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The European Investment Bank Has Quit Fossil Fuels. Now What?

GreenTechMedia

billion), the European Investment Bank is one of the sector’s biggest lenders. And for every euro the EIB puts into a project or business, around seven more are invested by the private sector. According to the International Energy Agency, global renewables investment in 2018 amounted to $300 billion. billion ($14.9

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Most EU Hydrogen Projects Risk Prolonging Use of Fossil Fuels

DeSmogBlog

The European Commission is facing calls to assess the climate impact of scores of proposed hydrogen projects after data revealed that 90 percent of them could be used to prolong the use of planet-warming natural gas. Climate change is accelerating and droughts and floods are hitting our continent,” she said.

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Drax Cancels Plan to Build Europe’s Largest Natural Gas Power Plant

GreenTechMedia

gigawatt natural gas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. He said the prospects for gas-fired power vary greatly around Europe. Plans for a new 3.6-gigawatt

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Fossil Fuel-Linked Companies Dominate Sponsorship of COP27

DeSmogBlog

The findings underscore concerns over the role of the fossil fuel industry at the negotiations, known as COP27, which have become a focal point for deals to exploit African natural gas. These talks are supposed to be about moving us away from fossil fuels, phasing them out,” Sabido told DeSmog.

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EU wants to allow natural gas, nuclear in green investment

Renewable Energy World

BRUSSELS (AP) — The European Union on February 2 proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” Germany, Europe’s largest economy, demanded that gas be part of the plan.

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Mapped: Europe’s Fossil Fuel-Backed Hydrogen Lobby

DeSmogBlog

The fuel comes in a variety of “colours”, depending on how it is produced, with almost all hydrogen currently created using fossil gas and termed “grey”. When taking into account methane its climate footprint is “more than 20 percent greater than burning natural gas or coal for heat”, they found. Hydrogen Europe.

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Green Hydrogen in Natural Gas Pipelines: Decarbonization Solution or Pipe Dream?

GreenTechMedia

Can carbon-free hydrogen augment, or even replace, the fossil natural gas running through pipelines to fuel furnaces, boilers, stoves and other building applications today? Natural gas utilities around the world are seeking real-world answers to these kinds of questions.