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...The EU must wean itself off Russian nuclear fuel “as fast as possible”, Belgian’s prime minister has said, to stop a renaissance in Europe’s interest for the low-carbon energy inflating Moscow’s war chest...
...The Department for Energy Security and Net Zero said: “We have a clear strategy to boost UK industry and reach net zero by 2050 — backed by £200bn in low-carbon investment since 2010, with a further £100bn...
...I stick with UK clean energy progress in today’s newsletter, looking at efforts to get carbon capture and storage projects off the ground....
...More companies were competing for a limited supply of biomass, Kahsar said. “Maybe you can find some extra waste to turn into bio-oil and sequestration that in Kansas,” he added....
...On Thursday, the US Department of Energy announced a new plan to encourage investment in carbon removal: it will set up a “leaderboard” to highlight the companies making the biggest purchases in the space...
...on supporting a low-carbon future....
...Low-carbon technologies are available, according to the International Energy Agency, but are not being taken up, with the result that emissions continue to rise....
...The cost of UK carbon emissions permits has fallen to an all-time low, raising fears it will weaken the incentive to build cleaner renewable energy sources....
...“It [AI] analyses past energy performance and operation to produce optimised running schedules to lower energy costs and carbon emissions,” Mabey explains....
...It should be no surprise that the carbon market is also prone to this phenomenon. The cost of emitting CO₂ in Europe has crashed over the past year, sowing the seeds of a future carbon crunch....
...As well as electricity, some may be able to supply low-carbon heat, opening up a large source of revenue and a big advantage in a low-carbon energy system....
...And momentum is growing, with world leaders attending a first-of-a-kind Nuclear Energy Summit this week in Brussels, to discuss funding for the industry’s expansion, with the International Atomic Energy...
...The UAE’s state energy company has bought a 10.1 per cent stake in Storegga, the lead developer of the UK’s Acorn carbon capture project that is planned near Aberdeen....
...Of all the ways to align your portfolio with the energy transition, one rather obvious one remains curiously neglected by most investors: regulated carbon markets....
...A new EU carbon tax on electricity will lead to increased CO₂ emissions in Europe and cause a jump in prices for consumers in the bloc, the energy industry has warned....
...The new US agency, known as the Office of Clean Energy Demonstrations within the Department of Energy, also awarded German cement manufacturer Heidelberg Materials up to $500mn to install carbon capture...
...In May 2021, a Dutch court ruled that Shell must reduce its carbon emissions in line with the Paris accord....
...The world’s carbon dioxide emissions from energy rose yet again to a new high in 2023 despite fossil fuel use falling in the advanced economies of the EU and US, the latest International Energy Agency report...
...A new proposal to boost wind power would “prioritise” green industries to achieve carbon neutrality....
...The ETS permit glut has also been intensified as the EU sells extra carbon permits to fund the energy transition....
...The proposed deal would exclude Eni’s carbon capture and Irish Sea assets, Ithaca added in a statement on Wednesday....
...That will only be possible if carbon emissions from the energy system, currently running at about 34 gigatonnes a year, fall rapidly to reach net zero by around 2050....
...While geothermal energy has been around for more than a century, its contribution to renewable deployment has been minimal and limited by geography....
...They will need to mandate carbon reductions rather than hoping that the market delivers them on its own....
...The introduction of a carbon tax system in Austria as part of its “eco-social” reform programme meant the carbon cost was balanced by a “climate bonus” to compensate low-income households....
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