UK won’t hit net zero by 2050 on current course: DNV
The UK is going through a transition that will transform today’s energy system, writes DNV's Hari Vamadevan, but not sufficient to meet its 2050 Net Zero emissions commitments
net zero
Scale and speed: The radical infrastructure shift needed to achieve net zero
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.
Utilising smart homes to achieve net zero goals
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.
Vietnam seals $15.5 billion deal with rich nations to exit coal
Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal.
Indonesia seeks investors for giant geothermal energy resources
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.
Regulator launches probe into North Sea company amid flaring crackdown
An investigation has been launched into an unnamed oil and gas company for flaring and venting in the North Sea without consent.
The Biden-Jokowi deal is just one step to turn Indonesia green
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.
Biden, Jokowi unveil $20bn deal to end coal and speed up net zero push in Indonesia
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.
Indonesia has $3.5tn investment opportunity for net zero transition
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.
Market says go for LNG, climate NGOs says stop
As COP27 continues apace, the slew of demands for more – or less – hydrocarbon investments is mounting.
Report identifies five international collaboration actions to transform hydrocarbon basins for net zero
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.
Why a flexible turnkey service approach is fundamental in elevating the UK’s decommissioning success to an international level
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 and Hitachi sign agreement to accelerate energy transition
Equinor (NYSE:EQNR) has signed a strategic collaboration with Hitachi Energy, to work together within electrification, renewable power and low-carbon initiatives.
Sturgeon calls for ‘meaningful steps’ at COP 27
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 unveils plan to target net-zero emissions by 2050
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.
Lord Frost rounds on government over ‘invented’ net zero targets
Former Brexit Secretary Lord Frost has rounded on the Government over its "invented" net zero target.
Indonesia’s state firms to use only EVs by 2025 in net zero push
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.
BP to buy US biogas producer Archaea Energy for £3.6bn
BP has sealed a 4.1 billion dollar (£3.6 billion) deal to buy US renewables firm Archaea Energy.
Banks try quiet quitting on net zero
For some bankers, net zero is like a new year’s resolution—a pledge one makes and often breaks before a year has passed.
Ukraine may be ‘blessing’ for climate, says head of UN’s WMO
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.
‘Shortsighted’ and ‘idealism at its worst’: Birkbeck University sparks widespread condemnation from energy sector
Birkbeck, University of London has been widely slammed by the energy industry for its decision to ban fossil fuels recruiters from its careers fairs.
UK Government announces independent review into 2050 net zero goals
An independent review of the UK's 2050 net zero delivery goals has been launched, led by former energy minister Chris Skidmore.
‘Vast majority’ of net zero scenarios will not meet 1.5C target, warns Equinor
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.
In Europe, the path to net-zero goes through the North Sea
Earlier this month, energy leaders from across the world descended on Stavanger, Norway, for the annual Offshore Northern Seas (ONS) conference.
The UK is a frontrunner in the global transition to cleaner energy – and the industry’s action on methane is the latest example
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.