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News from World

tag: Gas

download.jpg 09 February 2023

Fertilizer profits skyrocket

A Moroccan fertilizer firm saw record profits after the war in Ukraine sent European feedstock prices soaring. The most common fertilizers are synthesized from methane. Organic fertilizers are products that result from processes of transformation of organic waste, for example tannery waste. [Ukraine war fallout benefits one of world's biggest fertiliser ...- FT]

 

 

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download.jpg 02 February 2023

On "carbon credits" purchased by fashion brands to offset CO2

A joint investigation by the Guardian, Die Zeit and SourceMaterial found that more than 90% of offset credits sold to protect portions of the rainforest are "ghost credits" and do not represent true reductions in carbon dioxide emissions. Gucci reacts through the public response of the certifier Verra, who denies the  investigation. Vogue Business reflection  is that "Carbon credits are defective. For now they are still needed"

 

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2023-01-03_qv0y9ffx4b.jpg 04 January 2023

The new energy map

Russia is expanding its gas pipeline to China, and the United States received its first Venezuelan oil exports in four years. Meanwhile, a hastily built terminal in Germany accepted its first shipment of U.S. gas. The Ukraine war has reshaped the global energy map, forcing Moscow to look east as Europe increasingly refuses its exports, and Washington to revive troubled relations with Caracas. Still, this energy diplomacy may have a short shelf life. Given China’s rapid investment in renewable energy, and the years-long build time of new gas pipelines, it may be that Moscow’s investment doesn’t pay off for long.

 

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2023-01-03_qv0y9ffx4b.jpg 04 January 2023

The new energy map

Russia is expanding its gas pipeline to China, and the United States received its first Venezuelan oil exports in four years. Meanwhile, a hastily built terminal in Germany accepted its first shipment of U.S. gas. The Ukraine war has reshaped the global energy map, forcing Moscow to look east as Europe increasingly refuses its exports, and Washington to revive troubled relations with Caracas. Still, this energy diplomacy may have a short shelf life. Given China’s rapid investment in renewable energy, and the years-long build time of new gas pipelines, it may be that Moscow’s investment doesn’t pay off for long.

 

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03 January 2023

Record profits for energy firms

Oil and gas companies’ stock prices shot up this year despite otherwise miserable results for global equities. The energy sector as a whole saw share prices rise 60 percent in 2022, compared to a decline of more than 20 percent for the S&P 500 index overall, according to the Financial Times.

 

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download (3).jpg 19 December 2022

The European Parliament and Member States have reached an agreement on the reform of the CO2 market and to reduce the impact of greenhouse gases

The agreement achieves the goal of reducing CO2 emissions by 55% by the end of the decade. A new Emissions Trading System (ETS) and a Social Climate Fund (SCF). Power generators and heavy polluters covered by the ETS will have to reduce their pollution by 62% by the end of the decade, 1% more than initially proposed by the European Commission.  Waste will be covered by the scheme from 2028, with potential derogations until 2030.  [EU reaches deal on critical climate policy after marathon talks – Politico]

 

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