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Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA

May 22, 2023 by IEA

The IEA summarises its 33-page report “Emissions from Oil and Gas Operations in Net Zero Transitions”. The IEA says the oil and gas sector needs ÂŁ600bn up front to meet its 2030 target of a 60% reduction in emissions. That’s only 15% of the sector’s record 2022 energy-crisis windfall income. A small price increase and savings should recoup that money “quickly”, says the IEA. The IEA not only maps a way to limit the global average temperature rise … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CCUS, CDR, electrification, emissions, flaring, gas, hydrogen, IEA, intensity, methane, NZE, offsets, oil, scenarios

The U.S. is moving faster than the EU on Methane regulations. Why?

April 27, 2023 by Ben Cahill

Ben Cahill at the Center for Strategic and International Studies takes a deep dive into U.S. and EU progress on regulating methane emissions. It’s vitally important because methane has more than 80 times the warming potential of CO2 in its first 20 years in the atmosphere. In his assessment, Cahill explains why the U.S. is likely to move much faster than the EU. Unlike the U.S., the EU is a big importer of gas so needs its rules complied with by … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: EU, flaring, gas, imports, IRA, LDAR, legislation, methane, monitoring, MRV, oil, regulations, reporting, US, venting

The problem with CO2e: we need separate emissions data for each climate pollutant (methane, soot, etc.)

March 28, 2023 by Will Atkinson

Currently, we measure non-CO2 emissions by converting their impact into the CO2 equivalent over a 100-year period. The problem is that other pollutants can have their worst impact well within 100 years, like methane (the first 20 years is when the impact of methane is worst). Though CO2 has caused the most warming, other short-lived pollutants have contributed nearly half of the total, particularly methane, black carbon from soot, and some … [Read more...]

Filed Under: Energy, Policies Tagged With: Climate, CO2, CO2e, emissions, hydrofluorocarbons, methane, netzero, pollution, soot

Should U.S. DOE risk funding methane-based Hydrogen production when CCS is still not proven?

March 27, 2023 by Suzanne Mattei, David Schlissel and Dennis Wamsted

The U.S. Department of Energy (DOE) is allocating $8bn for building regional clean hydrogen hubs. Decisions on who to fund are being made now and will be completed by the end of this year. Any methane-based hydrogen project that achieves a 95% carbon capture rate will be sufficiently “clean” to qualify for the federal funding. But, as Suzanne Mattei, David Schlissel and Dennis Wamsted at IEEFA explain, the few “at scale” CCS projects now running … [Read more...]

Filed Under: Carbon Capture, Energy, Hydrogen Tagged With: CCS, CDR, commercialisation, funding, hubs, hydrogen, methane, US

COP 27: a way forward for methane, fossil fuel (not just coal) phase-out, and U.S.-China competition?

December 9, 2022 by Ben Cahill, Sandeep Pai and Taiya Smith

COP 27 was never expected to have the impact that COP 26 did, and that’s how it turned out, explain Ben Cahill, Sandeep Pai and Taiya Smith at CSIS. But there are three issues that can have long term positive impacts if carried forward successfully. The first is some good news on methane emissions. The U.S., the EU, Japan and other countries announced an important producer-consumer effort to cut greenhouse gas emissions from traded gas, while … [Read more...]

Filed Under: Energy, Policies Tagged With: China, coal, COP27, emissions, EU, finance, gas, geopolitics, Japan, LossAndDamage, methane, oil, UK, US

EU gas post-Russia: out-of-date regulations are preventing new gas flows from west to east, not infrastructure

December 5, 2022 by Aura Sabadus

### REGISTER NOW ### for our vitally important 2-panel event “The Energy Crisis and Russian Aggression Against Ukraine – Key Challenges for the Central European Energy Sector”, on Thursday December 8, 13:00 – 17:00 CET (Address: Rue Belliard 40, 1040 Brussels). High-profile confirmed speakers include Kadri Simson, European Commissioner for Energy, EC; Leszek JesieĹ„, Chairman of the Board, CEEP; Jerzy Buzek, MEP and former president of the … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Balkan, Caspian, EU, gas, Greece, methane, Moldova, pipelines, prices, regulations, Russia, SEEGAS, Slovakia, TransBalkan, turkey, Turkstream, Ukraine

What does the “global carbon budget” mean? Have we got 9 years left?

November 24, 2022 by Piers Forster, Debbie Rosen, Robin Lamboll and Joeri Rogelj

Piers Forster and Debbie Rosen at the University of Leeds and Robin Lamboll and Joeri Rogelj at Imperial College London, writing for Carbon Brief, look at the carbon budget estimates of the Global Carbon Project and the IPCC, the methodology and the inevitable uncertainties. They compare it to their own latest report from the CONSTRAIN research project. Where the GCP and the IPCC estimate nine years left of carbon emissions at current emission … [Read more...]

Filed Under: Energy, Policies Tagged With: aerosols, CDR, emissions, GCP, IPCC, methane, methodology, policies, pollution, science, uncertainty

Clean Turquoise Hydrogen: a pathway to commercial readiness

July 22, 2022 by Schalk Cloete

Whereas blue hydrogen from methane produces CO2, the by-product of turquoise hydrogen is pure carbon. The obvious advantage is you can make your hydrogen without the need for expensive new infrastructure to transport and store any CO2. Turquoise hydrogen is only at the start-up phase, so Schalk Cloete summarises his co-authored paper that looks at various scenarios to estimate the cost of producing the hydrogen (using molten salt pyrolysis) and, … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: blue, carbon, CO2, costs, hydrogen, methane, MoltenSaltPyrolysis, prices, turquoise

Methane emissions reach unexpected new highs. Is climate change causing a runaway effect?

July 11, 2022 by Simon Redfern

Simon Redfern at Nanyang Technological University, Singapore summarises his co-authored study that says methane emissions are four times more sensitive to climate change than that estimated in the latest IPCC report, which was only published in February 2022. The study follows the observation that, despite the pandemic stalling the world economy, methane emissions have reached new highs. Not because methane emissions have risen but because … [Read more...]

Filed Under: Energy, Environment, Oil, Gas & Coal Tagged With: agriculture, emissions, gas, hydroxyl, IPCC, landfills, methane, removal, wildfires

Hydrogen is also a greenhouse gas, so leaks must be minimised

May 26, 2022 by Thomas Koch Blank, Raghav Muralidharan, Kaitlyn Ramirez, Alexandra Wall and Tessa Weiss

Even leaked hydrogen can warm the climate. How serious is it as a greenhouse gas? How easy is it to minimise leaks? Thomas Koch Blank, Raghav Muralidharan, Kaitlyn Ramirez, Alexandra Wall and Tessa Weiss at RMI answer these important questions as the hydrogen ramp up begins. The first observation is that hydrogen is much less damaging than natural gas, even with minimal hydrogen leakage regulation. Nevertheless, the roll-out of this new energy … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: emissions, gas, ghg, hydrogen, industry, infrastructure, leakage, methane, pipelines, Transmission

Seven ways for the U.S. and Europe to enhance energy security and advance climate goals

May 9, 2022 by Joseph Majkut, Nikos Tsafos and Ben Cahill

Ending reliance on Russian fossil exports will need the U.S. and Europe to work together, explain Joseph Majkut, Nikos Tsafos and Ben Cahill at the Center for Strategic and International Studies. The U.S. is the world’s largest oil and gas producer and is able to increase output. At the same time, it must meet global emissions targets. The way to do it is to increase fossil exports temporarily whilst improving its carbon reduction measures (e.g. … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, Renewables Tagged With: diplomacy, EU, exports, gas, hydrogen, imports, investment, jobs, LNG, markets, methane, oil, Russia, shale, skills, US

Price volatility and greenwashing: do Gas and LNG make economic or climate sense?

April 7, 2022 by Christina Ng and Sam Reynolds

While governments urgently rethink their gas policies, Christina Ng and Sam Reynolds at IEEFA summarise the evidence against the claim that gas and LNG can be green and have a sound economic future. Firstly, most measurements of emissions do not include the full life-cycle of production. For LNG that includes extraction, transport, liquefaction, and re-gasification. They point at studies that say it can be almost as much as the emissions produced … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: emissions, gas, green, greenwashing, LNG, methane, offsetting, pandemic, prices, Russia, solar, Taxonomy, Ukraine, wind

Russia-Ukraine: Support for U.S. Oil & Gas producers must tie them to low-emissions investments

March 25, 2022 by Ben Cahill

Like many countries, the U.S. is set to raise oil and gas production to compensate for cuts in Russian imports consequent to the war in Ukraine. The danger is that short-term solutions to sky rocketing fossil fuel prices will take precedence over climate targets. But Ben Cahill at CSIS explains how this is an opportunity for the Biden administration to give support to fossil energy producers with one hand and extract solid commitments on … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CCS, CCUS, CDR, emissions, gas, hydrogen, investment, leakage, leasing, methane, oil, permits, Russia, synfuels, Ukraine, US

Converting captured CO2 directly into fuels could get simpler, cheaper

February 23, 2022 by David Chandler

Converting captured CO2 directly into fuels (or other products) at scale seems an effective way to mitigate emissions. But most of the conversion methods, including electrochemical, thermocatalytic, photothermal, or photochemical processes, have not proved very effective. David Chandler at MIT describes how researchers there have identified the main stumbling block and found a very simple solution. Basically, at the molecular level, the contact … [Read more...]

Filed Under: Alternative fuels, Carbon Capture, Energy Tagged With: CCS, CCUS, CDR, CO2, electrochemical, ethanol, ethylene, methane, photochemical, photothermal, thermocatalytic, voltage

The Gas Crunch: EU and China can share lessons on Energy Security and Renewables Integration

January 14, 2022 by Caspian Conran

With adversity comes opportunity. The global gas crunch has hurt countries around the world but has also made them appreciate their common concerns. That has provoked policy-makers to take a serious look at current and future energy security policies. In the EU the competitive gas markets, enabled by short-term spot markets, has reminded us of the value of long-term contracts when prices are volatile and rising. Meanwhile, China’s … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: China, Energy, EU, gas, integration, LNG, markets, methane, policies, prices, renewables, security, shale, US

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      Recent Posts

      U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions

      Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year

      Five charts on the Energy Transition: the 2020s is the decade of maximum disruption. By 2030 the endgame will be clear

      Making Hydrogen direct from seawater using double-membrane electrolysis

      The history of evidence of CO2-driven climate change starts in the mid-1800s

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