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Market Analysis
COVID-19: Virus ‘Will have Lasting Impact on Energy Demand’
DNV GL report predicts 1.5 degree carbon budget will still be breached this decade despite behavioural changes.
Energy Transition
UN Chief Urges Japan, Others to Meet Goals on Climate Change
The United Nations chief urged Japan and other wealthy nations on Thursday to give up their reliance on coal and other fossil fuels and commit to investments in…
China
China's National Oil Companies Outline Early Green Energy Plans
China's top state oil and gas producers - PetroChina, Sinopec Corp and CNOOC Ltd are working on the following green initiatives.
United States
US Announces Funding for Fusion and Carbon Capture Technologies
The US Department of Energy has announced $72m in funding for carbon capture technologies and $29m for fusion research projects.
United States
WoodMac: Biden Loss Would End Hopes of US Decarbonization by 2050
The stakes are every bit as high as the energy industry and climate change activists say they are.
Energy Transition
Golar Power Becomes Hygo Energy Transition
The liquefied natural gas shipper, Golar LNG, said that Golar Power is becoming Hygo Energy Transition.
Japan
Mitsubishi Shipbuilding to Pilot World’s First Marine Carbon-Capture System
Mitsubishi Shipbuilding is partnering with transportation company Kawasaki Kisen Kaisha and non-profitable organisation Nippon Kaiji Kyokai to pilot the world’…
Energy Transition
Australia on Track to Achieve Fastest Energy Transition
The country currently has a pipeline of 102GW renewable projects.
Extra UN Climate Talks Mooted for 2021 to Help Negotiators Catch Up
After losing a year to the coronavirus pandemic, UN Climate Change is considering an extra meeting in 2021 to resolve sticking points in the negotiations.
Clean emission
55% EU Emissions Cut ‘Achievable by 2030’
The EU can achieve 55% reduction in greenhouse gas emissions by 2030 compared to 1990.
Coal Trade
Japanese Business Lobby Pushes Coal-Friendly Policy
A study revealed that it has undermined the country’s climate change efforts.
Germany
Germany Narrows Gap to Achieve Climate Protection Target
Germany wants to reduce its greenhouse gas emissions by at least 40 per cent by 2020 compared with 1990 levels, and by at least 55 pe rcent by 2030.
UNFCCC Calls on Countries to Submit Paris Agreement Plans ahead of COP26
UNFCCC urges countries to submit updated Paris Agreement plans “9-12 months” ahead of 2021 COP26 conference.
United States
Climate Change Poses High Credit Risks for Nuclear Power Plants
Credit risks associated with climate change for nuclear power plant operators in the United States will rise over the next 10 to 20 years.
Mauritius
Oil Spill in Mauritius Causes Ecological Disaster, France and India Assist
An oil spill from the MV Wakashio, a Japanese ship that struck a coral reef in Mauritius on July 25, has imperiled fish and other marine life around the Indian …
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