The Gulf region wants to maintain their substantial revenues from hydrocarbons in a decarbonising world. One way to do that is to invest in carbon capture, to make cleaner and more marketable fossil fuel products. Megren Almutairi and Karen Young at CGEP look at their current plans and future prospects. Right now, about 10% of CO2 captured globally is in the industrial facilities of the Gulf States. Their national oil companies boast some of the … [Read more...]
Hydrogen: most nations’ plans to export to Europe don’t match reality. The EU should make it itself
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...]
Making Hydrogen will consume 2% of total global renewable capacity growth by 2027
25 countries plus the EU have announced big ambitions for renewable hydrogen production. But how much renewable energy will be needed to make the H2 over the next five years? Nations are not keen to expend new clean energy generation on (expensive today) hydrogen production when their grids are still not emissions-free. According to the IEA, for 2022-2027, their main case forecasts around 50GW of renewable capacity will be dedicated to hydrogen … [Read more...]