Energy transition
The European Commission (EC) has come under fire for trying to weaken the EU’s Emissions Trading System (EU ETS) following pressure from heavy industry and some Member States alike. Yet the jury is still out on how far the proposed changes really go and what the final outcome will be when EU legislators try to hammer out a final deal this autumn and winter.
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The new parliament that will emerge from the election could bring new challenges for the bloc’s energy policy, putting the future of the EU Green Deal in doubt.
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 call comes amid the rapid expansion of German LNG import capacity in the wake of the Ukraine war.
The Netherlands wants to achieve 21 GW offshore of wind capacity by the end of 2031, a target deemed ambitious yet achievable. All eyes are now on the country’s next offshore wind tender which will take place at the end of February.
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.
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The UK is set to exceed its GHG emissions target for the period 2033-2037 by 37%, a conference in London heard Tuesday.
Opinion
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Repsol said the flow of cash will help its strategic goal of investing 35% of its capital expenditure, or 5.5 billion euros, in low carbon projects in the 2021-2025 period.