Navigating the energy transition to net zero — the course is set

For decades, pressure has been building on the energy sector to decarbonise. In 2020, we witnessed a paradigm shift in the sector. Offering investors a low carbon future Pressure to decarbonize has been driven by growing evidence and awareness of the link between burning hydrocarbons and climate change, and the prevalence of hydrocarbons in our … Read more

EEG 2021 – New German Renewable Energies Act in force from 1 January 2021

The new German Renewable Energies Act 2021 (“EEG 2021”) was finally passed on 18 December 2020 and came into force on 1 January 2021, subject to certain exemptions. The EEG 2021 aims to promote the further expansion of renewable energies and the energy transition in Germany, and achieve greenhouse gas (“GHG”) neutrality by 2050. Setting … Read more

Decarbonisation of the LNG Supply Chain: challenges and the way forward

Why decarbonisation? Projections from various organisations all show a significant role for gas in the energy mix to meet global energy demand in 2050. Indeed, gas has widely been seen as a “transition fuel”; a bridge between an economy running on coal vs one running on renewables. However, increasingly the lifecycle emissions of gas as … Read more

Carbon capture, usage and storage – point 8 of the UK Government’s Ten Point Plan

Becoming a world-leader in carbon capture, usage and storage (CCUS) technology is at the heart of the UK Government’s new plan for a “green industrial revolution” released on 18 November 2020 (Ten Point Plan). The Ten Point Plan makes it clear that by capturing carbon from power generation, low carbon hydrogen production and industrial processes, … Read more

Homes and public buildings – point 7 of the UK Government’s Ten Point Plan

One of the aspects of the Government’s new Ten Point Plan is to make homes and public buildings greener. According to Government figures, homes in the UK made up 15% of greenhouse gas emissions in 2018, or 22% if electricity consumption is included. The Government anticipates £11 billion of private investment in this area over … Read more

Spanish Government announces first renewable energy auction for new remunerative scheme

The Spanish Government recently approved Royal Decree 960/2020, of 3 November, which regulates the remunerative framework applicable to renewable energy production facilities (RD 960/2020), which was analysed here. In order to develop and implement RD 960/2020, the Ministry for Ecological Transition and the Demographic Challenge approved Order TED/1161/2020, of 4 December, which regulates the first … Read more

Summary: Revised TEN-E Regulation – future financing of European energy infrastructure

The European Commission has announced this week a proposed revision of the Trans-European Networks for Energy Regulation (the TEN-E Regulation). The revision aims to bring European energy infrastructure in line with the EU’s new climate targets and the European Green Deal. Changes in technology and ambitions have required new infrastructure categories along with changes to … Read more

Revised TEN-E Regulation – future financing of European energy infrastructure

Background The primary driver behind the revision of the TEN-E Regulation is to align the regulation with the new European Green Deal. The European Green Deal aims to transform the EU into a fair and prosperous society with a modern, resource-efficient and competitive economy. The TEN-E Regulation is seen as a central instrument for the … Read more

Jet Zero and Green Ships – point 6 of the UK Government’s Ten Point Plan

Shipping and aviation are key contributors to the UK economy, with estimates being that, before the COVID-19 pandemic, they contributed over £40 billion and £20 billion, respectively each year. They are important sectors in achieving the UK’s net-zero ambition, but decarbonising these industries is a challenging exercise. Emissions from international aviation and shipping are not … Read more