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  • [New] The Ineos hydrogen business will have its headquarters in the UK and aims to build capacity to produce hydrogen across its network of sites in Europe, in addition to partner sites where hydrogen can accelerate decarbonisation of energy. MSN
  • [New] In what will be Europe's largest ever investment in electrolysis projects to make green hydrogen with the potential to transform zero carbon hydrogen production, chemical giant Ineos is to invest around £1.69bn in green hydrogen production. MSN
  • [New] Another key item to watch will be whether China and India present credible commitments to phase out coal, which remains the world's largest source of electricity generation at around 35% of the global electricity mix, and in China is around 97%. Proactiveinvestors UK
  • [New] In 2005, over 50 Jewish leaders signed the Jewish Environmental and Energy Imperative, committing an 83% reduction of greenhouse gases emitted by the Jewish community by 2050. wp-content
  • [New] Reliance Industries has increased its focus on solar energy segment as it is going to establish and enable up to 100 GW of solar energy in India by 2030, and become a global player in the renewable industry. Moneycontrol
  • [New] Overall, analysts say, at least half a dozen large Russian companies in energy, shipping and mining will benefit from global warming. The New York Times
  • [New] Gas and electricity bills in U.K. went up £139 on average in October, and will rise again.
  • [New] Russia will seek sanctions relief on green investment projects for state-run energy giants such as Gazprom at next month's COP26 climate summit, as it comes under growing pressure to join a commitment to slash methane emissions.
  • [New] 15 major fossil fuel producing countries, including the United States, are planning to produce more oil, gas and coal until 2040, reaching levels more than double what is needed to prevent a catastrophic rise in global temperatures. The New York Times
  • [New] Onshore oil and natural gas deposits, as well as an estimated $1 trillion worth of precious metals and minerals will become more available, but some high-cost offshore oil and gas projects could become unprofitable if the energy transition speeds up. Director of National Intelligence
  • [New] As temperatures rise and more extreme effects manifest, there is a growing risk of conflict over water and migration, particularly after 2030, and an increasing chance that countries will unilaterally test and deploy large-scale solar geoengineering-creating a new area of geopolitical disputes. Director of National Intelligence
  • [New] The energy crisis in Europe and Asia could further increase global demand for oil by 500,000 barrels per day (bpd) compared to a normal market without a crisis in natural gas and coal. OLTNEWS
  • [New] The global green hydrogen market is expected to expand rapidly as a result of its improved functionality and distinct properties, which are required in applications such as oil and gas, petrochemical, electric vehicles, and power generation. MarketResearch
  • [New] The production of green hydrogen is increasingly becoming economical, owing to the continuously decreasing cost of solar photovoltaic and wind electricity generation, which is expected to drive the growth of the global green hydrogen market during the forecast period. MarketResearch
  • [New] Coal, oil and gas production will keep growing at least until 2040, reaching levels more than double what is needed to prevent a catastrophic rise in global temperatures. The New York Times
  • [New] The renewable sources of energy like wind, nuclear fusion, and solar could effectively generate 40% of US electricity by 2030 and 80% of US electricity by 2050. Health
  • [New] Foreshadowed for years, French Canada said it plans to ban fossil fuel production by rejecting exploration and production development and liquefied natural gas exports. Natural Gas Intelligence
  • [New] Though significant global price swings can still influence U.S. gas trade, a more robust storage trajectory in the Lower 48 has reduced the risk of Nymex futures converging with European or Asian gas prices in all but the most extreme scenarios. Natural Gas Intelligence
  • [New] China, along with India - the world's fourth-largest emitter - are incorporating more renewable and low-carbon sources of energy, the NIE says, but several factors will limit their displacement of coal. Washington Post
  • [New] More broadly, the events of 2021 have highlighted how changing weather patterns due to climate change are a growing risk to energy markets, affecting both demand and supply. World Bank
  • [New] High natural gas and coal prices are impacting the production of other commodities and pose an upside risk to price forecasts. World Bank

Last updated: 24 October 2021