News
News
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Volatile gas markets mean anything but business as usual for energy prices
Extreme volatility, carbon continuing to push boundaries, currency devaluation, inflation, and high balancing prices continue to pressure end user gas and power prices. In this episode of the Resonance podcast, you will learn: Markets are very volatile, looking forward and also responding to unseasonal conditions. Oil as a proxy of economic growth has to be […]
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Germany ‘can achieve climate neutrality by 2045’
Germany can achieve climate neutrality five years earlier than its planned goal, by 2045. That’s according to a new study by the Climate Neutrality Foundation and the think tanks Agora Energiewende and Agora Verkehrswende, which suggests the first important step for the country’s climate neutrality by 2045 is a 65% reduction of emissions by 2030. […]
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Ukraine greenlights Chernobyl spent fuel facility
Ukraine’s Government has greenlighted an operating license to a Chernobyl spent fuel facility. The development is considered to be a key project in the decommissioning of the Chernobyl site as it will provide secure storage for more than 21,000 spent fuel assemblies of Chernobyl reactors, which are currently stored in an ageing facility. The plan […]
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Irish building materials firm invests in green steel venture
Irish building materials firm Kingspan has announced it has invested an undisclosed sum in a company committed to producing green steel using hydrogen. The firm, named H2 Green Steel, claims to have developed technology that could enable steel production with 95% less carbon dioxide emitted compared to conventional methods. The €2.5 billion (£2.1bn)-project will see […]
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California issues fracking ban from 2024
New oil extraction will be banned from January 2024 in California. Under the new regulation, the Department of Conservation’s Geologic Energy Management is expected to immediately set out the rules to halt the issuance of new hydraulic fracturing permits by 2024. Governor Gavin Newsom, who announced the end in the issuance of new permits for fracturing, […]
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Force Majeure declared on Total’s Mozambique LNG project
Energy giant Total has declared Force Majeure on its Mozambique Liquefied Natural Gas (LNG) project. The firm said it reached that decision for security reasons. In a statement, the company added: “Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique […]
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Ceredigion in Wales has the ‘UK’s lowest’ carbon footprint
Ceredigion, a coastal county in Wales with a population of around 75,000, is leading the race with the areas with the lowest carbon footprint in the UK. That’s according to a new study by the World Wildlife Fund for Nature (WWF) and the University of York-based research centre SEI York, which estimates the overall carbon […]
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US launches initiative to protect electric system against cyberattacks
The US Department of Energy (DOE) has announced a new 100-day initiative that aims to engage government agencies and utilities to protect the country’s electric system from cyber threats. The scheme encourages operators to implement technologies that enable the detection and mitigation of cyber threats to critical infrastructure. The DOE is also seeking views from […]
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British High Commission and Earth Rangers to empower youth to act on climate change
The British High Commission in Canada has teamed up with kids’ conservation organisation Earth Rangers to help empower the next-generation to act on tackling climate change. Their new partnership will see the use of app-based technology to inspire and encourage Canadian youth to take action on climate change ahead of the UK-hosted COP26 conference in […]
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Alok Sharma: ‘Warning lights for planet are flashing bright red’
COP26 President Alok Sharma has highlighted the urgency for a globally coordinated climate action speaking at the US-hosted Leaders Summit on Climate. He said: “We all know that the next decade will be make, or break, for planet earth. And the warning lights are flashing bright red. “Net zero commitments now cover 70% of the global […]
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The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas