Norway to ban petrol cars by 2025, be carbon neutral by 2030
Yesterday, Norway’s parliament agreed to cut the country’s net greenhouse gas emissions to zero by 2030.
This comes on the heels of the news that the largest oil producer in the European Economic Area could also be the first country in the world to ban the sale of petrol-fuelled cars.
On Friday, Dagens Naeringsliv, a business newspaper headquartered in Oslo, boasted a front page headline claiming that Norway’s four political parties have agreed to: “Stop sales of diesel and gasoline vehicles in 2025”.
The proposal has yet to be passed into law, and some outlets have reported that right-wing representatives have contested its validity.
As it stands, almost a quarter of the 150,000 cars on Norway’s roads are electric, though the oil and gas industry still accounts for one-fifth of the country’s GDP.
In April, Norway’s Petroleum and Energy Ministry released a report establishing targets for energy policy. Øyvind Korsberg, an MP for the Progress Party, explained:
“After 2025 new private cars, buses and light commercial vehicles will be zero-emission vehicles. By 2030, new heavier vans, 75 percent of new long-distance buses, 50 percent of new trucks will be zero emission vehicles.”
Hydropower plants already generate more than 96 percent of the country’s electricity.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.