Energy in Demand News, May 12, 2024

In the energy transition governments have been losing fuel duties in the shift away from combustion engines. The Financial Times (behind a paywall) writes that, globally, policymakers are imposing new taxes on electric vehicles because last year there was a drop in receipts of $10 billion. The net loss is projected to rise to $110 … Continue reading Energy in Demand News, May 12, 2024

The world’s largest carbon-capture plant just switched on

After decades of hype and doubt, giant factories that can pull thousands of tonnes of carbon dioxide out of the atmosphere are starting to spin up. Experts say we’ll need carbon capture to offset stubborn emissions that can’t easily be cut with existing green technology. In an article on the CNN website, Laura Paddison discusses … Continue reading The world’s largest carbon-capture plant just switched on

The European Commission’s approach to industrial carbon management

In February, the European Commission published its new approach to industrial carbon management. The following is the press release from February 6th (edited by EiD concerning dates).   Commission sets out how to sustainably capture, store and use carbon to reach climate neutrality by 2050 The European Union is committed to reaching ‘net zero' CO2 … Continue reading The European Commission’s approach to industrial carbon management

Countries around the world hit a turning point for renewable energy but the US is falling behind

Justine Calma writes on The Verge website about the energy transition and the US’s continuing reliance on natural gas. Without the US electricity generation from gas would have fallen globally in 2023.   The US is propping up gas while the world moves to renewable energy The amount of electricity and greenhouse gas emissions from … Continue reading Countries around the world hit a turning point for renewable energy but the US is falling behind

Blog by Jane Marsh: Coal transition can only occur through energy diversification

Coal miners feel antiquated in light of the renewable revolution, yet the fossil fuel still accounts for a significant portion of the world’s energy consumption. The only way to ensure coal’s exit is to diversify energy assets. A smooth shift analyzes the modern coal landscape, workers and legislation. Overcoming challenges while introducing varied alternatives is … Continue reading Blog by Jane Marsh: Coal transition can only occur through energy diversification

Importance of reducing energy demand and improving energy efficiency

In an article on The Conversation website, Louis Fletcher, Research Fellow in the Geopolitics of Energy, Warwick Business School, University of Warwick argues for a demand-side approach to energy security.   Reducing energy demand and improving efficiency will help prevent the next gas crisis Gas prices have relaxed, Europe has come out of the winter … Continue reading Importance of reducing energy demand and improving energy efficiency

Energy in Demand News, May 5, 2024

A three year US congressional investigation finds that the world’s largest oil groups had privately acknowledged for decades that burning fossil fuels causes climate change. The findings followed a three-year probe that unearthed internal documents from the major energy companies with evidence of concerted campaigns “to confuse and mislead the public while working unceasingly to … Continue reading Energy in Demand News, May 5, 2024

Expected impact of the EU Net-Zero Industry Act

The EU’s Net-Zero Industry Act (NZIA) will have little impact on Europe’s target to produce more technologies needed for the energy transition, experts argue that a new large-scale initiative was necessary after the EU elections. Jonathan Packroff discusses what the experts said in an article on the Euractiv website.   Europe’s net-zero industry law will … Continue reading Expected impact of the EU Net-Zero Industry Act

For shipping to keep within its carbon budget, all available levers will need to be actioned at different points in time over the next three decades

Bureau Veritas (BV) has recently published a report outlining potential decarbonization trajectories for the maritime industry through five distinct scenarios. Paul Delouche, the Strategy, Acquisitions, and Advanced Services Director at Bureau Veritas Marine & Offshore discusses the report in an article on the Maritime Executive website. For those not familiar with energy insetting, the concept … Continue reading For shipping to keep within its carbon budget, all available levers will need to be actioned at different points in time over the next three decades

Too little, too late: G7 climate commitments fall short

Climate and energy ministers from G7 nations agreed a coal exit deadline – with a caveat, but made little progress on other fossil fuels and finance. Matteo Civillini discusses the results of the meeting in an article on the Climate Home News website.   G7 offers tepid response to appeal for “bolder” climate action When … Continue reading Too little, too late: G7 climate commitments fall short