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Will Covid-19 Permanently Shrink The Fossil Fuel Industry?

R-Squared Energy

The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. The fossil fuel industry has faced an oversupply problem, as well as a public relations problem.

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Has the IPCC just given the green light for a renewed focus on carbon removals?

Business Green

The world's top climate scientists have updated their guidance on carbon removals technologies, arguing they are likely to prove essential to stablising global temperatures, but only if they are developed judiciously.

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Why We Need Carbon Capture and Sequestration

Green Market Oracle

Carbon capture and sequestration have often been considered technologies of last resort. As emissions keep rising and global carbon budgets decline, it is becoming increasingly apparent that if we are to stave off the worst of climate change we must deploy and scale these desperate remedies as quickly as possible. Welch, 2019).

Carbon 52
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Why Aren’t Lower Renewable Costs Cutting European Energy Market Prices?

GreenTechMedia

Paul-Frederik Bach, a former transmission system operator executive, started tracking European wholesale electricity prices on his blog in 2014. That’s despite the fact that renewable generation is increasingly contributing to low or even negative pricing on spot markets. He used a colored map for different price bands.

Energy 130
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Urban Future Lab, Greentown Labs, and the Fraunhofer USA TechBridge Program Announce the Carbon to Value Initiative

Greentown Labs

Leading climatetech innovation organizations launch multi-year initiative to accelerate the trillion-dollar carbon-to-value market. More than 100 gigatons of carbon, in the form of carbon dioxide, must be removed from the atmosphere by 2050. Newswise — New York City, N.Y., and Somerville, Mass., July 16, 2020.

Carbon 92
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Why Flexible Gas Generation Must Be Part of Deep Decarbonization

GreenTechMedia

“They are donating all of this electricity they paid highly for in subsidies to other countries, often with negative prices,” said Jussi Heikkinen, director of growth and development for the Americas at Wärtsilä, a Finnish company that manufactures battery storage and flexible gas power plants.

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Climate Sceptic Goes Unchallenged on BBC’s Today Programme

DeSmogBlog

Porter states in her Twitter bio that she works with “businesses with projects across the electricity, gas and oil industries”, though these professional links to fossil fuel interests were not identified on the Today programme.