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UK energy sector unites behind calls to grant ofgem ‘net zero mandate'

Carbon Emissions

UK energy sector unites behind calls to grant ofgem ‘net zero mandate'

Climate Policy
2022-12-20

Flanders Considers Banning Combustion Vehicles From 2035
From 2031, diesel cars will no longer be allowed to enter the environmental zones of the Flemish cities of Antwerp and Ghent, and from 2035 no petrol cars will be allowed either. This means that the tightening of the environmental zones there will be some
Energy Taxation
2022-12-18

Inflation Reduction Act: What Manufacturers Need To Know About New Clean Energy Tax Credits
Inside a JinkoSolar Smart Facility (Courtesy: JinkoSolar)Manufacturers should consider seeking Section 48C Advanced Energy Project Credit allocations, recently provided by the Inflation Reduction Act, with guidance coming out in February 2023. Capped at $
Nuclear Power Plant
2022-12-18

ACORE Encourages Diversity In Domestic Solar Manufacturing Buildout
As the U.S. renewable energy economy expands, intentional commitments for equitable economic and workforce development will be critical to achieving the nation’s just transition objectives and building a diverse domestic manufacturing supply cha
United States
2022-12-16

ACP: US Government Is Helping Utilities Lower Costs For Consumers
Cover of the Clean Energy Investing in America report from the American Clean Power Association (ACP).In just the last three months, over $40 billion of new grid-scale clean energy investments have been announced, a new report from the American Clean Powe
Offshore Wind Power
2022-12-16

New Zealand Gov’t Plans to Have Offshore Renewables Regulations In Place by 2024, Temporarily Halts Granting Oil Exploration Permits
Ensuring we have the right settings in place to encourage development of offshore renewable infrastructure will enable us to deliver net zero emissions by 2050. – Megan Woods, New Zealand Energy and Resources MinisterNew Zealand’s Gove
Nuclear Policy
2022-12-16

Energy Policy For The Long Haul
While news of nuclear new build is welcome, will it also finally establish the long-term pipeline that the world needs?As the UK, like much of Europe, hovers on the brink of blackouts and faces stratospheric rises in energy costs, news that the government
Nuclear Power Plant
2022-12-16

Decision To Terminate Contract For Construction Of Hanhikivi-1 NPP Unlawful
The Dispute Review Board has issued its verdict on Fennovoima Oy’s decision to terminate the contract for the construction of Hanhikivi-1 NPP. The verdict maintains that Rosatom’s complaint is founded – the termination of the
LNG
2022-12-16

ICE Warns It Could Relocate Gas Trading Out Of EU If Bloc Caps Price
A screen displays the ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange (NYSE) March 1, 2016. REUTERS/Brendan McDermid/File PhotoBRUSSELS, Dec 15 (Reuters) - The Intercontinental Exchange has warne
United States
2022-12-15

ACP Statement On Building American Energy Security Act of 2022
The American Clean Power Association (ACP) released the following statement from JC Sandberg, ACP Interim CEO and Chief Advocacy Officer in support of the Building American Energy Security Act of 2022:This permitting reform proposal would speed our countr
Hydrogen Project
2022-12-14

Highlighting Safety Standards For Hydrogen In Power Generation
Image credit: 123rf.comHydrogen has been handled and used in a safe manner for decades by industries for refining petroleum, treating metals, producing fertilisers, and processing food by using strict control systems and safety guidelines.However, as hydr
China
2022-12-12

China's 2050 Power Could Be Zero Carbon For Under 1% of GDP: Study
A new study in Nature Communications; Cost increase in the electricity supply to achieve carbon neutrality in China calculates the total new expenditure needed to replace fossil fuels for electricity by 2050
Net Zero Emission
2022-12-08

EU Agrees Law to Make Airlines Pay More to Pollute
The European Union reached a deal in the early hours of Wednesday on a law to increase the price that airlines have to pay when they emit planet-heating carbon dioxide emissions, adding pressure to the sector to shift away from fossil fuels.
Wind Farm
2022-12-08

Australian Government to Underwrite Renewable Energy Capacity
The Australian government has agreed to underwrite new wind and solar farms backed by energy storage, in hopes of unleashing investment at least A$10 billion ($6.7 billion) to stabilise the grid as coal-fired plants retire.
Indonesia
2022-12-07

Indonesia Govt to Create a Mechanism for Rollout of B35 Biodiesel Policy
Indonesia's president has asked the government to create a mechanism next year to ensure the rollout of B35 biodiesel, a senior minister said on Tuesday.
EU
2022-12-06

Germany Says Borrowing More Money to Compete With the U.S. Would Be a ‘Threat’ to Europe
European Commission President Ursula von der Leyen said Sunday “new and additional funding at the EU level” will be needed to make European companies more competitive in the transition to a greener economy.
United States
2022-12-05

Explainer: Why the U.S. Inflation Reduction Act Has Europe up in Arms
Top European Union officials will use a trade meeting with U.S. counterparts on Monday to press concerns about Washington's huge new green energy subsidy package.
United Arab Emirates
2022-12-05

New UAE Law Regulates Renewables Production Units Link to Grid
This is in line with UAE’s plan to diversify renewable energy sources.
Crude Oil
2022-12-05

Price Cap on Russian Oil Comes Into Effect
The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues from oil exports while keeping flows into the international market flowing.
United States
2022-11-30

U.S. Senators Introduce Bill to Expand E15 Gasoline Sales, with Support from Oil Group
U.S. senators from Nebraska and Minnesota introduced legislation on Tuesday that would expand nationwide sales of E15.
Offshore Wind Power
2022-11-29

UK Government Moves to Defuse Parliamentary Row over Onshore Wind
Britain's government sought on Monday to defuse a simmering row over a push by some Conservative lawmakers to make it easier to build onshore wind farms by saying Prime Minister Rishi Sunak supported such projects where there is local consent.
Natural Gas
2022-11-28

Ofgem’s Market Reform Proposals Criticised by British Gas Owner
Centrica CEO Chris O’Shea has accused Ofgem of an “abdication of responsibility”
Italy
2022-11-28

Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows
Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the government's 2023 budget seen by Reuters showed.
Energy Transition
2022-11-25

Vietnam Boosts Coal Use Plan for 2030 as G7 Climate Offer Stalls
Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were scaled back, in a potential blow to rich nations' funding initiatives for cleaner energy.
Germany
2022-11-25

Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says
Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday in response to criticism about his country's stance towards plans for a gas price cap.
Natural Gas
2022-11-25

UK to Set Out More Energy Reforms ‘Very Soon’: Hunt
Britain's government plans to announce reforms to the country's energy market "very soon", finance minister Jeremy Hunt said on Wednesday, after lawmakers blamed poorly designed regulation for some of the soaring cost of energy.

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