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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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ExxonMobil Urges EU to Remove ‘Policy Hurdles’ Slowing Oil Industry’s Hydrogen Plans

DeSmogBlog

and other fossil fuel companies are urging the European Union to relax targets to boost climate-friendly “green” hydrogen, hoping to win greater support for projects to manufacture the fuel using natural gas. But the oil and gas industry is pushing hard for increased use of “blue” hydrogen.

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

GreenTechMedia

So the EIB's confirmation last month that it would effectively end support for fossil fuels garnered widespread attention — as much for the signal it sends as for the additional impact the bank can make with the freed-up funds. The EIB's role, in effect, is to bankroll the EU's policy goals. billion ($14.9

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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”. Juliet Philips, senior policy advisor at the thinktank E3G, described it as “a bit of a red herring as a low-carbon solution”. Hydrogen Europe.

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World Bank Continues Financing Fossil Fuels Despite Climate Crisis

DeSmogBlog

billion into fossil fuel projects around the world since the Paris Climate Agreement was signed in 2015, undercutting global efforts to combat the worsening climate crisis. billion in loan guarantees to protect investors in 2018, helping to push TANAP forward, a move that will triple Azerbaijan’s gas exports, according to the report.