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Energy
EU Approve Support for French Floating Offshore Wind Farms
The European Commission has given the green light for the French Government’s plans to support four demonstration floating offshore wind farms. They will consist of three to four turbines – installed in the sea on floaters – and will each…
Decarbonisation ‘Could Leave Fossil-Fuel Economies Stranded’
Global decarbonisation could turn fossil fuel-reliant economies into ‘stranded nations’ unable to unlock the value of carbon-based assets and infrastructure. These are the findings of a new World Economic Forum study, which shows the world’s sovereign wealth funds collectively own…
IKEA Buys 25% Stake in German Offshore Wind Farm
Ingka Group, a company which owns most of the IKEA stores, has bought a 25% stake in an offshore wind farm in Germany. It has paid more than €200 million (£174m) for the stake in Veja Mate, which consist of…
Could Moon Mining Mission Be the Key to Sustainable Rocket Fuel?
A mission to mine on the moon could be the key to creating sustainable rocket fuel. That’s the verdict from the European Space Agency (ESA) and the ArianeGroup, which have signed a one-year contract to prepare for a space-based mission…
Drax Becomes ‘World’s First’ Bioenergy Plant to Capture Carbon from Wood-Burning
The giant Drax power station, near Selby in North Yorkshire, has become the first in Europe to capture carbon dioxide (CO2) from wood-burning. Drax burns seven million tonnes of wood chips each year to drive generators to make electricity. The…
Australia Rejects New Coal Mine on Environmental Grounds
An Australian court has rejected plans for a new coal mine on environmental grounds. In a landmark ruling for the coal-dependent nation, Chief Justice Brian Preston said the proposed facility in New South Wales would worse climate change and would…
US ‘to Export More Energy Than It Imports by 2020’
The US is expected to export more energy than it imports by 2020 for the first time since the 1950s. That’s according to the Energy Information Administration (EIA), which suggests that is likely to happen as increases in crude oil…