Shell supports UK government’s decision to bring forward its 2040 petrol and diesel ban
The Netherlands-based oil and gas giant, Royal Dutch Shell, has announced its support for calls to the UK government to bring forwards its ban on the sales of new petrol and diesel car sales.
The ban had previously been set for 2040, but committees led by Members of Parliament (MPs), mayors in London, Manchester, and the west midlands, and the Green Alliance thinktank have all requested the deadline to be brought forward to 2030, in line with other nations.
“If you would bring it forward, obviously that would be welcome. I think the UK will have to go at a much higher speed than the speed the rest of the world can go,” stated Ben van Beurden, CEO of Shell, when asked if he wants the deadline of the ban to change, the Guardian claims.
The Chief Executive Officer argued that by implementing the ban sooner than initially planned, the government would provide more clarity for firms in the industry.
Companies such as Shell could avoid unbeneficial investment opportunities, whilst the decision could change the attitudes towards the environmental damage on the fuels.
It is anticipated that continents such as Africa and Asia will be unable to meet such a deadline until a later date, with van Beurden noting that “the world will work at different speeds”.
With electric vehicles (EVs) sales anticipated to grow in order to displace petrol and diesel-powered vehicles, the pose issues for oil firms.
EVs are expected to not only reduce demand for the fuel, the vehicles will no longer require the use of traditional petrol stations.
Shell has begun installed EV charging points in some of its stations, as well as acquiring EV infrastructure companies.
Hydrogen Map shows 57 projects are operational globally
Currently there are 57 projects operational and a further 58 will be in development by the end of 2021. Construction of another 92 are slated to begin in the next decade.
Western Europe and Asia Pacific, which account for more than 83% of known low-carbon hydrogen projects, are driving growth, but US projects are rising. The US is well positioned to lead the green hydrogen economy due to the abundant, low cost renewable energy sources needed to produce it, such as wind, solar, hydropower and nuclear, according to McKinsey.
A hydrogen production facility being built at the Tabangao refinery in Batangas, Philippines is slated to be the first to generate blue hydrogen, in which hydrogen is produced using fossil-fueled sources but the resulting carbon emissions are captured, stored or reused.
"Low carbon hydrogen and ammonia production is the key to decarbonising the hard-to-decarbonise sectors like transportation, industry and buildings”, said Pillsbury energy partner and Deputy Energy Industry Group leader Elina Teplinsky.
"This map will be a helpful tool for a broad audience of policy makers, industry participants and investors, sustainability analysts, advocates and journalists tracking the development of low-carbon hydrogen projects and encourage dialogue between those parties to further accelerate adoption of this transformational technology."
"With governments and enterprises worldwide increasingly prioritising decarbonisation goals, we are laser-focused on helping clients capitalise on the enormous opportunities that the ongoing energy transition presents,” said partner Sheila Harvey, who serves as firm-wide Energy Industry Group leader at Pillsbury and co-leads the firm’s Hydrogen practice.
Hydrogen practice group co-leader Mona Dajani, who heads Energy & Infrastructure Projects and Renewable Energy teams, said energy demand is driving significant innovation in the hydrogen space.
"Green hydrogen projects, which combine renewable power sources with hydrogen production, are unlocking new possibilities for regions previously constrained by weak grid connections and transmission bottlenecks and marking a crucial step in the development of the green hydrogen business case," she said.
New Australian clean energy storage startup Endua aims to build hydrogen-powered energy storage and deliver sustainable, reliable and affordable power.
Endua is backed by $5 million in funding, technology and industry expertise from CSIRO, Australia’s national science agency; Main Sequence, the deep tech investment fund founded by CSIRO; and Ampol, the country’s largest fuel network.