Shell sold millions of ‘phantom’ carbon credits on.ft.com/3WL7efx

This happens when useless techs that increase CO2, pollution & fossil mining are promoted

CCS Project Cancelled, Another Failing as Industry Navigates Bad Week
theenergymix.com/one-ccs-projec… The Energy Mix

Reality
web.stanford.edu/group/efmh/jac…

IEEFA.org Robert Howarth mike andrade

The swing in Germany's current account balance with China from a sizeable surplus to a deficit - driven by goods trade - in such a short time is staggering. And the EU's deficit is double the German one. More tariffs (and non-tariff barriers) are coming.

High voltage cable makers: FCF estimates (€mn)

NKT $NKT
Prysmian $PRY
Nexans $NEX

These three groups control 70% of the supply of high voltage cabling. - FT

Wind and solar generated a record 27% of EU electricity in 2023, contributing to a fall in gas power as the EU pushed to reduce dependency on Russia.

alicemhancock in the Financial Times

ft.com/content/16031b…

Top #PPA Sellers and Buyers in March 2024

This chart provides some deep insights into what is happening in the global auto market.

1) This chart shows the aggregated (summed up) free cash flow (FCF) of 34 automakers, combined accounting for approximately 98% of global vehicle sales.
2) You can see a negative FCF…

Thank you Grok!
🎙Redefining Energy podcast is number 2

“Based on the provided information, some of the best energy podcasts for 2024 include:

1. **Energy Transition Now** - A podcast focused on the transition to a net-zero emissions energy system, featuring discussions with stakeholders in…

That GrokAi is pretty good!
⬇️⬇️⬇️⬇️⬇️⬇️

The poor performance of Audi and Porsche are a disaster for VW Group!
Most of VW Group's cash used to come from Audi/Porsche.

Since VW Group fully consolidates Audi/Porsche, we can work out what the rest of the group delivered.

VW Group lost $1.1 billion in Q1.
-of which…

It looks as though the full power of Hornsea is starting to make an impact as 2024 wind is comfortably up. Yes it's been a bit windier but you get more bang for your buck as it's so rarely curtailed, being not in Scottish waters.

See the tweet below for more detail on that.

WoW 🤩 our show is 007.
“My name is Energy, Redefining Energy”

climatedrift.com/p/10-climate-p…

The US has basically stopped building the transmission infrastructure needed to bring more generation online.

New policies passed this week should improve the permitting process. But, other factors like interest rates and high costs drive the slow down too.

Public net generation in the European Union has dropped by 192 TWh (7,3%) from 2021 to 2023 .

Meanwhile wind and solar jumped 147,6 TWh (22,8%).

Add to that nuclear and hydro rebounded in 2023 (60 TWh) and we're entering 2024 with a huge oversupply of electricity sources.

The global energy storage market almost tripled in 2023, the largest year-on-year gain on record. 📊

And in 2024, the market is set to add more than 100 GW-hours of capacity for the first time, largely driven by growth in China.

The $2.6bn plan to connect Texas to the US power grid on.ft.com/4dlIbW4

Sales volume change from Q4 to Q1. Some automakers split into only their BEV sales '(BEV only)'. [update: first time inclusion of Ford/KIA]

Verra - Standards for a Sustainable Future & ART by Winrock International now CCP-Eligible! Together with ACR, CAR & Gold Standard, they cover 98% of the #VoluntaryCarbonMarket . 📈

🔗Read the full press release: icvcm.org/integrity-coun…

💡 Rare Earths Prices and Future Supply 💡

Western governments are starting to pledge meaningful funding for rare earth projects outside of China – but the biggest challenge will be the need for higher prices, as Benchmark's new infographic shows.

Benchmark provides independent…