Leaders from across the energy sector praised measures outlined in the Queen’s Speech to accelerate renewables and net zero efforts, but decried a lack of efficiency measures and short-term support for consumers.
The reduction in fuel duty announced in the Chancellor’s spring statement highlights that in the short to medium term he will have to wrestle with the re-emergence of the energy trilemma: simply put, how does the government address the competing demands of energy affordability, energy security and sustainability?
‘Big four’ accountancy firm EY has launched a new division to support listed companies preparing net zero plans ahead of next year’s deadline.
On July 14, 2021 the EU unveiled its much anticipated ‘Fit for 55’ package of proposals to align the trading block with its 2030 emission reduction targets.
Simec Atlantis Energy shares have slumped in early trading after it called an emergency meeting to raise £341,000 to pay out a shareholder and replace its auditor, EY.
It seems fitting that the UK Government chose to round off its 10 Point Plan with a focus on what will fuel the energy transition – cold hard cash.
Environmental, social and governance (ESG) criteria have quickly risen up the list of key priorities for businesses in recent years.
The role that carbon capture utilisation and storage (CCUS) will have to play in the future energy mix currently splits opinion.
Though the energy system of the future will be a far cry from the one in place today, the demands of it will be broadly the same.
The EU Commission has announced a package of measures to enable the trading bloc to meet its 55% greenhouse gas emission reduction target that it has set itself for 2030.
The “big four” accountancy firm KPMG has appointed a former oil and gas partner at rival EY to its energy practice.
Advancements in international trade and travel in the last century mean that many enjoy a life that would have once been unimaginable.
Behavioural changes amongst the public have a key part to play in reaching net zero by 2050.
International banks are increasingly reluctant to commit to African projects, although domestic banks are growing with an eye on filling this gap.
The person in the street may not regard the 19th of May as a date of any real significance.
For the majority of people, the most obvious impact of the energy transition will be on transportation.
The success of the hit 2019 TV series Chernobyl has done the reputation of nuclear power no favours.
3t Energy has appointed a new finance director for its training division with the goal of driving “ambitious” global growth plans.
A senior boss at Chrysaor has projected a “huge amount of activity in the North Sea” for offshore platform electrification in the coming years.
The “stage is being set” for a UK North Sea recovery from the second half of this year, according to the flagship oilfield services report (OFS) from EY.
New changes for decommissioning tax rules will help end “areas of dispute” between the industry and UK government, according to a leading expert.
Westminster is being urged to ensure that plans for net zero remain a “top priority” for businesses and society in its upcoming spring budget.
Hydrogen is sometimes seen as a panacea for all problems and challenges that the energy transition may pose. But is it all it’s cracked up to be? And what colour hydrogen is the best colour?
Earlier this month saw the EU Emissions Trading Scheme (EU ETS) daily carbon price hit €40. The EU ETS has been in place since 2005 and covers power and heat generation; energy-intensive industry sectors (including oil refineries, steel works and production of iron, cement, etc); and commercial aviation. For many years the carbon price traded below €10 but since 2018 the price had increased more than three-fold.
Economists have long been familiar with the concept of “negative externalities”, which may be defined as a cost that is suffered by a third party as a consequence of an economic transaction.