Browsing: carbon

BP’s decision to write down up to $5 billion from its gas and low carbon energy division places a hard number on what has been an increasingly visible problem for the company: its early and aggressive push into renewables has failed to deliver competitive returns relative to its peers.

The UK government’s Phase Two reports from the Direct Air Capture and Greenhouse Gas Removal Innovation Programme reveal early but instructive results from a diverse portfolio of carbon removal technologies.

China has sharply criticised the European Union’s Carbon Border Adjustment Mechanism (CBAM), describing aspects of the scheme as discriminatory and misaligned with the country’s green development progress.

Germany’s carbon dioxide emissions fell to 640 million tonnes in 2025, a 1.5 percent year-on-year decline that places the country 49 percent below its 1990 baseline. On paper, the national target under the Climate Change Act was met. In practice, the slowdown in emission reductions compared with 2024 signals a more fragile trajectory, driven less by structural decarbonization and more by weak industrial output and favorable solar conditions, according to Agora Energiewende’s annual review of Germany’s energy year.

LAB7, the venture building arm backed by Saudi Aramco, has taken a strategic stake in U.S. startup Homeostasis to explore an alternative production route that converts carbon dioxide into synthetic graphite.

From subsurface hydrogen disputes and aviation feasibility to the raw material limits of Net Zero, Best of Face to Face 2025 captures the most consequential debates EnergyNews.biz hosted this year.

As the European Union’s Carbon Border Adjustment Mechanism enters its fully operational phase on January 1, the policy is shifting from a theoretical deterrent to a real cost line item for exporters of emissions-intensive goods.

China has inaugurated its first million-tonne near-zero-carbon steel production line in Zhanjiang City, Guangdong Province, signaling a significant step in the decarbonization of the steel industry.

Artificial intelligence is rapidly reshaping global electricity demand, with recent estimates suggesting that AI systems alone could soon consume power on a scale comparable to that of the United Kingdom.

Frontier, the carbon removal initiative backed by Stripe, Alphabet, Shopify, Meta, McKinsey, and other corporate partners, has signed a $44.2 million offtake agreement with Canadian biowaste specialist NULIFE GreenTech to remove 122,000 tonnes of CO₂ between 2026 and 2030.