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OPINION: Feasibility doubts do not diminish IEA report s significance

25 May 2021 6:38 GMT Updated  25 May 2021 6:45 GMT OPINION: The International Energy Agency (IEA) has detonated any consensus that the oil and gas industry was moving fast in the right direction on climate. The Paris-based agency may have done so willingly or inadvertently, but this particular genie will not go back in the bottle. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Gain valuable insight into the global oil and gas industry s energy transition from Environmentalists and critics seized on one scenario that suggested that plans for new drilling on oil and gas fields This has now become widely accepted as IEA thinking from an organisation established in 1974, after the first Opec oil embargo, to ensure steady global supplies.

How Australia s government is trying to create fossil funding agencies

Australian renewables agency to be allowed to fund hydrogen and carbon capture

19 May 2021 6:00 GMT Updated  19 May 2021 6:04 GMT in  Perth The industry body representing Australia’s oil and gas industry has welcomed new regulations that will allow the Australian Renewable Energy Agency (Arena) to provide support to non-renewable projects. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Gain valuable insight into the global oil and gas industry s energy transition from Historically, Arena has only been allowed to fund renewables projects, but the federal government introduced new regulations on Wednesday to expand the remit of the agency to include a wider range of clean energy technologies. This will give Arena the power to provide financial support to both renewable and non-renewable low-emission technologies, including carbon capture and storage (CCS) and hydrogen.

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