EU
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Proving that green hydrogen can efficiently power steel pipe manufacturing could advance the EU’s plan to decarbonize its heavy industry by importing the sustainable fuel from North Africa after 2030.
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By initially ring-fencing Absheron’s gas for the domestic market, Azerbaijan will be able to export more of its overall gas production to Europe from across other projects.
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Europe is providing a stark look at the vagaries of geo- and energy politics and how quickly complacency can be shattered. Will its lessons learned be heeded by the rest of the world?
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By turning its back on Russian oil and gas, will Europe speed up or slow down its energy transition, and what will be the impact on global climate change?
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As Europe’s second-largest LNG hub after Spain, the UK promises to play a near-term role as an “energy bridge” to ease the EU’s dependence on Russian energy, given that the UK can ship regasified product directly to the continent via subsea pipeline.
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The US Energy Information Administration said the US, Qatar, and Russia fed well over half of Europe’s supply of LNG last year.
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France expects to exceed self-imposed limits on coal usage to avoid power outages. This comes as nuclear power plants undergo maintenance and there are not enough renewable energy systems to fill the gap.
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The European Commission is expected to allow investments flowing into natural gas and nuclear energy projects to be considered as “green” investments, assuming certain criteria are met. Germany and France, however, differ in their approaches to renewables. While Germany has abandoned nuclear power in favor of natural gas, France continues to rely on nuclear.
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Lawmakers on the European Parliament’s environment committee voted to approve the EU’s landmark climate change law, clearing one of the final hurdles before it enters into force.
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Carbon credits, carbon taxes, and emissions trading systems are familiar terms in discussions about global warming, the Paris Agreement, and net-zero emissions goals. The EU is moving to act on an addition to the glossary of climate policy: carbon tariff.
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