When the idea of re-creating the process that powers the sun here on Earth felt more like a thought experiment or a science fiction premise than a viable part of our global energy mix, it was easy to imagine equally far-fetched outcomes. We imagined that fusion would be limitless, unstoppable, …
Read More »End of Fossil Age has Begun
2023 will mark the beginning of the decline in fossil fuels, following the peak of global electricity emissions in 2022, according to a new report released on Wednesday (12 April) by energy think-tank Ember. “In this decisive decade for the climate, it is the beginning of the end of the …
Read More »Will the EU’s Renewables Directive Change the Landscape for Forest Biomass?
A provisional agreement on the Renewable Energy Directive (REDIII) was reached between the European Council, European Parliament, and the European Commission on 30 March 2023. REDIII is part of the ‘Fit for 55’ package, bringing EU legislation in line with the 2030 greenhouse gas emission reduction goal. Biomass currently contributes …
Read More »London Looks to become First Net-Zero Financial Hub
The government released its long-awaited Green Finance Strategy on Thursday, announcing a widespread review of policies and regulations as it seeks to channel investment towards the green economy. The delayed report sets out proposals to pursue the government’s ambition of making London the world’s first net zero aligned financial centre. …
Read More »The next Chapter in Europe Energy Crisis
Europe has negotiated through the winter of a crisis that threatened to choke energy supplies and overwhelm its economy, but officials are warning that the squeeze may not yet be over. Fears of blackouts and freezing homes have faded for now, and gas reserves remain far fuller than normal. The …
Read More »Azerbaijan Cements its Position in Europe’s Green Energy Market
On February 13, the groundbreaking ceremony was held in Baku for the largest thermal power station (TSP) yet to be built in Azerbaijan with a planned capacity of 1,280 megawatts (MW) (Apa.az, February 13). The project’s total value is estimated at around $400 million, which is two to three times …
Read More »The Inconvenient Truth about EU’s Climate and Energy Ambition
Europe feels pretty strained lately, torn between the cost of living crisis, the fossil fuel prices crisis and increasing climate impacts. And we have seen European capitals at work trying to answer to immediate crises, while sometimes forgetting that the quick responses should pave the way for the longer transformation …
Read More »The Impressive Impact of Clean Energy Projects on Global Emissions in 2022
According to a recent International Energy Agency (IEA) report, carbon emissions in 2022 rose by less than was feared, largely thanks to a multitude of new green energy projects worldwide. Carbon dioxide emissions worldwide increased by under 1 percent in 2022, or 321 million tonnes, lower than initially anticipated, according …
Read More »Cybersecurity is Becoming a Priority for GCC Nations
With global geopolitical instability elevating the threat of cyberattacks against businesses and government agencies, the six countries of the GCC are rapidly building more robust and comprehensive cybersecurity strategies to respond to the evolving nature of cyberthreats. In a January 2023 survey of 117 global leaders from 32 countries and …
Read More »WoodMac: 2022 Best Year in a Decade for New Global Oil and Gas Discoveries
Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade. Analysis carried out by Wood Mackenzie shows the sector created at least $33 billion of value, and achieved full-cycle returns of 22%, at $60 …
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