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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry

DeSmogBlog

billion supporting the fossil fuel and petrochemical industry. Taxpayer handouts to Canada’s wealthiest companies means that less money is available for the types of investments that could actually help people across the country who are deciding between food and energy bills,” she said.

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Green hydrogen held back by lagging policy support and rising cost pressures

Envirotec Magazine

The report suggests steps for governments to take, to reduce risk and improve the economic feasibility of low-emissions hydrogen. Interest in new hydrogen projects remains strong but economic headwinds “will challenge the resolve of developers”, says a new report by the International Energy Agency (IEA).

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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. “The

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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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Fuel bills could rise 90% under Government’s hydrogen plans

Envirotec Magazine

Replacing gas with hydrogen for home heating would result in huge energy bill rises for households over the next three decades, a report by energy analysts Cornwall Insight appears to find. The report, commissioned by MCS Charitable Foundation, projects that hydrogen would cost 70-90% more than gas on average.

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Mapped: Europe’s Fossil Fuel-Backed Hydrogen Lobby

DeSmogBlog

Hydrogen has shot up the European legislative agenda in recent years, with politicians of all stripes touting its potential to help countries meet their climate goals. 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”.

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Green day unravelled: Pundits respond to policy package

Envirotec Magazine

An apocalyptic “meh” seemed to greet the government’s bumper package of energy- and climate-related policy announcements and documents released on 30 March, which appeared short on new ideas and sources of funding. A central plank was the policy paper “Powering Up Britain” , which presented plans for tackling energy security and net zero.

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