Carbon Pulse’s Post

The Deflation we don't really need. A low carbon price sends absolutely the wrong signal about the UK’s commitment to net zero. Somebody explain pls? UK carbon price falls to record low and analysts fear inexpensive cost of polluting will deter investment in renewable energy Financial Times Rachel Millward Can someone explain 🙏 Energy UK James Huckstepp #netzero #carboncredits #carbontrading

🌍 Exciting Update in Energy Transition! 🚀 I just read about the UK’s historic move to stop burning coal for electricity. This marks a significant step towards a cleaner, more sustainable energy future. By prioritizing renewable sources, the UK is setting a powerful example in the fight against climate change. This transition not only reduces carbon emissions but also highlights the importance of innovation and investment in green technologies. Let’s continue to support this momentum and strive for a carbon-neutral future! #CleanEnergy #Sustainability #ClimateAction #RenewableEnergy

The UK energy system needs transformational investment if we’re to reach #NetZero.   But where do we focus investment? Which sectors and which low carbon technologies? And how do we finance the new infrastructure we need?   Check out our web page that charts the UK #EnergyTransition journey so far. It’s full of charts and stats that look at where we need to reduce emissions in the energy system and invest in #LowCarbon energy.   Click to view web page: https://deloi.tt/3SrcPES   #Decarbonisation  

And so it begins. Carbon is the next renewable resource to utilise instead of worry about. It makes so much sense to capture it and reuse it over and over.

Great to see the transition towards a more sustainable energy reality continuing to progress.👏 With the UK as the first G7 country to achieve 50% reduction compared to 1990 levels, I'm looking forward to similar announcements in regard to other major economies in the near future. #energytransition #sustainablefuture #renewableenergy

In a recent interview with Nukta, Faraz Khan MBE, CEO and Partner at #Spectreco, discussed the United Kingdom’s landmark achievement in closing its last coal-fired power plant, Ratcliffe-on-Soar, marking the end of 140 years of coal-based electricity generation. He highlighted the UK’s ambitious policies, carbon pricing mechanisms, and renewable energy growth that made this transition possible, offering valuable lessons for other nations facing coal dependency. Faraz Khan explained that the UK’s Climate Change Act of 2008, combined with a strong carbon pricing system, made coal economically unsustainable, driving a shift towards wind and solar power, with wind energy rising to 25% of the energy mix by 2023. The just transition strategy also ensured that workers in coal-dependent regions were retrained, minimizing economic disruption. Khan noted that while countries like China and India face greater challenges due to their reliance on coal, the UK’s experience shows that ambitious coal phase-outs are achievable with the right policies and investment in renewables. With the UK aiming to fully decarbonize its power sector by 2030, its success offers a compelling model for global climate action ahead of #COP30. Read the full article: https://lnkd.in/dcMfhNvv SAJJEED ASLAM | Shaista Ayesha | Andrew Brewer | Jed Linsider | Adamjee Aftab | Qudsia Sajjeed | Farooq Nasir | Zahida Anwar | Ghazanfar Aleem, ACA| Financial Times | CNBC | Environmental Leadership Program | The Climate Risk Group Pty Ltd | TriplePundit | The Green Economy | Corporate Knights | Sustainable Business Network | Environmental Finance | Responsible Investor | Environmental Science & Technology Ltd | Sustainability Magazine | Renewable Energy World Est. #CleanEnergy #NetZero #CarbonPricing #COP30 #Renewables #JustTransition #ClimateAction #Sustainability

🌍 **Carbon Price in Australia: The Path to $420 per Ton** Australia’s carbon price is set to begin at $70 per ton of CO2-equivalent in 2024 and rise steadily to $420 per ton by 2050, according to the Australian Energy Markets Commission (AEMC). This aligns with the country’s goals to achieve net-zero emissions, transforming the economics of energy markets and driving emissions reductions. This price shift could significantly impact industries like gas-fired generation, pushing companies toward greener alternatives as carbon costs rise. Learn more: https://lnkd.in/g6xaWVS4 #CarbonPrice #ClimateChange #Sustainability #NetZero #EnergyTransition

In a recent interview with Nukta, Faraz Khan MBE, CEO and Partner at #Spectreco, discussed the United Kingdom’s landmark achievement in closing its last coal-fired power plant, Ratcliffe-on-Soar, marking the end of 140 years of coal-based electricity generation. He highlighted the UK’s ambitious policies, carbon pricing mechanisms, and renewable energy growth that made this transition possible, offering valuable lessons for other nations facing coal dependency. Faraz Khan explained that the UK’s Climate Change Act of 2008, combined with a strong carbon pricing system, made coal economically unsustainable, driving a shift towards wind and solar power, with wind energy rising to 25% of the energy mix by 2023. The just transition strategy also ensured that workers in coal-dependent regions were retrained, minimizing economic disruption. Khan noted that while countries like China and India face greater challenges due to their reliance on coal, the UK’s experience shows that ambitious coal phase-outs are achievable with the right policies and investment in renewables. With the UK aiming to fully decarbonize its power sector by 2030, its success offers a compelling model for global climate action ahead of #COP30. Read the full article: https://lnkd.in/dcMfhNvv SAJJEED ASLAM | Shaista Ayesha | Andrew Brewer | Jed Linsider | Adamjee Aftab | Qudsia Sajjeed | Farooq Nasir | Zahida Anwar | Ghazanfar Aleem, ACA| Financial Times | CNBC | Environmental Leadership Program | The Climate Risk Group Pty Ltd | TriplePundit | The Green Economy | Corporate Knights | Sustainable Business Network | Environmental Finance | Responsible Investor | Environmental Science & Technology Ltd | Sustainability Magazine | Renewable Energy World Est. #CleanEnergy #NetZero #CarbonPricing #COP30 #Renewables #JustTransition #ClimateAction #Sustainability

Australia contributes approximately 1.2% of the world’s total emissions. If we went net zero tomorrow, globally not much would change. Regrettably too, larger polluters are ramping up construction of coal-fired power stations. I see this as an unparalleled opportunity for Australia to leverage. We cannot stop developing nations from burning coal whilst it is their cheapest and most-accessible option, but we can ensure that what they do burn produces the least amount of emissions – our Australian black coal. We should rapidly increase our coal exports whilst simultaneously increasing the tax rate on these exports. With this revenue windfall Australia could create a renewable energy advancement fund which focuses further on improving the reliability and productivity of renewables, increases our roll out and assists in projects such as the Australia–ASEAN Power Link. This would not only expedite Australia’s transition but also the world’s as we could become a leader in exporting cheap clean power, knowledge and expertise which is something that in itself is also renewable. This would then guarantee our economy and first-world living standard for evermore with minimal impact on the climate. Read more in my piece 👉🏼 https://lnkd.in/gUYBsbSZ

Net Zero UK – there will be no net zero without CCS? We have been talking about CCS’s potential for decades yet, to date, there is little at scale UK deployment. Why is that? To my way of thinking the answer is clear – it is summed up by Lord Oxburgh’s 2016, CCS report to Government “There is no serious commercial incentive and it will stay that way unless the state demonstrates there is a business there.” DNV-GL's report Heading for Hydrogen (https://lnkd.in/g7mRgGFu) concluded the same - “Today, however, it simply remains cheaper to release emissions than to capture them. So in competitive markets the strongest business cases do not include CCS. This seems to be true of the oil and gas industry: nearly three-quarters of respondents to our survey (73%) say that oil and gas companies will decarbonize only if it makes financial sense for them.” Why would a commercially driven power company seek to deploy CCS? It will clearly add additional capex and opex. Furthermore the power station becomes more complex and is inherently less safe than a station without CCS. The additional parasitic energy needs of the CCS facility means that the station has to buy more gas per MWh produced. More gas means the gas producers are working harder with consequent increased upstream GHG emissions. Commercially, CCS does not appear to make much sense. The commercial case will be helped by the carrot of taxpayer subsidies. Should the UK go for a bigger stick – much higher CO2 taxes? Such taxes would accelerate the adoption of energy efficiency measures and renewable generation – no bad thing. That brings up another point – if power generation CCS is being adopted to manage renewable intermittency, should the price of the renewable electricity reflect the need for CCS investment elsewhere? I cover the parasitic CCS energy requirements here. (https://lnkd.in/de_TqDB)