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carbon

Other News

Labour ‘would create one million green jobs’

A Labour government would bring in a legal target to slash carbon emissions from the power sector and improve energy efficiency for five million homes, as it seeks to create a million new “green” jobs. Setting out details of Labour’s “green plan”, shadow energy and climate change secretary Caroline Flint said that “building a more equal society means tackling climate change and protecting nature”. The plan includes a legally binding target to decarbonise electricity supplies by 2030, delivering energy efficiency upgrades to at least five million homes over 10 years and developing a green industrial strategy to create a million new jobs.

Renewables/Energy Transition

UK and Scottish Government gives funding for CCS power station

A project for a coal-fuelled power station with carbon capture and storage (CSS) technology at Grangemouth has secured £4.2 million from the Scottish and UK governments. The money has been awarded to the Seattle-based Summit Power Group for research and feasibility studies for its proposed Caledonia Clean Energy Project. The 570 MW coal-gasification station would be fitted with CCS technology, which captures emissions from fossil fuel power plants and permanently stores them underground. The scheme’s backers said it was designed to capture 90% of CO2 emissions, which would then be carried along existing on-shore and sub-sea pipelines to be permanently stored 2km beneath the North Sea.

Other News

Emission charge calls to help meet climate change target

The Scottish Government should consider introducing congestion charging to help meet its climate change targets, according to a report. The paper prepared by the independent Committee on Climate Change (CCC) said stronger policies are needed in areas such as transport, renewable heat, agriculture and forestry if targets are to be met in future. It warned that plans to cut air passenger duty by 50% when it is devolved to Holyrood could lead to increased carbon emissions and called for a re-evaluation of speed limits.

Renewables/Energy Transition

North-east can play a big role in CCS, seminar delegates will hear

The north-east can become a carbon capture and storage (CCS) “powerhouse” of Europe, benefiting from job creation and other economic rewards as the fledgling industry takes off, seminar delegates will hear today. Chaired by Aberdeen Harbour Board chief executive Colin Parker, the event throws the spotlight on new CCS opportunities facing the region as it battles to overcome a big slump in oil prices. But it will also highlight concerns about the dangers of any sluggish action from Westminster in getting projects off the ground.

Renewables/Energy Transition

DECC creates £2.5million fund for CO2 storage in the North Sea

The DECC (Department for Energy and Climate Change) has made £2.5million cash pot available to encourage the development of CO2 storage in the North Sea. The money will help companies to identify the next phase of sites under the sea to store C02 emissions from coal and gas power stations as well as heavy industry such as steel and cement factories. The DECC will provide the cash from its Innovation Fund, and it will be delivered by the ETI (Energy Technologies Institute).

Markets

Carbon companies ordered into liquidation

Carbon copy investment companies found by a court to have misled clients have been ordered into liquidation. Both Carbon Green Capital and Agora Capital were found by the High Court in London to have made false claims about investment returns. A petition against the companies was presented to the High Court by the Secretary for Business, Innovation and Skills, Vince Cable. The companies were accused of selling carbon credit investments which were misleading, raking in almost £1million in profit. Chris Mayhew, Company Investigations Supervisor, said: “This formally brings to an end the activities of two heartless companies that claimed to pride themselves on the investment returns for clients but who in truth were peddling near worthless carbon credits, which in some instances they even failed to supply, raising approaching £1million from the public”. “Far from the claimed world class investment services dedicated to helping clients, these companies were dedicated only to helping themselves. “I would once more urge investors not to respond to cold calling investment sharks as you stand to gain nothing and risk losing everything. Simply end the call, not your savings. “The Insolvency Service will not allow rogue companies to rip-off vulnerable and honest people and will investigate abuses and close down companies if they are found to be operating or about to operate, against the public interest."

Europe

North Sea collaboration could cut carbon emissions

Collaboration by North Sea states will help tackle Europe’s carbon emissions, an international gathering of CCS (Carbon Capture and Storage) emission experts will hear. The SCCS (Scottish Carbon and Capture Storage) annual conference will tell politicians, industry experts and academics that the combined efforts of the industry could see hundreds of years’ worth of Europe’s carbon emissions stored.

Oil & Gas

University joins carbon capture partnership

A Scottish university has joined the largest carbon capture and storage (CCS) research partnership in the UK. Scientists from the University of Strathclyde will join fellow researchers within the Scottish Carbon Capture & Storage (SCCS) partnership, providing expertise in areas including carbon dioxide transport and environment impact analysis.