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  • UK announces new plan to reach 2050 net zero target

    19 October 2021

    The UK government released a new Net Zero Strategy on October 19, setting out how the country will deliver on its commitment to reach net zero emissions by 2050. The plans are laid out in the report ‘Net Zero Strategy: Build Back Greener’ which has been published 12 days before global leaders meet in Glasgow for COP26....

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  • INEOS announces over €2 billion investment in green hydrogen production

    19 October 2021

    INEOS announced on October 18 that it is to invest more than €2 billion into electrolysis projects to make zero carbon, green hydrogen across Europe. Its first plants will be built in Norway, Germany, and Belgium with investment also planned in the UK and France....

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  • Consortium aims to develop large-scale green hydrogen facility in Orkney, UK

    12 October 2021

    Offshore Wind Power Limited (OWPL), a consortium formed by Macquarie’s Green Investment Group, TotalEnergies and Scottish developer Renewable Infrastructure Development Group (RIDG) has announced it is studying the use of offshore wind to power the production of green hydrogen on an industrial scale on the island of Flotta in Orkney, Scotland....

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  • UK Oil & Gas Authority grants carbon storage licence to reuse depleted gas fields

    11 October 2021

    The Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to Harbour Energy. The licence will help boost the drive to reach net zero greenhouse gas emissions by 2050, the authority said. The licence will cover an area in the Southern North Sea off the coast of Immingham in North East Lincolnshire....

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  • INEOS announces £1 billion Grangemouth investment to reduce greenhouse gas emissions

    22 September 2021

    On September 22, INEOS announced planned further investment of over £1 billion towards reducing greenhouse gas emissions at its Grangemouth site to net zero by 2045, building on the 37% reduction in net CO2 emissions already delivered since acquiring the site in 2005....

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CNOOC to increase new energy investment 01 September 2021

At CNOOC's financial results conference for the first half of 2021, Chairman Wang Dongjin announced the latest development plan for new energy investment. CNOOC expects that during the entire ‘14th Five-Year Plan’ period (2021-2025), investment in the field of renewable energy will reach 5%-10% of total investment. CNOOC's goal is to generate at least 50% of its profits from new energy investments by 2050....

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Touted as clean, ‘blue’ hydrogen may be worse than gas or coal says new study 19 August 2021

“Blue” hydrogen – an energy source that involves a process for making hydrogen by using methane in natural gas – is being lauded by many as a clean, green energy to help reduce global warming. But Cornell and Stanford University researchers believe it may harm the climate more than burning fossil fuel....

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UK government launches first ever Hydrogen Strategy 17 August 2021

The UK’s Business and Energy Secretary Kwasi Kwarteng announced the country’s first ever Hydrogen Strategy on August 17. Making the announcement, the government said the plans to create a thriving low carbon hydrogen sector over the next decade and beyond would unlock tens of thousands of jobs, billions of pounds in investment, and new export opportunities....

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£16.5 million awarded to support UK energy transformation 09 August 2021

A total of £16.5 million has been awarded to the Net Zero Technology Centre to accelerate a range of energy transition projects that will help deliver Scotland’s net-zero economy. Seven projects will be developed through the centre’s Net Zero Technology Transition Programme (NZTTP) to transform the North Sea energy system, with a focus on emissions reduction....

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China to have more than 30 million kilowatts of new energy storage capacity by 2025 02 August 2021

According to China's National Development and Reform Commission, in order to achieve peak carbon neutrality and strive to build a clean, low-carbon, safe and efficient energy system, the National Development and Reform Commission and the National Energy Administration have issued guidance on accelerating the development of new energy storage....

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