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Net Zero Emission
UK Government Launches AI Innovation Programme to Lower Carbon Emissions
The UK’s Department for Business, Energy & Industrial Strategy announced an AI innovation programme to achieve net-zero targets.
France
Markets Regulator Clears French Bid to Nationalise EDF Utility
French markets regulator AMF said on Tuesday it had cleared the French state's buyout bid, marking an important step in its plan to fully nationalise the loss-m…
Energy Investment
Italy’s A2A Scales Down Investments to 16 Bln Euros by 2030 to Cut Carbon Footprint
Italy's largest regional utility A2A on Tuesday scaled back its investments aimed at cutting its carbon footprint, as volatility in energy markets prompted the …
Nuclear Power Plant
California’s Last Nuclear Power Plant Gets $1.1BN Lifeline
The US Department of Energy (DOE) said it would conditionally provide California utility Pacific Gas & Electric (PG&E) with a $1.1 billion grant to help prevent…
Carbon Emissions
Reaching Climate Targets Relies on Swift Reduction of Global Coal Emissions: IEA
There are around 9,000 coal-fired power plants globally with a total capacity of 2,185MW.
Solar Cell
Breaking With Convention to Develop More Efficient Solar Cells
Photovoltaics, more commonly known as solar cells, are key to securing the energy transition and meeting net zero targets in the coming years.
Electricity Transmission
US Sets the Stage With $13BN Grid Modernisation Programmes
Washington has announced $13 billion in financing opportunities for the expansion and modernisation of the US electric grid.
LNG
U.S. Gas Prices Jump as Freeport LNG Targets Full Restart in March 2023
U.S. natural gas prices surged on the news that one of the largest U.S. LNG export terminals is targeting a complete operational restart by March 2023.
Crude Oil
Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head
Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …
Carbon Emissions
UK Sets Out Carbon Capture Plan
The UK government has published the UK’s first official CCUS framework that is expected to provide technical information to three major projects.
Floating Offshore Wind
Global Floating Wind Targets Falling Behind – Report
Targets for 2030 wind production from floating wind farms are set to be missed across the globe, according to the latest report from wind market analysts 4C Off…
Romania
Romanian Government Partially Regulates Energy Markets Until 2025
Romania's government changed its energy support scheme for households, small businesses and industry on Friday, partially regulating its power market until Marc…
Carbon Emissions
COP27: Biden Says US Will Meet 2030 Emissions Targets
During his speech at the climate summit, he said the government has put its money where its mouth is on climate change.
Energy Transition
Brookfield Bets $11.8 Billion on Australia’s Energy Transition
Brookfield Asset Management has led a consortium that looks set to acquire Australian utility Origin Energy for some $11.8 billion, a move that is seen as a way…
Crude Oil
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not…
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