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Roundup

This Week in The Energy Sector – 5th to 11th Sept

By September 11, 2023No Comments

UK Government Accused of Setting Back Climate Action as Wind Project Dealt Major Blow

  • The UK Government has been criticised for hindering climate action after Wales’ flagship offshore wind project failed to secure a contract in the renewable energy auction. 
  • The low maximum price for generators deterred bidders, and the government was urged to reform the auction framework to reflect rising costs. 
  • The failure to secure the project is a setback for southwest Wales’s economy and renewable energy industry.

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German Parliament Approves Plan To Replace Fossil-fuel Heating Systems

  • Despite infighting within the governing coalition, Germany’s parliament has approved legislation to replace fossil-fuel heating systems. 
  • The bill calls for newly installed heating systems in new housing developments to be at least 65% renewable energy, with subsidies available to help people switch. 
  • Existing heating systems will be allowed to continue until 2045, when all systems must be switched to renewable energy. 
  • The plan still needs approval from parliament’s upper house.

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Woodfibre Lng Signs Third Sales Agreement With BP

  • Woodfibre LNG has signed a third sales agreement with BP Gas Marketing to deliver liquefied natural gas (LNG) from its export facility in British Columbia. 
  • The agreement includes an additional 0.45 million tonnes of LNG annually over 15 years. 
  • Woodfibre LNG aims to achieve net zero carbon emissions and is set to begin construction this month.

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Allianz Announces First Net-zero Transition Plan With 2030 Intermediate Targets For Core Business Segments

  • A leading insurer and asset manager, Allianz has announced its first net-zero transition plan. 
  • The plan includes intermediate targets for 2030, such as a 30% reduction in carbon emissions for its retail motor segment and a 45% reduction in greenhouse gas emissions in its commercial insurance segment. 
  • Allianz also plans to invest an additional €20 billion in climate and cleantech solutions by 2030. 
  • The company aims to achieve net-zero emissions by 2050.

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Department Of Energy Announces $112.4 Million For Research To Support National Biopreparedness And Response

  • The U.S. Department of Energy (DOE) has announced $112.4 million in funding for 10 research projects to support national biopreparedness and response capabilities. 
  • The projects will utilise DOE’s unique capabilities and facilities to study pathogen interactions, develop models for epidemic spread, design anti-pathogen materials, and enhance biopreparedness and response techniques. 
  • The funding builds on the success of the National Virtual Biotechnology Laboratory’s contributions to the fight against COVID-19.

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