Two dozen LNG projects are in the works in the U.S., but the rush for gas is both a financial and a climate risk, according to two new reports.

The second largest city in the U.S. will ban gas in new homes and businesses, part of a growing movement to halt the growth of gas.

Denmark’s plans to export renewables to North West Europe via energy islands in the North and Baltic Seas are beginning to look increasingly promising following growing political support to tackle energy security and volatile prices due to the Ukraine war.

A handful of governments have decided to restrict oil and gas development. But climate targets mean that many more will need to follow.

Inflationary pressures are making investment in low carbon solutions more expensive, while ESG concerns mean many O&G companies are also avoiding an increase in hydrocarbon investment.

Europe has unveiled new plans to speed up renewables, while the U.S. sees headwinds.

Even burning just the oil, gas, and coal in existing fields and mines would far exceed the carbon budget for a 50% chance of staying below 1.5°C warming, a new report has found.

UN Secretary-General António Guterres has proposed what he calls “five critical actions” to jump-start the energy transition, including phasing out subsidies for fossil fuels and tripling private and public investments in renewables to at least US$ 4 trillion dollars a year.

Plans for large-scale green hydrogen blending using existing natural gas infrastructure is at best a “highly inefficient solution for power generation and heating,” according to the Energy Innovation paper.

The declining cost of renewable energy technologies and battery storage coupled with rising volatility in prices for fossil gas has boosted the economics of renewables further. Analysis carried out by TransitionZero found it is now cheaper to switch from coal to green than from coal to gas in power generation.