2 minute read
THE BRIEF
“SO WHEN WE THINK ABOUT CLIMATE MITIGATION, WE ALSO NEED TO THINK ABOUT CLIMATE ADAPTATION AND CLIMATE RISK”
Adam Elman Head of Sustainability Google EMEA
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“CARBON CLEAN RECENTLY CLOSED A $150MN SERIES C ROUND LED BY CHEVRON, WITH PARTICIPATION FROM EXISTING INVESTORS AND NEW INVESTORS”
Prateek Bumb Co-Founder, Carbon Clean
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“WE ARE IN DISCUSSIONS WITH A NUMBER OF POTENTIAL JOINT VENTURE PARTNERS THAT CAN FACILITATE GLOBAL DISTRIBUTION AND MANUFACTURING
Harry Corrigan Founder and Chairman, SolarBotanic Tree Project
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By The Numbers
Less than 1% of cars in the US are electric; this will increase by 23.17% in 2027.
Sinopec and QatarEnergy sign 27 year LNG agreement
China Petroleum and Chemical Corporation (Sinopec) and QatarEnergy have signed a long-term Liquified Natural Gas (LNG) purchase and sales agreement for the annual supply of four million tonnes of LNG to Sinopec.
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Alfa Laval is set to supply the world’s largest green hydrogen plant
Alfa Lavel, the Swedish company specialising in heat transfer, centrifugal separation, and fluid handling, has signed on to supply the world’s largest green hydrogen plant in NEOM, a US$500bn futuristic city that is being built from scratch in the north-western deserts of Saudi Arabia.
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Global number of oil and gas contracts fall by 7% in Q3 of 2022
GlobalData, a data and analytics company, has found that the overall number of contracts in the oil and gas industry declined by 7% in Q3 2022, decreasing from 1,662 in the previous quarter to 1,542 in the current one.
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Energy agreement
US & UK partner on energy agreement
The ‘UK-US Energy Security and Affordability Partnership’ will work to reduce global dependency on Russian energy exports, stabilise energy markets, and step-up collaboration on energy efficiency, nuclear, and renewables.
As part of this, the US will strive to export at least 9-10bn cubic metres of LNG over the next year via UK terminals, more than doubling the level exported in 2021. This will benefit both UK and European partners. To fulfil this shared objective, both governments will work to proactively identify and resolve any issues faced by exporters and importers. Furthermore, the partnership will also drive international investment in clean energy technologies, from offshore wind to carbon capture.
This will complement the work the UK and US are doing together with G7 partners to support the use of clean and sustainable energy in developing countries through the Just Energy Transition Partnerships.
ACCENTURE
Accenture and Planet are set to collaborate on AI-powered geospatial intelligence tools for sustainability, traceable supply chains and climate risk solutions.
FISCHER FARMS
The world’s largest vertical farm, in Food Enterprise Park, Norfolk, is due to open in early 2023. The four-acre site will supply 6.5 tonnes of vegetables all year, and when completed, will be powered by renewable energy.
OIL AND GAS
Oil and gas companies are spending vast sums of around $58bn on new production that will tip the world towards climate catastrophe, reveals a report from the financial think tank Carbon Tracker.
ENERGY CRISIS CONTINUES
Enel's Francesco Starace has stated that it will take years to get energy prices back to pre-Ukraine war levels. The global energy crisis, triggered by Russia's invasion of Ukraine, has displayed a clear over-reliance on one energy source.
W I N N E R S L O S E R S
FEB23
