Electrification of heat
Industrial heat constitutes most of the direct industrial CO2 emitted each year, as the vast majority of heat for industrial processes originates from fossil-fuel combustion.
Decarbonization requires a dramatic shift in how heat is generated as well as consideration of different technology and fuel needed for the required temperature levels.
Investment into the electrification of heat via solar, geothermal and other technologies, as well as carbon capture options are all being explored.
Our experience in the power and renewables sector has been gained by advising on all aspects of the development of power and renewables projects, across all technologies.
Bruck geothermal power plant
Financial Services Regulatory Developments in ESG
ESG is high on the regulatory agenda. Businesses, governments, regulators, financial services firms and individuals all have a part to play in tackling climate change and this view is increasingly shared across society.
A Boost to Integrity in the Voluntary Carbon Market
The Integrity Council for the Voluntary Carbon Market launches the Core Carbon Principles for the Voluntary Carbon Market
EU scales up green subsidies: How to benefit from support for clean investments
On March 9, 2023, the European Commission (EC) adopted changes to its State aid framework to support its “Green Deal Industrial Plan for the Net-Zero Age” (the Net Zero Plan) presented in February 2023. The Net Zero Plan is part of the European Green Deal, which aims to make Europe the world’s first climate-neutral continent by 2050.
Banco Santander, S.A. advised on US$22.3m ECA-backed financing
Norton Rose Fulbright represented Banco Santander, S.A. in the closing of a US$22.3 million ECA-backed loan to Brazilian utility company Eletronuclear.
Energy Transition Services
We are committed to helping our clients evolve and thrive as the world changes and would be delighted to discuss how we can help you.