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Norway’s Ambitious Plan to Store Carbon Dioxide in the North Sea
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
EU Parliament approves law to make buildings more energy efficient
The European parliament approved a new law on Tuesday that requires member states to push the renovation of buildings to make them more energy-efficient and reduce the EU's carbon emissions.
read more... 13/03/2024
French TSO GRTgaz launches CO2 transport project
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
Daily (06.03.2024): Carbon prices rose by 6% on Tuesday, reaching the biggest daily gain in 15 months
Oil prices saw a minor decrease due to low demand on Tuesday, despite potential supply interruptions stemming from the current political unrest in the Middle East. Brent crude fell by 1% to $82.04, and WTI Crude also dipped by around 1% to $78.15.
read more... 06/03/2024
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Italy's green transition efforts held back by lack of big solar projects
Italy's energy transition is building on a myriad of solar panels mounted on roofs, but the country has installed far fewer large plants than its neighbours, data seen by Reuters show, signalling hurdles on Rome's path to decarbonisation.
read more... 06/03/2024