Germany Blocks Oil Companies From Using Past Emissions Credits

, a move that will boost the country’s biofuel industry which has been impacted by a rapid drop in carbon prices in recent years. In recent years, oil companies operating in Germany have met emissions goals by selling extra biodiesel; with sales clocking in at 3.4 million metric tons in 2022, 34% above their target.

However, concerns arose over a year ago when doubts arose about whether some of these projects met the required standards or even existed As many of the world’s governments continue pushing to a greener future, the energy transition is colliding with another challenge facing the world as it struggles to emerge from the pandemic skyrocketing food prices. Many energy companies plan to increase their biofuel capacity by 2030, mainly using crops like corn and soybean oil as a major feedstock.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Oil, Gas Companies Set To Spend More in 2025WoodMackenzie Investments in oil and gas among the 23 biggest producers in the world are set to climb by over 60% by next year.
Källa: OilandEnergy - 🏆 34. / 68 Läs mer »

UK made legal error in granting oil and gas licences, companies will admitRosebank and Jackdaw projects to be scrutinised in key case for future offshore fossil fuel projects
Källa: ftenergy - 🏆 47. / 63 Läs mer »

How oil and gas companies disguise their methane emissionsFT analysis shows that firms regularly hide leakages of the deadly greenhouse gas — despite this being one of the easiest climate fixes there is
Källa: FT - 🏆 113. / 51 Läs mer »

Oil Market News Oil Prices Jump as OPEC Delays Output HikeOil prices jumped in early trading on Monday as OPEC delayed its planned production hikes yet again.
Källa: OilandEnergy - 🏆 34. / 68 Läs mer »