Beatrice Bedeschi
Beatrice has covered various roles at price reporting agencies, newswires and print and online media for the past two decades. A native Italian speaker, she is currently based in the UK. Beatrice writes mostly about Europe for Gas Outlook.
The climate litigation victory is significant for a country that has been warming at more than twice the global rate in recent years.
The move comes as experts warn of a growing “reputational risk” for institutions like Cambridge University if they collaborate with oil and gas companies.
The Trafigura-Greenergy deal highlights the growing importance of biofuels in the UK and European landscape, experts said.
The UK government said in February that the country will leave the Energy Charter Treaty (ECT) after the failure of efforts to align it with net zero, joining nine EU Member States including France, Spain and the Netherlands.
The ExxonMobil lawsuit represents a first of its kind but is happening against the backdrop of a wider pushback against climate activism by energy companies.
Critics say the EU’s new emissions reduction strategy focuses too heavily on unproven carbon capture technologies.
The call comes amid the rapid expansion of German LNG import capacity in the wake of the Ukraine war.
The UK government has set a sustainable aviation fuels target of 10% jet fuel from sustainable feedstocks by 2025, which amounts to 1.2 million tonnes/year.
Over-reliance on CCS in decarbonisation plans might prolong the role of fossil fuels in economies, experts warned.
With buildings responsible for around 40% of EU energy consumption, a new agreement to phase out fossil fuels buildings emissions marks progress.