Greenpeace Suing EU Over ‘Fake’ Green Label for Gas and Nuclear
Greenpeace said it’s suing the European Union’s executive over its decision to grant some gas and nuclear power stations a “fake” green label under EU sustainable finance rules.
nuclear
Confirmation of nuclear as environmentally sustainable removes uncertainty – now to build confidence
In the Spring Budget, the Chancellor confirmed nuclear as “environmentally sustainable” removing an element of uncertainty which will enable the UK to plan and finance nuclear energy infrastructure in the long term. However, building confidence in technology and equipment will be key for the UK Government in delivering new nuclear power generation.
Eliminate nuclear and gas? More questions than answers on Scotland’s baseload power
Brian Wilson takes a look at a recent Scottish Parliament committee, which had plenty of "possibilities and doubts" on the future but not a firm agenda on replacing Scotland's energy supply.
Energy Security Day: Acorn CCS ‘leading contender’ for Track 2 funding, says UK Gov
The Acorn Carbon Capture and Storage (CCS) project in Aberdeenshire is a “leading contender” for development in a newly-launched funding round, the UK Government said today.
UK labels nuclear power ‘green’ to attract climate-friendly capital
Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.
Taiwan commits to net-zero carbon emissions by 2050
Taiwanese President Tsai Ing-wen last week signed a major climate change law that introduces a net-zero carbon target for 2050 and a carbon fee system for large emitters.
EDF reports record loss after nuclear output choked by repairs
Electricite de France reported a historic loss for 2022 after repairs choked its nuclear output, but the utility predicted a significant rebound in earnings this year as production recovers.
Renewable power competitiveness in Asia Pacific worsened in 2022
The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. However, China was insulated from the trend.
UK Power Grid Tightens as Wind Drops But Mild Weather Eases Strain
Britain’s power traders are facing dips in wind and nuclear power that are set to tighten the country’s grid, but mild weather will ease the strain.
South Korea curbs plans for renewables in push for more nuclear
South Korea will boost nuclear power generation and downgrade its plans for renewable energy as the nation overhauls its electricity mix to meet emissions reduction targets.
Crumbling nuclear plant may fuel Philippines after 36-year delay
A nuclear power plant on the Philippines’ western coast has sat idle for nearly four decades, costing billions of dollars and never producing a watt of electricity. Now, it’s at the center of a debate over whether the nation should finally adopt atomic energy.
Government go ahead for Sizewell C nuclear power station
The Government is to press ahead with building a new nuclear power plant at Sizewell C in Suffolk, the Chancellor announced.
Biden, Jokowi unveil $20bn deal to end coal and speed up net zero push in Indonesia
US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
Grant Shapps: A look at the new business and energy secretary’s policy record
From energy rationing to onshore wind, the newly appointed business and energy secretary, Grant Shapps, has voiced opinions on a range of topics in the sector.
Sunak reinstates fracking ban in reversal of Liz Truss policy
Rishi Sunak has reinstated a ban on fracking in England, in a reversal of his predecessor Liz Truss’ policy.
UN manipulates climate change debate in partnership with Google
Melissa Fleming, UN under-secretary-general for global communications reported last month about how the UN has partnered with Google (NASDAQ:GOOGL) to manipulate search results on climate change. “We own the science,” said Fleming, who has no meaningful scientific training.
Nuclear plant braces as super typhoon barrels toward South Korea
A nuclear plant and industrial giants in South Korea began taking precautions with the most powerful storm in the nation’s history poised to make landfall early Tuesday, after disrupting ports and air traffic across China and Japan.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
Breakthrough technology investment key to solving energy trilemma
Surging oil and gas prices and European supply uncertainty resulting from Russia’s ongoing attacks on Ukraine are the latest examples of the challenges and risks of global fossil fuel dependency.
Newly elected Philippines President eyes renewables and nuclear as LNG prices soar
Newly elected President Ferdinand Marcos Jr reiterated his support for more renewable energy, as well as nuclear power, and natural gas, in the Philippines, one of Southeast Asia’s fastest growing economies. The news comes as plans to import maiden liquefied natural gas (LNG) cargoes into the country have stuttered due to surging global prices.
Nuclear and renewables to edge out LNG in South Korea
A potential resurgence in nuclear power combined with increasing renewable energy capacity could see less liquefied natural gas (LNG) fueled power projects built in South Korea than previously anticipated.
Coal plus renewables will shape energy transition in Asia as $2.9tn in power investment eyed
The coal plus renewables energy transition led by Asia Pacific’s largest growth markets – China and India – is gathering speed. Significantly, it is a lot cheaper than the natural gas plus renewables path followed by the EU and US to lower emissions.
Big finance and activists slam ‘disappointing’ EU gas vote
Europe has botched an historic opportunity to create a global benchmark for sustainable investing after agreeing to treat gas as a green asset, according to bankers, investors, climate activists and their lawyers.
France seeks to nationalise nuclear giant EDF to ride out energy crisis
The French government will nationalise its financially-struggling nuclear giant Electricite de France to help it ride out Europe’s worst energy crisis in a generation.
Scotland’s nuclear debate lacks ‘detailed facts’ needed to ensure energy security
Obsolete and bad information is plaguing the debate around new nuclear power developments in Scotland, according to one of the UK’s leading energy lawyers.