By Professor Paul de Leeuw, Energy Transition Institute, Robert Gordon University
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Climate scientists are warning that 2024 is on track to be the warmest year on record. Global temperatures are likely to exceed those in 2023 and every single month since June 2023 has ranked as the world’s warmest compared to pre-industrial levels.
Well management firm Exceed has achieved record-breaking turnover in the past year, with 50% of the company's revenues coming from energy transition activity.
Now that Repsol has settled its spat with Sinopec, the company has admitted it is “reviewing” its structure, with nearly 100 jobs expected to go. It set out plans recently for more activity, striking a slightly unusual tone – and failing to blame the windfall tax, unlike many of its contemporaries.
Decarbonising the UK heat sector will be crucial to achieving net zero targets, but within that challenge firms are also seeing lucrative opportunities.
Sea trade is under massive pressure to change as the global population of 61,000 ships collectively weighing in at over 2.1 billion tons deadweight is responsible for over 3% of current CO2 emissions and still rising.
As the country recovers from Storm Babet and more adverse weather conditions are set to hit the UK as it goes into winter, the NZTC’s Lewis Harper asks if increased flaring offshore can reduce emissions.
The UK’s energy regulator is looking into how to get households to use less when demand peaks or there’s little wind power, as part of efforts to decarbonise the grid.
By Mark Stewart, Partner, Corporate Finance and Head of Energy, Infrastructure and Sustainability at Johnston Carmichael
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Notwithstanding all the rhetoric, pledges and promises, 27 COPs, as well as genuine progress and notable effort in some areas, the global energy mix has not really changed from an 80:20 fossil fuel to renewables ratio over the last 30 years.
The Western Australian government today signed a new Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) covering hydrogen, ammonia, low emission technology and decarbonisation.
In recent years the debate around carbon capture utilisation and storage (CCUS) has gained traction in Southeast Asia. However, the establishment of CCUS in the region is likely to be limited to gas processing and some industrial applications, reckons the Institute for Energy Economics and Financial Analysis (IEEFA).
ExxonMobil (NYSE:XOM) and Pertamina, the state-owned energy company of Indonesia, have signed a joint study agreement to assess the potential for large-scale implementation of lower-emissions technologies, including carbon capture and storage (CCS), as well as hydrogen production.
Energy chiefs have given reassurance that while the pipeline of carbon capture and storage (CCS) projects is currently “modest”, it is “growing rapidly”.