Norway has big plans to pump waste carbon from oil and gas operations and heavy industry under the seabed of the North Sea to be stored safely underground. It believes this method will be key to decarbonizing its fossil fuel activities in the coming years and supporting a green transition. However, some fear that this process cannot be done safely without risk to the environment. Others believe that carbon capture and storage (CCS) is merely a band-aid on a bullet wound and that countries should be fixing their carbon problem at the source rather than mitigating the effects of fossil fuel production. Nonetheless, so long as the world relies on oil and gas, companies will be looking for ways to produce lower-carbon fossil fuels through innovative methods, such as CCS technology.
read more... 14/03/2024
Germany on Tuesday launched a bidding process for subsidies to support energy-intensive firms switching to green production in a 4 billion euros ($4.37 billion) funding round, the economy ministry said on Tuesday.
read more... 13/03/2024
French gas TSO GRTgaz launched on Monday a month-long call for expressions of interest for a EUR 1.7bn CO2 transport infrastructure project to help decarbonise industry in western France.
read more... 12/03/2024
Tariffs on Chinese solar panels look to be off the table as EU countries look towards drafting a declaration of support to their domestic solar industry while turning away from past measures like anti-dumping tariffs.
read more... 05/03/2024
Germany will change its CO2 storage law to facilitate gas transport and is eyeing carbon capture in industry and the power sector while taking steps to become an emission-negative country past 2050.
read more... 27/02/2024