Shell meets netzero climate targets

Shell has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy. By the end of 2022, the net carbon intensity of the energy products sold by Shell had also fallen by 3.8%, compared with 2016. Our analysis, using data from the

Methane emissions from energy sector reached record high

Global methane emissions from the energy sector approached record highs last year, despite an industry environment that made capture of the greenhouse gas cost-effective, according to a new report from the International Energy Agency (IEA). The report  said methane emissions from the sector — including from oil, gas and coal — rose to 135 million

CCUS projects ramping up across the world

The attention towards Carbon Capture Utilization and Storage (CCUS) has been increasing around the globe. But according to the International Energy Agency (IEA), the pace of CO₂ capture projects is too little and too slow. According to the agency at least the projects need to be speeded up 30 times more by 2030 to achieve

EVs are far more competent than hydrogen

Decarbonizing energy and other industries globally using hydrogen will require investment of almost $15 trillion between now and 2050 according to European Transitions Commission. More than $2 trillion of investment would be required in equipment and infrastructure to sustain the accelerating global momentum towards establishing hydrogen as a competitive element of a net-zero carbon emissions

Topsoe selected as EPF contractor for FlagshipONE project

Ørsted has taken a final investment decision (FID) to build Europe’s largest production facility, FlagshipONE, for green fuel for the shipping industry. Topsoe will provide engineering, procurement and fabrication (EPF) for the project’s e-methanol technology. According to IEA’s Net Zero-scenario for 2050, the shipping industry needs to reduce its emissions by almost 15% from 2021

Alfa Laval supports refinery in its transition

Alfa Laval has entered into an agreement with a subsidiary of CVR Energy, Inc., a U.S.-based renewable fuels and petroleum refining company, to supply processing systems for feedstock pre-treatment, part of a strategic investment in the refinery supporting CVR’s expansion into renewable biofuel production. Alfa Laval will supply pre-treatment systems, consisting of various equipment such

Renewables to beat coal as top energy source: IEA

Renewable sources of energy are forecasted to overtake coal as the largest source of electricity generation worldwide by early 2025, Paris-headquartered International Energy Agency said. The forecast holds remarkable significance to keep alive the global goal of limiting Earth’s warming temperatures to 1.5 degrees Celsius. The agency also said that the world is set to

Report says new fossil fuels ‘incompatible’ with 1.5 C goal

A new report by an independent, Canada-based think tank found a broad consensus of published research supports the International Energy Agency’s conclusion that new oil and gas fields are at odds with the climate target. This article was originally published by Carbon Brief, a U.K.-based website covering the latest developments in climate science, climate policy

Natural gas markets expected to remain tight into 2023

Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows and led to acute fuel shortages in some emerging and developing economies, with the market tightness expected to continue well into 2023, according to the IEA’s latest quarterly Gas Market Report. Natural gas markets worldwide

IEA recommends countries to work together on hydrogen

The IEA’s new Breakthrough Agenda Report contains four key priority areas for hydrogen and projects annual value chain investment could top as much as $130bn through to 2030. Demand creation, standards and certification, research and innovation and financial and technical assistance are the ‘big four’ that stand out in the report as immediate priorities for