Articles about: "Climate"

Climate

ecopetrol

India’s enhanced climate pledges fall short of expectations

Some climate watchers are unhappy India has dropped bold commitments made by Modi in Glasgow last year and fear the nation will burn more dirty cheap coal to provide affordable energy to its population.

Historic climate law will cut US emissions

Huge investments in renewable energy will accelerate transition, but climate justice advocates voice concerns about being left behind.

Democrats “side deal” to ease pipeline permitting faces activist blowback

The secondary agreement with Senator Manchin to “streamline” infrastructure permitting faces uncertain odds.

IOCs’ climate scenarios lack consistency: research

Researchers have found that climate scenarios published by oil companies often lack sufficient scope in terms of emissions accounted for, timeframes and data transparency.

Germany ploughs €3bn into phasing out district heating gas

Germany has introduced a €3 billion support scheme to promote renewable energy in district heating, with direct grants expected to be available from September for network operators wishing to phase out fossil fuels.

Green groups sue over U.S public land sale

The lawsuit claims the federal government’s auctioning off of public lands for oil and gas is illegal in light of the climate crisis.

Biden warns of climate emergency but takes modest action

He announced some new offshore wind plans and also steps to protect communities from extreme heat, but climate groups are fed up with slow action.

Danish CO2 tax aims to hasten energy transition

Denmark has introduced a CO2 tax in a bid to support the goal of 70% CO2 reductions by 2030 and to help speed up the energy transition such as the expansion of offshore wind power.

U.S. Supreme Court shoots down climate programme

The highly-anticipated case stopped short of an all-out assault on EPA authority, but the Court signalled its hostility to federal climate regulation.

spain green hydrogen

Faster energy transition will create jobs, cut bills

A new study has found that government policies that help accelerate the energy transition to net zero will reduce future energy bills and create jobs while maintaining GDP growth in both advanced and developing economies.

U.S. LNG building boom threatens climate goals

Two dozen LNG projects are in the works in the U.S., but the rush for gas is both a financial and a climate risk, according to two new reports.

Los Angeles aims to block gas in new buildings

The second largest city in the U.S. will ban gas in new homes and businesses, part of a growing movement to halt the growth of gas.

Lower valuations for green firms spark transition growth

Lower valuations for green companies are creating opportunities for oil and gas companies to fulfil transition objectives through acquisition. Purchases are on the rise.

Ukraine war boosts Danish ‘energy islands’ plan

Denmark’s plans to export renewables to North West Europe via energy islands in the North and Baltic Seas are beginning to look increasingly promising following growing political support to tackle energy security and volatile prices due to the Ukraine war.

spain green hydrogen

Colombia’s energy transition at play in pivotal election

With both candidates opposed to fracking, the future of Colombia’s pilot unconventional exploration projects Kalé and Platero, is uncertain.

Quebec is first jurisdiction to ban oil and gas. Will there be more?

A handful of governments have decided to restrict oil and gas development. But climate targets mean that many more will need to follow.

Renewables and hydrocarbons jostle for investors

Inflationary pressures are making investment in low carbon solutions more expensive, while ESG concerns mean many O&G companies are also avoiding an increase in hydrocarbon investment.

Renewables grow fast despite supply bottlenecks

Europe has unveiled new plans to speed up renewables, while the U.S. sees headwinds.

Oil and gas majors’ climate plans under scrutiny

Even burning just the oil, gas, and coal in existing fields and mines would far exceed the carbon budget for a 50% chance of staying below 1.5°C warming, a new report has found.

UN Sec-Gen calls for renewables investments to triple

UN Secretary-General António Guterres has proposed what he calls “five critical actions” to jump-start the energy transition, including phasing out subsidies for fossil fuels and tripling private and public investments in renewables to at least US$ 4 trillion dollars a year.

Climate think-tank casts doubt on hydrogen blending

Plans for large-scale green hydrogen blending using existing natural gas infrastructure is at best a “highly inefficient solution for power generation and heating,” according to the Energy Innovation paper.

Cheaper to switch from coal to green than to gas: study

The declining cost of renewable energy technologies and battery storage coupled with rising volatility in prices for fossil gas has boosted the economics of renewables further. Analysis carried out by TransitionZero found it is now cheaper to switch from coal to green than from coal to gas in power generation.

Biden breaks campaign promise with federal lands lease sale

Constrained by a court decision, the Biden administration said it would auction off land for new oil and gas drilling. But climate activists see the move as backtracking on climate progress

Fossil fuel demand not supply needs cutting, says report

Wood Mackenzie makes five key points that governments and business should consider as they grapple with the twin challenges of energy security and meeting emissions reductions targets.

For Poland, offshore wind key to energy transition

Poland is betting on offshore wind to reduce its dependence on coal and strengthen energy security. The regulatory framework adopted last year has boosted investor confidence and the first fixed-bottom installations in the Baltic Sea are expected to be up and running by the middle of the decade.

UAE eyes multifaceted energy transition

The UAE, which was the first Middle Eastern country to announce a net zero emissions target by 2050 and will host the 2023 UN-led climate conference, sees itself at the forefront of the regional energy transition.

Japan’s net zero plans need rethink, say critics

Japan is considering its nuclear future to help reach its 2050 net zero goals, but opponents still point to safety concerns. Renewable projects, despite a lack of available land mass, remain a viable long-term alternative.

Japan struggles to focus on energy transition

Japan’s transition plans have been accelerated, including in response to the Ukraine war, but the immediate focus remains on securing dispatchable supply and keeping the lights on.

Is Canada’s oil and gas emissions target enough?

After years of allowing the oil and gas sector to avoid emissions targets, Canada announced that it would impose a cap on the industry. But is it enough?

War-driven green transition stalls in Asia

While Europe is partly accelerating low-carbon programmes to wean itself off Russian energy in the light of the Ukraine war, the picture in Asia is more mixed, with many still associating reliable energy with fossil fuels.