Latest news
The EU’s carbon market reform proposal
A draft of the EU’s revised Emissions Trading Scheme confirms the European Commission’s intention to tighten the cap placed on CO2 emissions from industry and extend carbon trading to cover shipping emissions as well as road transport and heating fuels.
read more... 01/07/2021
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Vitol boss warns of oil supply 'gap' in 2025-2035 as upstream spending ebbs
The world faces a potential global oil supply shortage over the coming decade as the pullback from fossil fuels project by parts of the industry creates a gap with expected demand, Russell Hardy, CEO of commodity trader Vitol, said June 15.
read more... 16/06/2021
Siemens Gamesa plans fossil-parity hydrogen from onshore wind by 2030
Renewable energy technology company Siemens Gamesa is targeting renewable hydrogen from onshore wind power at price parity with fossil fuel-derived hydrogen by 2030 in Europe and beyond, and sees production from offshore wind as cost-competitive by 2035, the company said June 9.
read more... 10/06/2021
EU Approves $21B Green Transition Fund
The 27 members of the European Union approved on Monday the regulation establishing the so-called Just Transition Fund to help fossil fuel-reliant economies in the bloc move to greener energy, clearing the final hurdle for the fund to launch.
read more... 08/06/2021
G7 Nations Invest More In Fossil Fuels Than Clean Energy Despite Pledges
The G7 nations have been pumping more in fossil fuels than in clean energy since the start of the pandemic, despite headline-grabbing pledges for ‘building back greener’, a new report found on Wednesday.
read more... 03/06/2021