By Dr Paul Ebert, group director, sustainability and energy transition leadership, Worley
Decarbonisation of our economies is an enormous challenge, one we've made harder through slow action to date. But the world is moving inexorably to net zero now and it will be a hell of a ride.
Recent political tensions have put a spotlight on the UK’s heavy reliance on fossil fuels, highlighting the necessity to transition to clean, renewable energy. Energy companies must innovate the sector and build a greener energy system.
Indonesia, home to the world’s largest geothermal energy potential, is opening tenders seeking investors to develop this giant resource, as it aims to expand the use of renewable energy to meet its net zero goals.
A massive $20 billion deal with the US and Japan will kick-start Indonesia’s drive to wean itself off coal power, though the country may still need trillions more to reach net-zero emissions while meeting growing demand for energy.
US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
The global net zero transition offers a $3.5 trillion investment opportunity for Indonesia, according to a new report published Saturday at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia.
A report published by the Net Zero Technology Centre identifies global innovation priorities across traditional hydrocarbon basins, including blue and green hydrogen, offshore wind, oil and gas electrification, carbon capture and storage, and digital transformation technologies to achieve the Paris Agreement emissions targets and create integrated net zero energy systems.
For the last 50+ years, the UK’s energy industry has been dominated by oil and gas activity, but as our industry matures, it faces increasing opportunities in decommissioning.
Equinor (NYSE:EQNR) has signed a strategic collaboration with Hitachi Energy, to work together within electrification, renewable power and low-carbon initiatives.
Scotland's first minister, Nicola Sturgeon, calls for world leaders to take "meaningful steps" towards the goals agreed upon at the COP 26 in Glasgow ahead of this year's conference.
Singapore will target net-zero emissions by 2050 and is bolstering its short-term climate goals even as the city-state acknowledges it faces challenges to shift to cleaner energy sources.
Indonesia is setting a three-year deadline for all state-owned companies to use only electric vehicles as part of its goal of reaching net zero emissions by 2060.
The head of the UN weather agency has said the war in Ukraine "may be seen as a blessing" from a climate perspective because it is accelerating the development of and investment in green energies over the longer term - even though fossil fuels are being used at a time of high demand now.
A new report from Equinor analysts presents two potential pathways for energy transition, and warns of the gap between incremental change and rapid decarbonisation needed to meet Paris goals.
By Emily Taylor, North Sea Transition Deal programme manager at Offshore Energies UK
The North Sea Transition Deal is a ground-breaking deal between Government and industry to plan a path to net zero. The Deal celebrated its first birthday in March 2022, showcasing good progress and encouraging momentum. Offshore Energies UK (OEUK) continues to celebrate the Deal’s 18 month anniversary with the launch of Methane Action Plan (MAP) Guidelines last month –seeing the UK oil and gas industry take another step forward in its journey to net zero emissions. The Deal sets out a clear roadmap for accelerating green energy technologies, cutting emissions and, ultimately, delivering a net zero industry by 2050.
Siemens Energy says delivering energy security and a net zero electricity system by 2035 must be a ‘national endeavor’ ahead of today's Parliamentary Reception.