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UK GHG emissions fell by 4pc in 2024

  • Spanish Market: Agriculture, Electricity, Emissions, Metals, Natural gas, Oil products
  • 27/03/25

The UK's greenhouse gas (GHG) emissions fell by 4pc year-on-year in 2024, provisional data released by the government today show, driven principally by lower gas and coal use in the power and industry sectors.

GHG emissions in the UK totalled 371mn t of CO2 equivalent (CO2e) last year, the data show, representing a fall of 54pc compared with 1990 levels. The UK has legally-binding targets to cut its GHG emissions by 68pc by 2030 and 81pc by 2035 against 1990 levels, and to reach net zero emissions by 2050.

The electricity sector posted the largest proportional year-on-year fall of 15pc, standing 82pc below 1990 levels at 37.5mn t CO2e.

The decline was largely a result of record-high net imports and a 7pc increase in renewable output reducing the call on coal and gas-fired generation, as well as the closure of the country's last coal power plant in September, which together outweighed a marginal rise in overall electricity demand, the government said.

Industry posted the next largest emissions decline of 9pc, falling to 48.3mn t CO2e, or 69pc below 1990 levels, as a result of lower coal use across sectors and the closure of iron and steel blast furnaces.

Fuel supply emissions fell by 6pc to 28.4mn t CO2e, 63pc below where they stood in 1990. And emissions in the UK's highest-emitting sector, domestic transport, fell by 2pc to 110.1mn t CO2e, 15pc below 1990 levels, as road vehicle diesel use declined.

Emissions in the remaining sectors, including agriculture, waste and land use, land use change and forestry (LULUCF), edged down collectively by 1pc to 67.2mn t CO2e, some 50pc below 1990 levels.

Only emissions from buildings and product uses increased on the year, rising by 2pc as gas use increased, but still standing 27pc below 1990 levels at 79.8mn t CO2e.

UK-based international aviation emissions, which are not included in the overall UK GHG figures, rose by 9pc last year to reach pre-Covid 19 pandemic levels of 26.1mn t CO2e, the data show. But UK-based international shipping emissions edged down by 1pc to 6.2mn t CO2e.


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30/04/25

Japan’s Sojitz to enter biomethane production in India

Japan’s Sojitz to enter biomethane production in India

Tokyo, 30 April (Argus) — Japanese trader Sojitz has decided to fund Indian biomethane producer IOC GPS Renewables (IGRPL), in efforts to enter biomethane production and sales in India. IGRPL's biomethane project requires over $400mn, Sojitz announced on 30 April, but Sojitz declined to disclose the funding amount. IGRPL is a company jointly launched by Indian biomethane plant constructor GPS Renewables and India's state-controlled refiner Indian Oil. Sojitz will conduct the funding in line with these two companies by the end of May, Sojitz told Argus . IGRPL plans to begin operating 30 biomethane plants in India during the 2026-27 fiscal year to 2027-28, targeting 160,000 t/yr of biomethane production. The company first produces biogas, a mixture of methane and CO2, by processing agricultural wastes using bacteria. It then purifies the biogas to be used as biomethane. IGRPL's biomethane plants will mainly use paddy straws as feedstock, which are usually burned in the country after harvesting rice. The produced biomethane is expected to be supplied to domestic gas firms, and those companies will use the biomethane for blending with conventional city gas. This will help to cut greenhouse gas emissions compared with using only conventional gas derived from fossil fuels, Sojitz said. Sojitz does not plan to export this project's biomethane to Japan for now, the company explained to Argus , but will later consider expanding the biomethane business to other regions by utilising GPS Renewables' technologies. By Kohei Yamamoto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Woodside’s Louisiana LNG signs gas supply deal with BP


30/04/25
30/04/25

Woodside’s Louisiana LNG signs gas supply deal with BP

Sydney, 30 April (Argus) — Australian independent Woodside Energy has signed a long-term supply deal with oil major BP for feedstock gas for the first two stages of its Louisiana LNG project, totalling 16.5mn t/yr, ahead of first production planned for 2029. The agreement is the first in a series of planned deals enabling diversified supply into the three-train Louisiana LNG project, with up to 640bn ft³ (18bn m³) to be piped to the facility via the proposed Line 200, Woodside said on 30 April. Lines 200 and 300 form one of two interstate pipeline schemes proposed as part of the project. The dual 42-inch pipelines running about 37 miles (60 km) and 34 miles respectively from Ragley in Beauregard Parish to Carlyss in Calcasieu Parish, Louisiana, have planned capacity of 4.6bn ft³/d with maximum seasonal capacity of 5.7bn ft³/d, Woodside said. The 96-mile Driftwood mainline pipeline to be built through Evangeline, Acadia, Jefferson Davis and Calcasieu parishes will average 4bn ft³/d, Woodside said. Woodside reached a final investment decision for Louisiana LNG on 29 April after selling down 40pc of the project's infrastructure to US-based investment firm Stonepeak in early April. The facility holds permits for 27.6mn t/yr of capacity, with an eventual total of five trains planned. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

New Zealand's Auckland airport delays new runway plans


30/04/25
30/04/25

New Zealand's Auckland airport delays new runway plans

Sydney, 30 April (Argus) — New Zealand's Auckland airport, the country's largest, will delay plans for a second runway for at least 10 years because of operational and efficiency measures, it said on 29 April. Its plans to build a second runway by 2028 would be delayed by a decade, but operational innovation could extend that timeline further. The airport's master plan anticipates 38mn passengers/yr will transit through Auckland by 2047, up from 18.6mn in the 2024 fiscal year to 30 June, with air cargo growing by 40pc to 223,000 t/yr by 2047. The airport has yet to reach pre-Covid-19 passenger numbers and its main user, state-controlled carrier Air New Zealand, has reported ongoing problems with aircraft availability , which has slashed its available seat kilometres — a metric used to calculate capacity — in January-June. Auckland's passenger numbers for the first three months of 2025 dipped by 1pc on the year and on the quarter (see table) with domestic travel plummeting while international transits increased slightly on the quarter. Auckland's available seats to the US dropped by 18pc during March because of cancelled services, the airport said. New Zealand's jet fuel imports totalled 26,000 b/d in the January-March quarter, data from analytics firm Kpler show. Official data for October-December 2024 show 34,000 b/d of imports, up by 17pc on the quarter. The New Zealand government is exploring options for increasing fuel security, including developing biofuels, in the wake of twin reports into the nation's situation released in February. By Tom Major Auckland Airport passenger traffic (mn) Jan-Mar '25 Oct-Dec '24 Jan-Mar '24 q-o-q % ± y-o-y % ± Total 4.93 4.99 5 -1 -1 International 2.79 2.75 2.79 1 0 Domestic 1.86 2.24 2.21 -17 -16 Source - Auckland Airport Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Indonesia secures $60mn JETP funding for solar power


30/04/25
30/04/25

Indonesia secures $60mn JETP funding for solar power

Singapore, 30 April (Argus) — State-owned PLN Indonesia Power (PLN IP) and Saudi-listed Acwa Power will receive $60mn in funding from the Just Energy Transition Partnership (JETP) to develop a solar project in Indonesia, indicating there is still interest in financing the country's energy transition. The 92MW peak (MWp) Saguling floating solar project in west Java will receive the funds from German development finance institution DEG, French development finance institution Proparco and Standard Chartered bank, announced the Glasgow Financial Alliance for Net Zero (GFANZ) on 29 April. PLN IP and Acwa Power signed a power purchase agreement in August 2024 to jointly develop the solar project. The $60mn for the project is in addition to $1.2bn which Indonesia has already secured under the JETP. Indonesia joined the JETP in 2022 and is supposed to receive $20bn through the scheme from international partners including GFANZ, to help its coal phase-out. US president Donald Trump's decision to withdraw the US from the JETP raised concerns earlier in 2025 on whether Indonesia could stick to its energy transition policies. But the US' withdrawal may not necessarily have a major impact on JETP funding. The latest investment "points to appetite from both public and private sectors to finance the country's green energy transition," said GFANZ. France has already mobilised over €450mn ($511mn) for Indonesia's energy transition through the JETP, according to the ambassador of France to Indonesia, Fabien Penone. PLN IP, a sub-holding of state-owned electricity company PLN Persero, is the largest power generation company in southeast Asia. Indonesia's electricity demand is expected to grow by about 3.8pc/yr to 1,813TWh/yr by 2060, but its power sector is still heavily reliant on coal, which made up 61.8pc of the electricity mix in 2023. In comparison, renewables made up 19pc, out of which solar and wind power constituted a mere 0.2pc. Indonesia has large solar potential of up to 3,295GW, said PLN IP's president director Edwin Nugraha Putra. The Saguling solar project, which is expected to reduce carbon emissions in Indonesia's power system by at least 63,100 t/yr, will also increase the share of solar in Indonesia's electricity production by around 13pc, according to GFANZ. The share of renewables in Indonesia's power mix is expected to rise to around 21pc by 2030 and 41pc by 2040, according to think-tank Ember. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Trump tweaks tariff burden on US automakers


29/04/25
29/04/25

Trump tweaks tariff burden on US automakers

Washington, 29 April (Argus) — President Donald Trump's administration has offered to offset the 25pc tariff on foreign-made auto parts, scheduled to start on 3 May, and to exempt auto parts from any additional tariffs they face from other import taxes imposed in recent months. Trump, who today announced the change in tariffs ahead of a political rally in Michigan, a key US car manufacturing state, cast his decision in terms of giving US automakers a reprieve from his tariff policies. But as in other cases when he changed his mind on tariffs, the US auto industry will still face a substantial burden from import taxes imposed since Trump took office. Trump's 25pc tariffs on foreign cars went into effect on 3 April, and a 25pc tariff on imported auto parts was scheduled to go into effect on 3 May. Under an executive order Trump signed today, the auto makers can be partially refunded the cost of the tariffs on imported auto parts, subject to a cap of 15pc of the value of an assembled car until April 2026, dropping to a 10pc cap until April 2027. The refund cannot exceed 3.75pc of a car's manufacturer suggested retail price in the first year, dropping to 2.5pc in the second year. The idea behind the adjustment is to force US automakers to become wholly reliant on auto parts made in the US in the next two years, commerce secretary Howard Lutnick explained. In theory, at least, a US-made car that is made with 85pc domestic components would not face an additional tariff cost. A separate executive order clarifies that the tariffs on foreign-made cars and auto parts will not be calculated in addition to any other tariffs Trump has imposed on Canada and Mexico, and will not be counted on top of tariffs imposed on steel, aluminum and their derivative products. "This is just a little transition," Trump told reporters at the White House today, announcing the latest reversal of his tariff policy. "We're just giving them a little chance, because in some cases, they can't get the parts fast enough." By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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