The International Energy Agency (IEA) is about to launch the world’s first roadmap to net-zero emissions by 2050. The UK and the Netherlands already set binding CO2 reduction goals and if US President Biden follows through on his pledges, countries accounting for over 60% of global emissions will have net-zero ambitions.
The US Department of Energy’s Office, staffed by the outgoing President Trump, has launched a report on impacts of the so-called “ill-conceived ban on hydraulic fracturing,” proposed by the incoming administration of President-elect Joe Biden. The ban will allegedly cost millions of jobs and make gas and power prices surge.
Norwegian-German registrar and classification society DNV-GL has decided to suspend works for the Nord Stream 2 project. Vessels, supervising progress on the controversial pipeline project, are deemed “subject to US sanctions,” DNV-GL said, noting it “will no longer provide services that may be incompatible with the PEESA law.”
Electricity Generating Public Company (Egco) of Thailand has applied to the state regulator for a licence to import LNG to fuel gas-fired power plants. Egco said the 256 MW Banpong plant and the 121 MW Klongluang plant “could use additional supplies,” though they already source gas from state-run PTT.