5% year-over-year in 2024, according to data from the UK ETS authority, showing a slight slowdown in their decline compared to the previous year. Stationary installations within the UK ETS emitted 76.7 million tonnes of CO2 equivalent (CO2e), down 12.9% from 2023. Ho...

Jun 13, 2025

Spanish industrial gas consumption in May reaches a multi-year low.

Last month, Spanish industrial gas consumption was higher than in April but marked the lowest level for May in at least nine years, according to data from grid operator Enagas. In May, industrial gas demand reached 449 GWh/d, an increase from 441 GWh/d in April, yet it was still below the 465 GWh/d recorded a year earlier, making it the weakest M...

Jun 13, 2025

In 2024, revenues from global carbon pricing surpass $100 billion for public budgets.

A recent World Bank report indicates that carbon pricing revenues exceeded $100 billion in 2024, significantly benefiting public budgets. More than half of these revenues were directed towards environmental projects, infrastructure, and development, demonstrating a strong commitment to sustainable growth. The ‘State and Trends of Carbon Pricing ...

Jun 12, 2025

EU nations are looking into relaxing regulations on methane emissions for gas imports.

EU member states may request Brussels to streamline the methane emissions regulation, raising concerns from companies that it could affect the import of U.S. liquefied natural gas, as reported by Reuters. Starting this year, the EU mandates that oil and gas importers monitor and report methane emissions linked to these imports. Methane, which leak...

Jun 12, 2025

France activates its nuclear sector to drive growth.

A strategic contract has been established among key French industrial stakeholders, the government, and trade unions to coordinate the country's nuclear sector for extending the operational life of existing reactors and building new ones. In February 2022, President Emmanuel Macron declared that the time was ripe for a nuclear revival in France, a...

Jun 12, 2025

EU Plans to Permit More Flexible Natural Gas Storage Goals

Negotiators from the European Parliament and EU member states have reached a preliminary agreement to relax the bloc's natural gas storage targets by allowing a 10 percentage point deviation from the 90% storage goal, according to a draft document reported by Bloomberg. This increased flexibility addresses concerns from several major gas-consuming ...

Jun 12, 2025

OPEC leader asserts that the rise in oil demand is permanent.

OPEC's secretary-general, Haitham Al Ghais, stated this week that crude oil demand will continue to rise in the coming decades due to population growth, predicting a 24% increase by 2050. He emphasized that there is no imminent peak in oil demand at the Canadian Global Energy Show, as reported by Reuters. Al Ghais reiterated concerns about the nega...

Jun 12, 2025

Potential defects identified in French nuclear reactors.

France's EdF has identified potential defects in the piping of the 1.5GW Civaux 2 reactor, as reported by the nuclear safety authority ASNR. Tests showed two "signs," likely echoes from ultrasound assessments, that may indicate defects. These tests are ongoing as part of a strategy to address stress corrosion, though ASNR has not yet confirmed whet...

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