Decarbonization

BP and TotalEnergies were the only successful bidders in a recent offshore German wind auction after offering billions of euros in ‘top up’ payments to the government. This has raised concerns that oil and gas majors will outbid utilities in forthcoming auctions with end-users ultimately footing the bill.

The French government has launched an ambitious public consultation to phase out fossil fuel heating in buildings and drive building decarbonization.

The complete decarbonization of Italy’s power sector by 2035 is achievable but requires a massive ramp-up of installed renewable capacity in the coming decade, environmental groups said.