UK North Sea Transition Deal – a closer look

As we reported last week on this blog, the UK Government published its landmark North Sea Transition Deal with the UK oil and gas sector. We look at these developments in more detail in this post. Introduction                                      … Read more

UK’s Industrial Decarbonisation Strategy: one step closer to net zero?

On the 17 March 2021, the UK’s Department for Business, Energy and Industrial Strategy (BEIS) published a comprehensive 175 page decarbonisation strategy placing the industrial sector at the core of the UK’s ambition to reach net-zero carbon emissions by 2050. The strategy, which BEIS describes as the “world’s first” to set a specific vision for … Read more

EU Commission approves Dutch State Aid for hydrogen production

Late 2020 recorded the publication at European level of significant documents and decisions in relation to hydrogen. In particular, following the Hydrogen Strategy implemented by the Commission in July 2020[1], on 11 December the Council published its conclusions on the steps to be taken to create a hydrogen market for Europe[2], on 17 December an … Read more

Joining the race to zero – UN launches Green Hydrogen Catapult

Aiming to drive down the cost of green hydrogen, the Green Hydrogen Catapult initiative launched by the UN on 8 December 2020 sees a coalition of global green hydrogen leaders come together with a target to deploy 25GW of renewables-based hydrogen production over the next six years. The Green Hydrogen Catapult coalition, which includes ACWA … Read more

Hydrogen – point 2 of the UK Government’s Ten Point Plan

Hydrogen is one of the ten points in the UK Government’s new plan for a “green industrial revolution” revealed on 18 November 2020. In 2021, the Government’s hydrogen strategy will be published which will set out business models and the revenue mechanism for private sector investment. There will also be a consultation on the Government’s … Read more

EU Hydrogen Strategy – a call to action

On 8 July 2020, the European Commission (the “Commission“) published its European Hydrogen Strategy (the “Hydrogen Strategy“) and launched the industry-led European Clean Hydrogen Alliance (the “ECHA” or the “Alliance“). (1) The European Hydrogen Strategy (A) Background: A Policy Framework for Energy Transition & Decarbonisation The Hydrogen Strategy sets out the Commission’s vision for how … Read more

Investments in Energy: The Case for Oil and Gas [In a Nutshell]

Joining William Powell and Joseph Murphy of Natural Gas World, Lewis McDonald discusses what the future now looks like in terms of investments in energy, namely oil and gas. Given the burgeoning global population, rising standards of living and climate goals, there has been a serious increase in awareness and concern in global climate change around the world. The environmental, social and governance (ESG) agenda is now at the top of many companies’ priorities though currently appearing to mainly affect companies in Europe and less so in Asia. Prior to the outbreak of the Covid-19 pandemic, ESG was the major issue being discussed in board rooms. With about 12,000 entities, together controlling around $14 trillion, divesting or wanting to divest from fossil fuels primarily based on consumer demand and consumer sentiment and where the laws and regulation are heading, we have seen rather a chilling effect on investment in the oil and gas sector – and the big question is ... where does it all go from here… Read more