The UK is set to exceed its GHG emissions target for the period 2033-2037 by 37%, a conference in London heard Tuesday.
Oman's energy transition cannot happen without oil and gas still playing a role, delegates said at an Oman energy show this week.
There are still barriers to a full hydrogen value chain and economy taking off, delegates said at the Oman Petroleum and Energy Show.
Oman's energy transition will take longer than expected, a government official said on the opening day of the Oman Petroleum and Energy Show.
In the upcoming tender, Ancap will offer four blocks for companies to install renewable energy to make green hydrogen.
Renewable energy expanded by 50 percent last year, and explosive growth is expected to continue this decade, according to the IEA. The switch to renewables is still not happening fast enough, but the tripling of capacity by 2030 is possible.
U.N. Executive Secretary Simon Stiell urged countries to remove obstacles in the COP28 negotiations or “risk ruining the outcome for everyone.”
Climate activists at COP28 are calling for a phasing out of fossil fuels such as LNG and for them to be replaced them with renewable sources such as wind and solar energy.
In a letter to COP28 President Sultan Al Jaber, they called for an “orderly phase out of all fossil fuels in a just & equitable way, in line with a 1.5C trajectory.”
Spain joined the alliance against gas and oil that it rejected two years ago. Kenya and Samoa also joined, it was announced at COP28.
Negotiators have begun to address one of the most important tasks of COP28, the global stocktake assessment process.
Renewable energy capacity additions are set to increase by a record 107 GW year on year to reach 440 GW globally in 2023, an IEA report said.
The head of the International Energy Agency Faith Birol said that the oil and gas industry needs to slash emissions from its operations and show that it is serious at the COP28 summit.
Hydrogen is a strategic pillar in the energy transition plans of state-controlled Ecopetrol in Colombia and now the firm is exploring the potential of the "white" variety.
State-controlled Ecopetrol believes the marriage of gas development and renewable power would help Colombia to meet growing gas demand while shifting more of its power generation to renewable sources.
The oil and gas industry in Colombia is on tenterhooks as the government decides whether to allow new exploration contracts or not, as it moves away from fossil fuels.