News
Publish date: March 28, 2014
Written by: Joanna Ciesielska
News
Chancellor of the Exchequer, George Osborne, delivered the Budget Statement to the House of Commons on Wednesday 19 March 2014.
Other main points under climate and energy were the freezing of the carbon price floor at €21.7 (£18) per tonne after 2016, a new compensation package for the UK’s energy intensive industries and new tax breaks for North Sea oil and gas operators.
The €72.5 million CCS support through the 2014 budget comes in addition to the €150 million (£125m) cross-government Carbon Capture and Storage R&D Programme 2011-2015. Funding comes from the Department of Energy and Climate Change (DECC), the Technology Strategy Board (TSB), the Energy Technologies Institute (ETI) and the Research Councils.
Furthermore, the Budget Report states that there is no change in the government’s ambition for the deployment of new renewable generation or strike prices, and that the government remains committed to growth in low-carbon technologies.
Access the 2014 Budget Report here.
Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our main focus lies in identifying the factors that contribute to pollution risks and climate change.