ISSN 2753-7757 (Online)

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Fossil fuels

Head and shoulders photo of Bob Ward

22/3/2023 Comment / Bob Ward

Fossil fuel companies must become part of the solution instead of part of the problem

The fossil fuels industry needs to demonstrate greater leadership and should be at the forefront of a rapid but orderly transition to a net zero energy system in the UK and around the world, argues Bob Ward FEI, Policy and Communications Director at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science.

Oil and gas

Close up of offshore platform

13/9/2023 News

UK North Sea emissions down three years in a row

Greenhouse gas (GHG) emissions from UK offshore oil and gas production were cut for the third consecutive year in 2022 as the sector continued its drive to reach net zero by 2050, according to the North Sea Transition Authority (NSTA). Meanwhile, Norway and the UK are reportedly ‘on course to achieve significant milestones’ following increased investments, exploration success and production.

Carbon emissions

Aerial view of tree canopy with a river running through alongside a road

31/7/2024 News

Carbon removal sector in danger of missing Paris Agreement goal

The global carbon removal industry is lagging behind where it needs to be in order to meet the 1.5°C Paris Agreement target, according to a new independent assessment. Meanwhile, the National Audit Office reports it is ‘critical’ that the UK government’s carbon capture, use and storage (CCUS) programme succeeds if the country is to achieve its net zero by 2050 ambitions.

Net zero / decarbonisation / energy transition

Head and shoulders picture of John Barrett, UK Centre for Research into Energy Demand Solutions

13/7/2022 Comment / John Barrett

The urgent need to reduce our energy demand

It’s a combination of reducing demand, together with broader social changes, that is needed for countries to deliver on net zero ambitions, writes John Barrett of the UK’s Centre for Research into Energy Demand Solutions (CREDS).

Emissions mitigation

Electricity pylons and cables in front of chimneys emitting smoke

15/3/2023 News

Report calls for urgent industry decarbonisation ramp up

Without decarbonisation intervention, industrial emissions will grow from 6.7bn tonnes of CO₂ this year to 7.6bn tonnes of CO₂/y by 2050, according to a new report from BloombergNEF (BNEF). Further analysis from BNEF has also found that at least $21.4tn will need to be invested in the electricity grid by 2050 to support a net zero trajectory for the world.

Methane

Engineer monitoring methane emissions

16/3/2022 News

OGCI aims for zero methane emissions from oil and gas operations by 2030

The Oil and Gas Climate Initiative (OGCI) has launched an Aiming for Zero Methane Emissions Initiative which calls for an all-in approach that treats energy industry methane emissions as seriously as the industry treats safety.

Carbon emissions

Sunlight through a dense forest

1/2/2023 News

Carbon offset market could reach $1tn with ‘right rules’

Doubts over carbon offset credit quality and climate impact have given investors pause for thought, but long-term demand could still drive massive growth, reports BloombergNEF (BNEF).

Greenhouse gases

Distant view of oil sand operations showing plant and cranes and vapour cloud from stack

13/11/2024 News

Canada introduces draft regulations to cap oil and gas emissions

The Canadian government has introduced draft regulations to cap greenhouse gas (GHG) emissions from the oil and gas sector. The proposed new cap-and-trade system aims to reduce emissions by 35% below 2019 levels.

Carbon emissions

Close up view of trunk of tree looking up to rainforest canopy

25/1/2023 News

More than 90% of rainforest carbon offsets by biggest provider are ‘worthless’, according to new research

Rainforest carbon offsets approved by Verra and used by big corporations such as Disney, Shell and Gucci are largely ‘worthless and could make global heating worse’, according to a new investigation undertaken by The Guardian newspaper, the German weekly Die Zeit and SourceMaterial, a non-profit investigative journalism organisation.

Methane

Satellite in orbit around Earth

22/11/2023 News

EU aims to regulate methane emissions in Europe and global supply chains

A new European Union (EU) regulation aims to reduce energy sector methane emissions in Europe and in its global supply chains, obliging the oil, gas and coal industry to properly measure, monitor, report, verify and reduce methane emissions.

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