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Grid investment key as renewables dominate future energy economy says IEA

Smart Energy International

The International Energy Agency’s (IEA’s) latest World Energy Outlook (WEO) report finds that, as the world moves towards a more electrified and renewables-based energy system, which will be needed to prevent costs associated with potentially volatile fuel prices, investment in robust, digitalised grid systems will need follow suit.

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‘We Have to Stop Demonising Oil and Gas’ Jacob Rees-Mogg Told UAE Investment Chief

DeSmogBlog

Former Business and Energy Secretary Jacob Rees-Mogg spoke of his desire for people to “stop demonising oil and gas” in a private meeting with the head of the United Arab Emirates’s state investment company, DeSmog can reveal. Rees-Mogg held the meeting on 17 October 2022, during the short-lived tenure of former Prime Minister Liz Truss.

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Could surging gas prices help solve the methane leak crisis?

Business Green

New IEA analysis reveals methane emissions from the energy sector are 70 per cent higher than official reports, but could high gas prices finally prompt operators to tackle the problem. It is one of the biggest and most worrying mysteries in the field of climate science: where are all the methane emissions coming from?

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B.C.’s late LNG bet appears risky in a competitive market

Clean Energy Canada

If the federal and provincial governments live up to their climate commitments (namely on methane reduction, industrial carbon pricing, an emissions cap and ensuring that new LNG projects reach net zero on scope 1 and 2 emissions), over eight Site C’s worth of additional electricity would be required to electrify the six LNG projects in B.C.

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Canada must stop treating its Big Oil as some sacred cow

Clean Energy Canada

The final wording of the COP28 agreement – which required consensus among all nations and the chair – codified a commitment to transition away from fossil fuels in energy systems. Adding to the problem is that the fossil-fuel sector is Canada’s fastest-growing source of emissions. But all was not lost.

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Critics Say Barclays’ New Restrictions on Financing Oil and Gas Projects Are Too Limited and Too Late

DeSmogBlog

But the newly adopted measures, which were announced last week, leave the London-based multinational with plenty of flexibility to continue financing fossil fuel extraction — and some critics say they don’t go far enough. Publicly, Barclays has signaled an intent to pivot away from fossil fuels and help power the rise of green energy.

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'The green recovery starts at home': EU accelerates Green Deal with buildings, chemicals, and methane plans

Business Green

In the latest addition to its 'green recovery' package, the European Commission yesterday unveiled a flurry of crucial green strategies, targets, and policies, ranging from new green building and renewable energy programmes, to tighter rules governing chemical use and methane emissions.

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