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    United Kingdom Onshore Wind Generation Has Now Reached 37GW

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    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    To Help Find Stranded Assets, Fossil Fuel Registry Launched

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    China Propels Wind Sector To Set Q2 Peak For Turbine Orders

    Largest Waste-To-Energy Plant In The World Is 85% Complete

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    Energy Industry Employment Reach Pre-Pandemic Levels- IEA

    Energy Industry Employment Reach Pre-Pandemic Levels- IEA

    Germany Prepares for Hybrid War as Russia Cuts Gas to Europe

    EU To Act To Reduce Liquidity Stresses In Energy Markets

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

    China Leads The Offshore Wind Assessment For HY1 22 By WHO

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    Abengoa completes construction of three solar fields at the world’s largest concentrated solar power complex in Dubai

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To Help Find Stranded Assets, Fossil Fuel Registry Launched

in News, Thermal Power

September 19 saw the official debut of the first global registry of oil and gas reserves, production, and emissions, according to Carbon Tracker and Global Energy Monitor, which includes information on more than 50,000 fields.

In order to help investors better understand which assets may be at risk of being unprofitable or stranded during the low-energy transition, the database makes hitherto divergent or difficult-to-access data publicly available. Additionally, it might support activists’ efforts to influence governments or manufacturers to reduce the production of fossil fuels.

Having all of this data readily available, cross-referenced, and searchable is a huge help. Among other things, this will assist them in focusing and honing their thematic involvement and stewardship, said Eric Christian Pedersen, Nordea Asset Management’s Head of Responsible Investments.

According to the non-governmental organisations that created it, the Global Registry of Fossil Fuels includes information for locations in 89 nations, accounting for 75% of global output. The Global Energy Monitor-GEM said that the register compiled information from government agencies, state-owned and commercial businesses, news and media sources, NGOs, and local contacts who might provide first-hand knowledge of a project.

With the Registry, it will be much simpler to incorporate anticipated future pollution into the analysis and to identify and prioritise the organisations that are most at risk of sheltering assets that are likely to become stuck, according to Pedersen.

The registry has given a price to this, even though there is little doubt that a large portion of the world’s reserves of oil and gas will need to remain underground to prevent a major worsening of the climate. According to them, producing and burning the world’s resources would result in more than 3.5 trillion tonnes of greenhouse gas emissions, which is more than seven times the amount of carbon that can still be added to the atmosphere to limit global warming to 1.5 degrees Celsius.

Calculating the life-cycle emissions of a unit of oil, gas, or coal is not simple and frequently relies on calculations rather than observations that can vary greatly.

If the powerful but transient greenhouse gas methane is turned into carbon dioxide equivalent data over a 20-year period as opposed to a 100-year period is one factor, for instance.

Johnny West, Lead modeller of Koinon Consulting, which assisted Carbon Tracker, said it may sound dry and technical, but it contributes around another five gigatons of CO2e-carbon dioxide equivalent emissions a year. Such information, according to Deborah Gordon of the Rocky Mountain Institute’s climate intelligence group, is essential so that businesses and the government can focus on the dirtiest fields first.

There is too little transparency present. It is hard, if not unattainable, to establish reservoir and activity data, Gordon added.

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