energy transition Archives

energy transition

Big power companies invested over €11 Bn in Spain between 2016 and 2018

IBEX, Markets 3rd February 2020

Spanish Big Power Companies Invested Over €1.15 Bn In Spain Between 2016 and 2018

The five main integrated utilities operating in the Spanish electricity sector (EDP, Endesa, Iberdrola, Naturgy and Viesgo) invested over 11 billion euros in their activities in this market between 2016 and 2018, according to a report prepared by Deloitte. Of this total investment figure, €1.15 Bn corresponded to R&D&I in those three years, of which almost a third was allocated to electricity in Spain over the period.

Repsol aims to become the first oil and gas company in the world to achieve net zero emissions by 2050

IBEX, Markets 5th December 2019

Repsol Aims To Become The First Oil And Gas Firm In The World To Achieve Net Zero Emissions By 2050

Repsol expects to adjust the accounting value of some assets, with a post-tax accounting charge of approximately 4.8 billion euros in order to achieve net zero emissions by 2050. This adjustment will reduce specific reported income for 2019 but does not alter the company’s cash flow for the year nor the announced proposal to increase shareholder remuneration.

World economy 21st November 2019

The transition from fossils to renewables and its impact on consumer prices

Roula Inglesi-Lotz and George Alex Thopil (The Conversation) | The transition from fossil fuels to cleaner energies is a global pursuit. But it’s faster and more intensive in some countries than others.

IBEX 14th May 2019

Repsol: best placed for new sulphur reduction law

Renta 4 | Repsol Downstream investors’ day showed not only the firm’s resilience but also its capacity for future growth. We recall that within its growth target for operational cash flow from 4.6 Bn€ in 2017 to 6.5 Bn€ in 2020 at 50%/b, Downstream cash flow would grow 800 M€: 300 M€ from international margins, 200 M€ from improvements in profitability from greater efficiency and 300 M€ from expansion and new low carbon business preparing for the energy transition.

Carbon emissions will reach 37 Bn tonnes in 2018, a record high

World economy 30th April 2016

Industrial Growth In A Post-Paris World

Kate Gordon via Caixin| It’s official: we’re in a time of energy transition. On April 22, Earth Day, the UN’s most recent climate deal – known as the Paris Agreement – will be formally signed in New York, ushering in a new era of country-led action to reduce carbon emissions.