Western countries’ unilateral sanctions slapped Moscow with ignite even more man-made carbon dioxide emissions from the shipping industry as Europe rejiggers energy supply chains away from Russia by sourcing energy products from far away. Jan Dieleman, Cargill Inc.’s head of ocean transportation business, told Bloomberg that European importers are hiring …
Read More »In Europe, the Path to Net-Zero Goes through the North Sea
Earlier this month, energy leaders from across the world descended on Stavanger, Norway, for the annual Offshore Northern Seas (ONS) conference. The focus of this year’s event was clear: how we can accelerate Europe’s transition to a low-carbon future while at the same time ensuring a reliable and affordable energy …
Read More »Saudi Aramco Betting Big on Carbon Storage
Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050. The company is looking to capture carbon dioxide emitted by processes that convert natural gas …
Read More »Green Hydrogen can Help Latin America’s Energy Transition
With countries and energy companies around the world looking to accelerate their transitions towards cleaner energy resources, Latin American nations are developing plans to scale up the production, consumption and export of so-called green hydrogen, which is generated from clean energy resources. One of the most recent, high-profile developments came …
Read More »EU’s Return to Coal Shows Double Standard on Carbon Reduction
Many European countries have recently announced the reopening of coal power plants as gas supplies from Russia have slumped amid European Union sanctions. Such measures are hindering the bloc’s goal of reaching carbon neutrality by 2050, demonstrating the EU’s double standards on reducing emissions. Reversed Measures Many European countries, including …
Read More »IEA: “Capital Spending is Insufficient to Tackle the Energy and Climate Crises”
The current level of global capital spending is still far from sufficient to combat the energy and climate crises. That’s one of the findings of the new report by the International Energy Agency (IEA) which estimates that global energy investment is set to increase by 8% this year to reach …
Read More »Germany Sticks to 2030 Coal Exit Target amid Energy Worries
The German government said that it remains committed to its goal of phasing out coal as a power source by 2030, despite deepening worries about a cut in Russia’s gas supplies. Russia’s Gazprom announced last week that it was sharply reducing supplies through the Nord Stream 1 pipeline to Germany …
Read More »U.S., EU and Japan Eye Curbing Methane Emissions in Oil and Gas Sector
The United States, the European Union and countries such as Japan have agreed to enhance efforts to achieve a goal of reducing global methane emissions by at least 30% by 2030, targeting emissions in the oil and gas sector. Under the Global Methane Pledge Energy Pathway launched Friday, nations are …
Read More »China Ramps up Coal Power to Boost Post-Lockdown Growth
At the end of 2021, authorities in the northern Chinese province of Shanxi fined one of China’s biggest coal companies for illegally mining at more than 50 sites. Jinneng Holding Shanxi Coal Industry had flouted strict production limits, introduced following a series of mining accidents across the country. In one …
Read More »Urgent Action Needed if Ireland to Meet Climate Targets
Urgent and additional measures are needed if Ireland is to meet the climate targets it has set for itself, the country’s Environmental Protection Agency (EPA) has said in a newly released report. According to the EPA’s greenhouse gas emissions projections 2021-2040, published on Wednesday (1 June), “urgent implementation of all …
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