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World Bank Climate Policy
World Bank Revises Climate Policy but Continues Fossil Fuel Funding Valerie Volcovici, Andrea Shalal, Kate Abnett- Reuters (March 31): A revised World Bank policy on climate change commits to making financing decisions in line with efforts to limit global warming but stops short of promising to halt funding of fossil fuels, according to a draft bank presentation […]
Poland Demand to Soar
Demand to Rise as Poland Reduces Coal Agnieszka Barteczko (March 30): Poland’s demand for gas will jump by 60% over the next 10-13 years from around 20 bcm annually, gas grid operator Gaz-System said, as coal-reliant Poland sees gas as a transition fuel before switching to nuclear and renewables. Piotr Naimski, the government official responsible for […]
Mozambique Attack Analyzed
What Went Wrong? Theo Neethling, The Conversation (March 30): Recent events in Palma, a town in the volatile Cabo Delgado province in the north of Mozambique, have taken bloodshed in the region to new levels. Dozens of people were killed when hundreds of Islamist militants stormed the town on March 25. The conflict has put […]
Brunsbüttel Finalizing Contracts
Germany’s Brunsbüttel LNG Terminal Finalizing Import Contracts (S&P Global Platts) Stuart Elliott (March 29): The developer of the planned 8 Bcm/year LNG import terminal at Brunsbüttel in northern Germany is finalizing binding import contracts with several market players. German LNG Terminal—whose developers are Gasunie, Vopak, and Oiltanking—is one of three LNG import terminals under development […]
China Coal Use Soars
China Approved 46 GW of Coal in 2020 Josh Siegel and Abby Smith, Wash. Examiner (March 29): Provincial governments in China greenlighted 46 GW of new coal power plants in 2020, more than the previous three years combined, the environmental group Greenpeace reported today. New permits for coal ballooned last year after China eased its […]
Kinder Morgan CO2 Business
Kinder Morgan Seeks to Expand CO2 Business in Clean Energy Push Sergio Chapa, Bloomberg (March 29): Fueled by a push to eliminate GHG emissions, carbon capture and renewable energy projects are sprouting up alongside Kinder Morgan’s massive network of pipelines and the midstream operator sees the potential for new business opportunities. Through a unit launched […]
EPRI’s Mansoor on Climate Math
EPRI CEO Tells Biden How to Do His Climate Math Abby Smith, Wash. Examiner (March 27): Arshad Mansoor, CEO of the Electric Power Research Institute, is cautioning the Biden administration not to fixate on reaching carbon-free power by 2035. Instead, Mansoor is calling on the administration to broaden its view so it doesn’t compromise the […]
Shell’s Big Bet on Gas
Risky As Shift to Green Energy Speeds Up Sarah McFarlane (March 27): RDS bet big on natural gas as the energy source of the future when it bought BG Group for $54 billion. Five years later, it appears the gas era will not last long… Maarten Wetselaar: “If you look at the global gas industry, […]
Carbon Neutral Cargo to Korea
RWE Shipped a Carbon-Neutral LNG Cargo to Korean Steelmaker Posco The cargo was delivered to the Gwangyang terminal in South Korea, the companies reported on March 26. Its emissions from wellhead to delivery were offset by retiring carbon credits, known as verified emissions reductions certificates, which are issued to various projects that capture or avoid […]