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That’s the message from several recent reports focusing on the role of service-sector companies in addressing — positively or negatively — climate change. supported $1.316 trillion in transactions for the fossilfuel industry. received $37 million in compensation for fossilfuel industry lobbying.
One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. . Still, there is potential for clean — low- or zero-carbon — hydrogen to take off, energy experts believe. Clean hydrogen could cut greenhouse gas emissions from fossilfuel by up to 34 percent, reported Bloomberg New Energy Finance. .
The company, an early partner with the Ellen MacArthur Foundation, has positioned water and carbon emissions as equally critical in the climate crisis. Last year, Ecolab set a goal for net-zero carbon emissions by 2050, getting halfway there by 2030. No doubt those conversations will be at play in Starbucks’ 50th year.
As the slipping of climate targets continues, it’s becoming increasingly clear that cutting emissions won’t be enough to keep global temperature increases below the 2ºC target enshrined by the 2015 Paris agreement. CCS is clearly difficult and expensive, although the price is coming down. Direct capture: How does it work?
The fossilfuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. The fossilfuel industry has faced an oversupply problem, as well as a public relations problem.
In financial results posted today, Drax Group claimed it was now one of Europe's "lowest carbon utilities", following the sale of its power plant's gas assets to VPI last February and the end of commercial coal generation at the site in March.
Smiling into the camera, she tells viewers that “the world needs ways to reduce carbon emissions.” Speakers from diverse backgrounds then reassure viewers that, luckily, they’re working on solutions to that very problem, “like carbon capture , and clean energy from hydrogen.” These kinds of ad campaigns are popping up all over.
An urgent global phaseout of fossilfuels is needed, they say, reiterating calls for “transformative change,” which is “needed now more than ever to protect life on Earth and remain within as many planetary boundaries as possible.”. Not every data point was negative, however, and there were some signs of hope. percent to 23.2
Across the European Union, the average quarterly wholesale electricity price rose by almost 20 euros per megawatt-hour between the fourth quarter of 2015 and the same period in 2018, according to European Commission data compiled by Bach. But over the same period, the share of renewable resources in gross electricity consumption rose from 28.8
mandated by the 2015 Paris Agreement. Current government commitments submitted in 2015 are highly inadequate, which is why the upcoming five-year revision and upgrading of Paris pledges is so crucial. Moreover, by homing in on 2050 neglect these fossilfuel majors neglect their historic pollution footprint.
Group of 117 institutional investors file resolution urging bank to phase out fossilfuel financing in compliance with the Paris Agreement. As shareholders supporting this resolution, we recognise the imperative and urgency for establishing targets and a timeline towards emissions reductions.".
Smith’s comments were made in the context of home heating costs within a wider discussion concerning carbon taxes and the affordability crisis. Canadian Prime Minister Justin Trudeau announced a three-year “carbon price carve out” for home heating oil in October 2023. The most extreme reaction was from Saskatchewan Premier Scott Moe.
have ties to polluting companies and organizations, including major fossilfuel companies, according to a new DeSmog analysis. Nearly one in five directors (19 percent) have current or past experience working in the fossilfuel industry. They’re actually propping up the expansion of the fossilfuel industry.”
The resulting model estimated pollution exposure levels and the number of premature deaths with varying values of pollution control, socioeconomic trends and climate warming over the years 2015 to 2100. They published their findings on 24 October in the journal Nature Sustainability. Emerging markets like China and India contribute to?less
The UK government is not legally required to consider tax breaks to oil and gas companies or emissions from burning fossilfuels when regulating the North Sea sector, a court has ruled today, rejecting a complaint by climate campaigners. ‘Unacceptable’ FossilFuel Subsidies.
But the groups have unearthed a 1970 report by Eni’s Isvet research centre that warned of the “catastrophic” risk the build-up of carbon dioxide (CO2) caused by burning fossilfuels could pose to the climate. Eni has set a target of net zero carbon emissions by 2050.
He’s an ExxonMobil scientist in a company ad that also shows other scientists in a high-tech lab working to develop “low-carbon technologies.” To top it all off, the claim in the tagline promotes the perception that ExxonMobil, and fossilfuel companies more generally, are “part of the solution.” They cannot stop lying.
In the early 2010s, climate scientists were painting a grim picture of the future: If humans didn’t curb carbon dioxide emissions, the world was headed toward 4 degrees Celsius (7.2 Scientists now estimate that current emissions trajectories make a 4-degree scenario highly implausible, even as total carbon emissions continue to rise.
The authors find that many (though not all) regions see net gains without considering any climate benefits, and all regions of the world see substantial net economic benefits when adding in the social cost of carbon at $100 per ton (see bold pink line in Figure 1). b, Benefits of coal-exit scenario for year 2050 in absolute terms.
A timeline from coal to negative emissions at Drax – told by the engineers who were there. Today, however, sustainably-sourced compressed wood pellets have enabled the Yorkshire power station - once the country's largest single source of emissions - to rapidly decarbonise, with carbon dioxide (CO2) emissions 85 per cent lower than in 2013.
Scientists are documenting changes that are “much more widespread” and “much more negative,” she said, than anticipated for the 1.09 It will gain increasing importance as the herculean difficulty of reducing emissions to net zero and removing vast stores of carbon from the atmosphere become clearer.”. Climeworks.
Already, politicians and major corporations, including oil and gas producers, are hard at work promoting the idea that the 2015 Paris Agreement’s goals can be met if the financial world coalesces around “net-zero” climate initiatives. special envoy on climate, has called humanity’s “last best chance” to curb the climate catastrophe.
European law-makers are due to vote on a revised renewable energy directive next week, part of the EU’s Green New Deal to slash carbon emissions by 55 percent by 2030. Rakos has also come under fire from Laurence Tubiana, a former French diplomat and an architect of the 2015 Paris Agreement on climate change, over his claims.
government’s recently released hydrogen strategy—a thoughtful plan to create and use clean hydrogen—contains an implicit acknowledgement: the world is moving away from fossilfuels and toward low-carbon alternatives. isn’t the only jurisdiction to see clean hydrogen as the new natural gas. Where does this all leave B.C.’s
When homeowners choose these options, they can lessen their carbon footprint while also gaining a more reliable energy source. The adoption of clean energy can not only help to grow local and state economies, but it can also reduce the reliance on fossilfuels at home and abroad. Sadly, intense weather patterns are on the rise.
When homeowners choose these options, they can lessen their carbon footprint while also gaining a more reliable energy source. The adoption of clean energy can not only help to grow local and state economies, but it can also reduce the reliance on fossilfuels at home and abroad. Sadly, intense weather patterns are on the rise.
Even more worrying is a fact David Wallace-Wells points out in his best-selling book Uninhabitable Earth : more than half of the carbon emitted in the atmosphere today was emitted in the past 30 years. So why did these eminent scientists decide to come to Paris in 2015? The problem is this confuses the means with the end.
As trees grow they remove carbon from the atmosphere. Spurred by the necessities of drastically cutting emissions and removing carbon dioxide from the atmosphere to meet climate targets, many countries, including Brazil, India and China, have committed large areas to forest restoration. above pre-industrial levels.
Published to mark the fifth anniversary of the global climate treaty that was brokered in the French capital at the 2015 COP21 Summit, the report offers companies a strategic framework for how to reach net zero emissions by 2050 or sooner across their core businesses, value chains, and wider economies, according to CISL.
Records show that the company has lobbied during the past three years on California’s climate strategy, toxicity provisions, low carbonfuel standards, as well as its oil and gas production policies. Veolia was hired by the city in February 2015 to help address the problem.
The Paris Summit in 2015 was a genuine turning point in the world's response to the climate crisis that will define the century one way or another, and as such it should be remembered by historians as an event of global import. In some ways this is an absurd contention.
“I am here to sound the alarm alongside my German colleagues: This is destruction masked as economic development, and we will do everything we can to protect our homes and to stop it,” said Anne Rolfes, director of the Louisiana Bucket Brigade , a New Orleans nonprofit working with communities affected by the fossilfuel industry.
In 2015 US President Barack Obama created the Social and Behavioral Sciences Team (or “ nudge-unit ”) to bring insights from the behavioural sciences to federal policies. Research done in the US found that 42% of energy-related carbon emissions came from household machines, including cars. Putting people at the centre.
That's the message from several recent reports focusing on the role of service-sector companies in addressing - positively or negatively — climate change. supported $1.316tr in transactions for the fossilfuel industry. received $37m in compensation for fossilfuel industry lobbying.
Climate campaigners, however, see the new piers and pipelines as ominous signs that the gas lobby has finally achieved a long-standing goal to lock Germany into the $100 billion global LNG market – threatening to keep Europe’s biggest economy hooked on fossilfuels for decades to come. “A It’s fossilfuel madness.”.
Advocates of this approach reckon it would help catalyse investments in clean technologies and ensure investors are more cognisant of the complex and escalating risks associated with high carbon assets. An alternative approach could include setting minimum mandatory climate standards for ESG products, requiring banks to adopt 1.5C
The alarm bells are deafening, and the evidence is irrefutable: greenhouse gas emissions from fossilfuel burning and deforestation are choking our planet and putting billions of people at immediate risk. Without deep carbon pollution cuts now, the 1.5-degree We need immediate action on energy.
Indeed, the ingredients for negativity are all too abundant: a persistent, shapeshifting virus; political stalemates that thwart climate action; growing social and economic inequality; terrifying ecological indicators; pushback by the anti-science crowd and their media enablers.
However, despite this progress overall demand for oil was actually still a touch higher last year than it was in 2015. Much of the wider industry can see the general direction of the car market, and can see no reason to waste any time in pushing fossilfuels out the way in order to get there. per cent of total oil demand.
The use of these chemicals also damages the environment in other ways; much of the fertilizer used in the world today is the product of methane gas, a fossilfuel, while the wide-scale use of pesticides has been linked to the damage of ecosystems and vital populations of pollinators.
Climate change investment had been increasing since 2015 when the Sustainable Development Goals (SDGs) were introduced and the Paris Agreement adopted by nearly 200 countries. Last year also saw a strong acceleration in renewable energy, as a number of governments placed climate action at the heart of their post-Covid recovery plans.
A group of exciting start-ups are exploring whether the world's trash mountains could become a valuable source of low carbon hydrogen fuels. One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. It concluded this approach could be a cost-effective way to actually achieve negative emissions.
Over the next ten years, carbon reduction efforts will be a central element of Capgemini's work with its clients, which include some of the world's largest automotive, telecommunications, consumer goods and retail companies. The company's carbon reduction prerogramme, which is currently being validated, is now aligned with a 1.5
Mixing biofuels with fossilfuels for vehicles to burn initially seemed like an easy way to cut down on the 22% of the world’s greenhouse gas emissions that stem from the transport sector. This severe deforestation has undermined biofuels’ sustainability credentials, as these tropical forests are key absorbers of carbon dioxide.
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