Category Archives: Energy

Saudi Arabia transfers $80bn in shares to wealth fund for green projects

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Crown Prince Mohammed bin Salman said move was part of efforts to recalibrate the oil-led economy

Saudi Arabia has transferred shares worth $80bn to its sovereign wealth fund as the oil-rich nation hopes to rival Norway and Singapore’s state-managed funds and invest in green projects.

Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, said 4% of shares in Saudi Aramco, the world’s biggest oil exporter, would be transferred to the kingdom’s sovereign wealth fund as part of efforts to recalibrate the oil-dominated economy.

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Nuclear fusion heat record a ‘huge step’ in quest for new energy source

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Oxfordshire scientists’ feat raises hopes of using reactions that power sun for low-carbon energy

The prospect of harnessing the power of the stars has moved a step closer to reality after scientists set a new record for the amount of energy released in a sustained fusion reaction.

Researchers at the Joint European Torus (JET), a fusion experiment in Oxfordshire, generated 59 megajoules of heat – equivalent to about 14kg of TNT – during a five-second burst of fusion, more than doubling the previous record of 21.7 megajoules set in 1997 by the same facility.

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Can bitcoin be sustainable? Inside the Norwegian mine that also dries wood

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Kryptovault’s operation is part of a fightback against criticism of the famously energy-intensive industry

A line of large blue skips full of chopped wood sit at the back of a site belonging to Norway’s biggest bitcoin mining operation, a 5,000 sq metre warehouse on the outskirts of Hønefoss, a small town 40 miles west of Oslo.

Hot air is being pumped into the 12 skips through bendy corrugated pipes curling out from the warehouse. Despite the snow, it will take a few days for the logs to be dried out, after which a local lumberjack, grateful for the free service, will take them away for sale.

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West accused of ‘climate hypocrisy’ as emissions dwarf those of poor countries

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Average Briton produces more carbon in two days than Congolese person does in entire year, study finds

In the first two days of January, the average Briton was already responsible for more carbon dioxide emissions than someone from the Democratic Republic of the Congo would produce in an entire year, according to analysis by the Center for Global Development (CGD).

The study, which highlights the “vast energy inequality” between rich and poor countries, found that each Briton produces 200 times the climate emissions of the average Congolese person, with people in the US producing 585 times as much. By the end of January, the carbon emitted by someone living in the UK will surpass the annual emissions of citizens of 30 low- and middle-income countries, it found.

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China’s coal production hit record levels in 2021

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In blow to climate campaigners, state encourages miners to ramp up output to avert winter gas crisis

China’s coal production reached record levels last year as the state encouraged miners to ramp up their fossil fuel output to safeguard the country’s energy supplies through the winter gas crisis.

The world’s biggest coal producer and consumer mined 384.67m tonnes of the fossil fuel last month, easily topping its previous record of 370.84m tonnes set in November, after the government called for miners to work at maximum capacity to help fuel the country’s economic growth.

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Global surge in electricity use could bring three more years of price rises

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International Energy Agency says pollution from power generation will worsen until alternatives are found

The global surge in demand for energy could spark another three years of market volatility and record power plant pollution unless countries make major changes to how they generate electricity, the world’s energy watchdog has warned.

The International Energy Agency recorded the steepest ever increase in electricity demand last year, which triggered blackouts in major economies and led to historic energy price highs and record emissions.

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Fury as EU moves ahead with plans to label gas and nuclear as ‘green’

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Brussels faces backlash and charges of greenwashing after publishing draft proposals on New Year’s Eve

The European Commission is facing a furious backlash over plans to allow gas and nuclear to be labelled as “green” investments, as Germany’s economy minister led the charge against “greenwashing”.

The EU executive was accused of trying to bury the proposals by releasing long-delayed technical rules on its green investment guidebook to diplomats on New Year’s Eve, hours before a deadline expired.

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Nord Stream 2: how Putin’s pipeline paralysed the west

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Gazprom’s $11bn project to deliver gas from Russia to Germany seems impossible to abandon and impossible to carry forward

The saga of Nord Stream 2, the gas pipeline between Russia and Germany running along the Baltic seabed, has been stuck so long it has been likened to a suitcase at an airport without a handle – impossible to abandon, and impossible to carry forward. Most of the original cast of characters – Jean-Claude Juncker, Angela Merkel, Matteo Renzi, David Cameron, Petro Poroshenko – have left the political stage. Only one politician has survived the entire story: Vladimir Putin, the Russian President, and the master of divide and rule.

First announced in 2015, the $11bn (£8.3bn) pipeline owned by Russia’s state-backed energy giant Gazprom has been built to carry gas from western Siberia, doubling the existing capacity of the Nord Stream 1 pipeline and keeping 26m German homes warm at an affordable price.

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Kremlin denies restricting gas supplies to Europe for political gain

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European gas prices climb close to record highs as flows on key pipeline move towards Russia

The Kremlin has denied using Russia’s gas resources to turn the screw on Europe, after gas in a pipeline to Germany switched direction to flow eastwards for a second day, keeping prices near record highs as midwinter approaches.

Flows through the Yamal-Europe pipeline to Germany declined over the weekend before stopping on Tuesday and reversing, data from the network operator Gascade showed.

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EU in row over inclusion of gas and nuclear in sustainability guidance

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Activists including Greta Thunberg criticise ‘fake climate action’ in response to planned investment taxonomy

The European Commission is facing a backlash from Greta Thunberg and fellow climate activists over plans to include gas and nuclear energy in a “green” investment guidebook.

Both energy sources are expected to feature in the next part of the EU’s “taxonomy for sustainable activities”, which is expected at the end of the year, following a period of intense political bargaining between the commission president, Ursula von der Leyen; the French president, Emmanuel Macron; and Germany’s new chancellor, Olaf Scholz.

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Global demand for coal could hit all-time high in 2022

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Electricity from coal plants has risen by 9% this year to fuel economic recovery from Covid, says watchdog

Coal power is on track to hit a new global record this year after an economic rebound that could drive worldwide coal demand to an all-time high in 2022, according to the International Energy Agency.

The amount of electricity generated from coal power plants has soared by 9% this year after a surge in fossil fuel demand to fuel the recovery from Covid lockdowns, a report by the watchdog says.

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What burns beneath: the deadly threat of underground coal fires to children in Zimbabwe

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Alisha was eight when she died after being badly burned near a coal mine in Hwange. Families who live in fear of the ground opening up under their children’s feet say more must be done


Alisha Muzvite was out playing when she was caught short and went behind a bush to go to the toilet. But as the eight-year-old crouched down, the ground beneath her shifted, pulling her into one of the underground fires which burn all around her home in Hwange in north-west Zimbabwe.

An aunt pulled her to safety, but Alisha’s legs were so badly burned that they had to be amputated. More than a month after the accident, the little girl died of her injuries.

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Gas crisis fuels call for UK to update energy security policy

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As rising tensions with Russia over Ukraine drive prices to record highs, experts warn of lack of strategy for gas supply

Ministers are relying on an outdated energy security policy, leading academics have warned, as escalating tensions between Russia and western leaders propelled the gas market to record price highs.

UK gas reached a record closing price of 322.5 pence per therm on Tuesday, according to data from market price experts at ICIS, vaulting ahead of the previous high of just over 298p/therm set in early October this year.

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EU urged to rachet up green energy standards for buildings

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Call comes after ambitious early draft of EU energy performance in buildings directive ran into opposition

The EU executive is under pressure to ratchet up green energy standards for buildings, as it prepares a further batch of legislation to tackle the climate emergency.

The European Commission is expected to propose mandatory energy efficiency upgrades for buildings in the EU in legislative proposals published on Wednesday, but MEPs and Green NGOs fear they will not be strict enough.

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Old UK oilwells could be turned into CO2 burial test sites

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Exclusive: Consortium of energy firms and universities says underground storage of hydrogen can also be investigated

Exhausted oil and gas wells would be turned into the UK’s first deep test sites for burying carbon dioxide next year, under plans from a consortium of universities and energy companies.

There are hundreds of active onshore oil and gas wells in the UK. But as they come to the end of their lives, some need to be redeployed for trials of pumping CO2 underground and monitoring it to ensure it does not escape, the group says. The test wells could also be used to assess how hydrogen can be stored underground.

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Battery power: five innovations for cleaner, greener electric vehicles

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EVs are seen as key in transition to low-carbon economy, but as their human and environmental costs become clearer, can new tech help?

While the journey to a low-carbon economy is well under way, the best route to get there remains up for debate. But, amid the slew of “pathways” and “roadmaps”, one broad consensus exists: “clean” technology will play a vital role.

Nowhere is this truer than for transport. To cut vehicle emissions, an alternative to the combustion engine is required.

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Wanted: 100,000 pioneers for a green jobs Klondike in the Arctic

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Europe’s newest industrial megaprojects are relocating to the far north of Sweden. But are curling, wild reindeer and the northern lights enough to convince workers to follow?

One by one, the 20 engineers and technicians step up to receive their equipment before the briefing. They have come to the far north of Sweden from as far away as Mexico, the US, Saudi Arabia, China, Germany and Russia.

“Welcome!” bellows Håkan Pålsson, their instructor. “We’re here to show you how to do curling, and then you’re going to go out on the ice and show us.”

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Bill Gates-backed experimental nuclear power plant heads to tiny Wyoming city

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Officials have announced that Kemmerer, population 2,600, will be the site of a plant featuring a liquid sodium-cooled reactor

A tiny city in the top US coal-mining state of Wyoming is set to become the home of an experimental nuclear power project backed by Bill Gates.

The new Natrium nuclear power plant will be located in Kemmerer, officials announced on Tuesday, and will replace a coal-fired plant that is set to close in 2025.

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China urges developed countries to take the lead in cutting out coal

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After dilution of Cop26 wording, China says developing nations cannot make green transition without support

As Cop26 drew to a close over the weekend, Chinese media highlighted Beijing’s contribution over the last fortnight in Glasgow. “The Chinese delegation took a constructive attitude, actively communicated and negotiated with all parties,” said CCTV’s main evening news bulletin on Sunday. “[It] provided China’s wisdom and China’s solution …”

But when China and India chose the last few hours of negotiations to push for the language on coal to be diluted from “phase out” to “phase down”, both countries came under nearly immediate fire from commentators. Cop president Alok Sharma later urged both countries to “explain themselves and what they did to the most climate-vulnerable countries in the world”.

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Australia news live blog: Barnaby Joyce dismisses Cop26 ‘talkfest’; snap lockdown for Katherine in NT; Qld eases Covid border rules

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Barnaby Joyce says Coalition has done a ‘great job’ on climate policy; Changes to South Australia quarantine and border restrictions; fully vaccinated travellers can apply for Qld border passes from 5pm; Victoria records 860 new local Covid cases and five deaths; NSW records 165 cases and one death. Follow live updates

Cop26 failed in a bid to phase out coal, news that had its president Alok Sharma close to tears. But not everyone’s disappointed – nationals senator Matt Canavan has declared it a great win for Australia’s mining industry.

He told the Nine Network:

Given the fact that the agreement did not say that coal needs to be phased down or taken out, it is a big green light for us to build more coalmines.

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