bioenergy carbon capture News
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Bioenergy Carbon Capture and Storage: A key enabler of carbon neutrality by 2050
The EU bioenergy sector is at the edge of technological innovations providing unique and sizeable solutions at a time of climate emergency. Drastic reduction of emissions is required, but it is not enough – there is an increasing need to capture carbon back from the atmosphere. Bioenergy Carbon Capture and Storage (BECCS) can achieve negative emissions by storing the CO2 resulting from the ...
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Hundreds of millions of pounds worth of contracts available to build world’s biggest carbon capture project at Drax
Drax is teaming up with Worley, NOF, and the West & North Yorkshire and Hull & Humber Chambers of Commerce to deliver a series of events that will provide British businesses with further information about how they could win contracts to deliver its vital carbon removal technology, bioenergy with carbon capture and storage (BECCS). ...
By Drax Group
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Drax to pilot more pioneering new carbon capture technology
Renewable energy pioneer Drax has partnered with the University of Nottingham and Promethean Particles to trial a pioneering new bioenergy with carbon capture and storage (BECCS) process at its North Yorkshire power station. ...
By Drax Group
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Europe’s First Bioenergy Carbon Capture and Storage Pilot Now Underway
The commissioning of an innovative Bioenergy Carbon Capture and Storage (BECCS) pilot plant at Drax Power Station has started with the first carbon dioxide expected to be captured in the coming weeks.If successful, the six month pilot project will capture a tonne of CO2 a day from the gases produced when renewable power is generated using biomass at Drax – the UK’s biggest power station, near ...
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Businesses from across the region come together to learn how they can contribute to building the world’s biggest carbon capture project at Drax
More than 328 businesses came together this week at an event run by renewable energy company Drax and its engineering, procurement and construction partner, Worley, to learn how they can win contracts worth hundreds of millions of pounds to deliver Drax’s vital carbon removal technology, bioenergy with carbon capture and storage (BECCS). More than 328 businesses from across ...
By Drax Group
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REA responds to the Biomass Strategy Call for Evidence
REA responds to the Biomass Strategy Call for Evidence saying the Government must re-assert its commitment to delivering a strong biomass sector, by continuing to build on existing bioenergy heat, transport, and power sectors. The response welcomed Government’s recognition that biomass had a crucial role to play, but policy gaps need to be addressed Significant potential for ...
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Davey to host international clean energy talks
Floating wind turbines are to be the initial focus of a new agreement between Britain and the United States this week as international talks convene in London to accelerate the deployment of clean energy technologies. Energy Ministers from 23 of the world’s leading economies will gather in London on Wednesday and Thursday to discuss accelerating the transition to clean energy technologies. ...
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EU Invests Over €1 Billion in Innovative Projects to Decarbonize the Economy
The European Union is investing over 1.1 billion into seven large-scale innovative projects under the Innovation Fund. The grants will support projects aiming to bring breakthrough technologies to the market in energy-intensive industries, hydrogen, carbon capture, use and storage, and renewable energy. The projects are located in Belgium, Italy, Finland, France, the Netherlands, Norway, Spain ...
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Drax Cuts Emissions by Over 90% to Become One of Europe`s Lowest Carbon Power Generators
British renewable energy company Drax Group has cut the carbon emissions from its power generation by over 90 per cent in under a decade, becoming one of Europe's lowest carbon intensity power generators and moving it closer to achieving its world-leading ambition to be carbon negative by 2030. Formerly the largest coal power station in Western Europe, Drax has this year ended commercial coal ...
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World Clean Energy Investment Heads for Second Successive Annual Fall
Global investment in clean energy was $45.9bn in the third quarter of 2013, down 14% on the second quarter of this year and 20% below the number for Q3 2012, according to the latest data on deals and projects compiled by research company Bloomberg New Energy Finance. The latest figure makes it almost certain that investment in renewable energy and energy-smart technologies such as smart grid, ...
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Development banks finance record amount in clean energy
Clean energy financing by the world’s development banks increased 19% last year to break through the $100bn-a-year barrier for the first time. The top three banks were Germany’s KfW, China Development Bank and the Brazilian Development Bank (BNDES). In 2012 development banks financed $109bn in renewable energy, energy efficiency, and electrical transmission and distribution, ...
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Renewables Power Britain to New Carbon Emissions Record
On Sunday June 30 carbon emissions from electricity fell to just 97g per kWh, breaking the previous record of 104g per kWh set last summer, and for the first time ever meeting the UK Committee on Climate Change’s 2030 target of 100 g per kWh for a whole day.June 30 was also the first ever day when more than half of Britain’s electricity was powered by renewables – 39% from wind, 9% from solar, 8% ...
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A global drilling fund could solve geothermal’s catch-22
The mature and zero-carbon technology of geothermal power is being held back by the cost and uncertainty of drilling wells, but new research suggests a possible answer The Catch-22 problem that is holding back world investment in geothermal power could be addressed via the establishment of a “global geothermal exploration drilling fund”, with either private investors and banks or ...
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China’s power sector heads towards a cleaner future
China’s power capacity will more than double by 2030 and renewables including large hydro will account for more than half of new plants, eroding coal’s dominant share and attracting investment of $1.4 trillion. China’s power sector carbon emissions could be in decline by 2027. China’s power sector is expected to go through significant changes through to 2030, according to ...
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Weakest quarter for clean energy investment since 2009
Global investment in clean energy in the first three months of 2013 was lower than in any quarter for the past four years, according to the latest figures from research company Bloomberg New Energy Finance. The first quarter investment figure for renewable energy, energy efficiency, and energy-smart technologies was $40.6bn, down 22% on the equivalent period of 2012 and 38% on the final quarter ...
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Tax Professionals Unfamiliar With US Clean Energy Incentives, Survey Finds
Tax professionals are generally unfamiliar with the various tax incentives available to private investors in clean energy projects, despite the fact that many have participated in other kinds of "tax equity" transactions, according to a survey conducted by Bloomberg BNA in consultation with Bloomberg New Energy Finance. The online survey of subscribers to Bloomberg BNA's Tax and Accounting ...
By Bloomberg
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Bioenergy integrated in the bio-based economy crucial to meet climate targets
The 24th European Biomass Conference and Exhibition in Amsterdam has provided a unique overview of the state of play of the sector and a much clearer view than before of the role biomass can play in achieving the transition to a low carbon economy. After the historical Climate agreement at COP 21, international institutions and scientific organizations agree that biomass and the bio-based ...
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NYSE Euronext and Bloomberg New Energy Finance Partner on Launch of Family of Clean Energy Indices
Today, NYSE Euronext in partnership with research company Bloomberg New Energy Finance will launch three regionally-focused clean energy stock indices, enabling the quoted companies most active in the world's historic shift to low-carbon energy to be tracked in unprecedented detail. The indices, covering respectively the Americas, the Europe, Middle East and ...
By Bloomberg
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Clean Energy Investments in Latin America Total $9.7 billion in 2012
Total new financial investments in clean energy in non-BrazilLatin America rose 127% in 2012 compared to 2011 figures, reaching $4.6 billion. This growth reverses the first global decline in new clean energy investments last year, as the region became more active in renewable energy. The trend emerges as 200 senior level financiers and developers will meet at the 3rd Annual Renewable Energy ...
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Seven-Point Plan for Japan’s Energy Strategy Post-Fukushima
The crisis at the Fukushima Daiichi nuclear reactors, and sudden gap in Japan’s power capacity, should prompt the country to adopt a bold, seven-point plan for its future energy mix. Research by Bloomberg New Energy Finance shows that Japan has much better options than simply increasing its reliance on fossil-fuel generation. The Fukushima disaster caused Japan ...
By Bloomberg
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