The EU’s RePowerEU plan, quickly made in response to Russia’s invasion of Ukraine, aims to produce 20m tonnes of renewable hydrogen by 2030, with half coming from imports. Here, T&E summarise their report that concludes this is unrealistic. The report looks at six key countries with plans to export hydrogen to the EU: Norway, Chile, Egypt, Morocco, Namibia and Oman. T&E says these countries combined would only be able to deliver a quarter … [Read more...]
Buying carbon allowances while decarbonising: what’s the best strategy for an EU industrial firm?
EU industrial companies affected by the big changes to their carbon costs that come from the new EU ETS rules and the Carbon Border Adjustment Mechanism (CBAM) must create strategies to deal with them, if they haven’t started already. Otherwise they will fall behind those that have. Pablo Ruiz at Rabobank summarises their analyses and conclusions. Ruiz presents a map for each of the different starting positions. The study looks at the critical … [Read more...]
How much protection from carbon-intensive imports will CBAM give to EU industries?
The EU’s Carbon Border Adjustment Mechanism (CBAM) is not a business-as-usual instrument that allows sectors to delay decarbonisation. It applies a levy on imported goods equal to the internal EU ETS-related carbon price, so that both EU-produced goods and those imported into the EU face similar carbon cost pressures. But sectors must use the CBAM phase-in period to decarbonise. Pablo Ruiz and Barbara Kölbl at Rabobank look at how different … [Read more...]
CBAM is now active. A guide to what companies must do to comply
On October 1st 2023 the Carbon Border Adjustment Mechanism (CBAM) became effective. Its purpose is to limit carbon leakage by establishing a carbon price on imported goods that is equivalent to the carbon price on domestically produced goods. That means introducing a set of reporting and compliance obligations for importers of goods into the EU. Simon Göss and Hendrik Schuldt at carboneer explain the new mechanism and scope (aluminium, cement, … [Read more...]
Carbon Capture rates of 60% sound impressive. But rising carbon prices could still make you commercially unviable
Mainstream scenarios state the unavoidable need for continued use of fossils through to 2050. For the world to stay within its carbon budget, that means the unavoidable need for carbon capture and plugging “fugitive” leaks. Chris Bataille at the Center on Global Energy Policy flags up the danger that new CCS projects with seemingly impressive capture rates of up to 60% may nevertheless become commercially unviable as carbon prices rise: that … [Read more...]
Ammonia from water microdroplets: lab demonstrates cheap, low-tech production
Very early stage research has discovered a new way of making ammonia cheaply, on a small scale (or large, if you want!), and with no harmful emissions, explains Adam Hadhazy writing for Stanford University. The process uses a cocktail of water, nitrogen gas, and a solid catalyst sprayed through a simple, low-tech instrument to make the ammonia. In contrast, the existing industry-standard Haber-Bosch process is energy intensive, large scale, and … [Read more...]
Embodied Carbon Emissions: understanding the different methodologies being used around the world
The measurement of the embodied carbon emissions of goods tells us what greenhouse gas emissions are generated during the production and transportation of those goods. This achieves two main things. Firstly, it allows producers to understand where their emissions are coming from, and so reduce them. Secondly, it opens the door to putting a price on those emissions, thus incentivising producers to reduce them. But, as Max Gruenig at E3G explains, … [Read more...]
EU ETS and CBAM: what the big update to emissions trading rules means for Europe’s key sectors
The EU’s Emissions Trading Scheme is a vital part of the region’s decarbonisation plans. Simon Göss at carboneer digs into the new rules coming in for the existing EU ETS, and the implementation of the new carbon border adjustment mechanism (CBAM). Right now, the existing EU ETS covers around 40% of the EU’s emissions (energy sector, industrial installations and aviation). Its scope is being extended to include maritime transport. On top of that, … [Read more...]
Green Hydrogen is ready to scale this decade
### Today’s article flags up a fascinating panel discussion on the book “Touching Hydrogen Future”, as part of the European Hydrogen Week taking place from 24-28 October 2022. This webinar, on Friday Oct 28 at 10:00 CEST, will be blue-sky thinking about the future of the hydrogen economy. Global in scope, it will dive into how a hydrogen-powered future might look in the Netherlands, Sweden, Ukraine, Romania and Morocco. REGISTER HERE ### Can … [Read more...]
Engineered soil microbe can convert CO2 20 times faster than natural photosynthesis
New research led by the U.S. Department of Energy’s SLAC National Accelerator Laboratory and the Max Planck Institute for Terrestrial Microbiology in Germany has shown how a bacterial enzyme found in the soil can be made to convert carbon dioxide into carbon compounds 20 times faster than plant enzymes do during natural photosynthesis. As Glennda Chui at Stanford University explains, it’s very early days but could open a door to artificially … [Read more...]
Allam Cycle carbon capture gas plants: 11% more efficient, all CO2 captured
Globally, carbon capture is making precious little progress. Is the Allam Cycle natural gas power plant an important step forward? David Yellen at the Atlantic Council Global Energy Center explains that, according to its designers, its energy conversion efficiency is 59%, 11% more than a standard combined-cycle gas turbine plant that’s carbon capture-equipped. It also captures 100% of the CO2, 10% more than the standard. NET Power plans to bring … [Read more...]