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Despite net-zero pledges, banks used $750 billion to finance fossilfuels in 2020. Fri, 03/26/2021 - 00:05. The unprecedented COVID-19 dip in global financing for fossilfuels offers the world's largest banks a stark choice point going forward," she said. Cecilia Keating.
The State of Green Business 2021. Mon, 01/25/2021 - 02:11. Net-zero" became a key commitment during 2020 — goals that aim to eliminate, at least on paper, a company’s greenhouse gas emissions, water extractions, fossil-fuel use or deforestation activities by a given date. Joel Makower. Now, where were we?
5 sustainable packaging developments to watch in 2021. Mon, 01/04/2021 - 01:15. But COVID-19 has thrown a wrench in those plans, with single-use packaging skyrocketing, low fossilfuel prices and disrupted recycling systems, already weakened by China’s 2018 plastics waste ban. . Meg Wilcox.
Could trash-to-energy technology feed hydrogen demand? One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. . Clean hydrogen could cut greenhouse gas emissions from fossilfuel by up to 34 percent, reported Bloomberg New Energy Finance. . locations in 2021. Arlene Karidis.
Keep your eyes on these 9 electric truck and van companies in 2021. Mon, 01/04/2021 - 02:00. And the demand and interest in this technology is only growing stronger. Here’s a look at what nine big-name players accomplished over the past 12 months, and what to keep an eye on in 2021. Mike De Socio. Photo courtesy of Ford.
20 C-suite sustainability champions for 2021. Mon, 01/11/2021 - 02:15. Ridesharing demand crashed with COVID-19, and Lyft became part of the frontline delivery and medical access infrastructure. The company has since whipsawed between its wholesale-energy legacy of fossilfuels and greener horizons. Elsa Wenzel.
Tue, 04/20/2021 - 02:11. The push to quickly transition carbon-intensive activities away from fossilfuels while meeting the world’s growing energy needs has put electricity producers and consumers squarely in the forefront of the emerging clean economy. And the era of fossilfuels is hardly over. Joel Makower.
primary energy demand, according to the Department of Energy. At many of these facilities, fossilfuels, and especially natural gas, are the energy feedstock used for process heating applications. But what if the sun’s energy could take over the job much of the time and displace fossilfuels? in Lemoore.
Wed, 01/27/2021 - 02:00. The key solutions today are biofuels, only displacing a mere fraction of fossilfuels-based jet fuel, and offsets. Last year, Neste delivered its first batch of sustainable aviation fuel via pipeline for airlines refueling at San Francisco International Airport to use. Katie Fehrenbacher.
Major fossilfuel firms have committed tens of millions in finance to UK universities since 2022, DeSmog can reveal. Previous reporting from openDemocracy and the Guardian found that, between 2017 and December 2021, £89 million had been given to UK universities from some of the world’s biggest fossilfuel companies.
billion) in fossilfuel firms. This includes companies that specialise in extracting, refining, transporting and distributing fossilfuels. million) shareholding in the oil and gas supermajor Chevron, as well as stakes in Shell, Equinor, and 109 other fossilfuel companies. billion (£1.8 million (£466.1
Emerging economies on course to 'leapfrog' fossilfuel power infrastructure and move straight to renewables-dominated grids, according to new analysis from Carbon Tracker and India's CEEW. Overall, the analysis expects fossilfueldemand in emerging markets to peak as early as 2025.
The Securities and Exchange Commission (SEC) this week fired a shot over the bow at Wall Street companies that promise to help investors avoid putting their money into fossilfuels and tobacco — but steer funds towards those companies anyway. On the other hand, there’s been political pushback from the fossilfuel industry’s backers.
Norwegian state-owned oil and gas company Equinor, the North Sea’s largest fossilfuel producer, is positioning itself to play a key role in plans to turn Britain into a world leader in capturing carbon. Currently, this policy would lock the UK into using fossilfuel-based energy generation to well past 2050.”
This was due mainly to a tightening of European gas markets, with rising demand from Asia combined with increased willingness to pay and the suspension of the Nord Stream 2 pipeline. Coal/lignite plants produced 448TWh in 2021, a steep increase from the 383TWh generated in 2020. MWh during December. Have you read? in 2020 to 33.8%
and the failed Keystone XL oil sands pipeline to Texas, sees a major new growth opportunity for fossilfuels: artificial intelligence. Big Tech should be held just as responsible as the fossilfuel industry,” he told DeSmog. million homes. Tech Firms Promise Renewables That outcome isn’t an inevitability, however.
Meeting AIs Energy Demands with Innovative Solutions Artificial intelligence has seen explosive growth over the past few years, with generative AI tools like ChatGPT igniting the demand for powerful computing infrastructure. More than just meeting demand, however, is the need to address the environmental impact of AIs growth.
The companies said the jet fuel will be made from agricultural waste fats and oils (such as used cooking oil and inedible fats from beef processing). Regardless of the specifics, the airline industry is feeling the heat from its reliance on fossilfuel-based jet fuel and thus its relatively large emissions.
Wed, 03/31/2021 - 01:00. Those processes use a lot of energy and largely come from fossilfuels; one-third of U.S. A key route to industrial emissions reductions is electrification (replacing industrial fossilfuels with electric alternatives). How corporations can jump-start industrial electrification in the US.
This region plays a vital role in advancing Chinas clean energy goals, and Sinopec’s increased production will help meet the rising demand for hydrogen in transportation, industry, and other sectors. Between 2021 and 2025, Sinopec aims to generate more than 1 million tonnes of green hydrogen annually.
Over €8 billion is being invested in hydrogen and “renewable gas” projects in southern Europe using EU Covid-19 recovery funds, thanks to extensive lobbying by the fossilfuel industry, a new report has found. . The over-emphasis on hydrogen as a result of lobbying could lock Europe into decades more of fossilfuels.
Fri, 03/05/2021 - 00:12. More than 100 billion tons of resources enter the economy every year — everything from metals, minerals and fossilfuels to organic materials from plants and animals. Each year, huge quantities of fossilfuels are used to produce clothes from synthetic fibers each year. David McGinty.
In this week’s edition of Smart Energy’s Power Playbook, Yusuf Latief reports on an investment update from the International Energy Agency (IEA) which has found that of the total $3 trillion expected to be invested in energy, the lion’s share will go into renewables and the power grid, surpassing fossilfuels.
An in-depth article by the website Carbon Brief argues that the fuel is unlikely to be taken up universally, particularly as “the volume required to satisfy all the possible applications for low-carbon hydrogen would likely far exceed the amount available, even if production is significantly scaled up.”. Credit: Gaia Lamperti.
French environmental organizations Notre Affaire à Tous, Friends of the Earth France, and Oxfam France last week filed what they say is the world’s first climate lawsuit against a commercial bank, suing BNP Paribas over its continued funding of fossilfuels. They also say that the financial sector more broadly is on notice.
UK banks HSBC and Standard Chartered have rejected criticism of their commitment to tackling climate change, despite financing over £5 billion worth of fossilfuel developments in the first half of this year. billion) in fossilfuels through loans and bond arrangements in the first half of 2021, while Standard Chartered financed £2.2
Fri, 04/23/2021 - 01:45. Consumer demand is fueling investment in CEA," Ceaser explained by email. But remember that these facilities are, to an extent, only as green as the grid they plug into: Studies have shown that using fossilfuels to power vertical farms undermines the other environmental benefits.
Volvo Trucks plans to offer a complete range of all-electric heavy-duty trucks in Europe, starting in 2021. Electric vehicles for “demanding and heavy long-haul operations” will follow “in this decade,” says Volvo. Some of these will be battery-electric, and some will be fuel cell-powered.
Electric vehicles (EVs) are set to become the most in-demand option for drivers across Europe within the next three years, with a rapid shift to electric mobility on roads now inevitable over the coming decade and beyond, a major new study of seven national auto markets has concluded.
Photos I shot in 2022 for DeSmog capture damage from extreme weather events and the continued expansion of the fossilfuel industry — the dominant industry causing global warming. Travis and Nicole Dardar in front of their home in Cameron, Louisiana, near the Venture Global Calcasieu Pass LNG export facility. Credit: Julie Dermansky.
Policy Exchange, one of Westminster’s most prominent think tanks, engaged in a high-level influencing campaign over the UK’s North Sea oil and gas policies while being funded by fossilfuel interests, DeSmog can reveal. Fossilfuel firms tout CCUS and hydrogen as green energy solutions, yet the reality is more complicated.
Nearly two thirds of social media posts put out by six major European fossilfuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossilfuels, reveals new analysis by Desmog.
“Investing in new fossilfuel infrastructure is moral and economic madness,” UN Secretary-General António Guterres said as the Intergovernmental Panel on Climate Change (IPCC) released part of its latest report on Monday. Such investments will soon be stranded assets, a blot on the landscape, and a blight on investment portfolios.”.
New large-scale fossilfuel projects have become mostly unworkable in the Pacific Northwest, with dozens canceled over the past decade due to fierce opposition from local communities. First, developers proposed a series of coal train projects in the early 2010s, as domestic coal demand went into decline but was soaring overseas.
Wed, 06/09/2021 - 00:10. For their part, power companies are exploring ways to build out the renewable energy system to meet the coming surge in industrial electricity demand. Another strategy would be to try to snap up some early innovators because supply isn’t as big as the demand could potentially balloon into, Valanko said. .
Billed by the fossilfuel industry as a climate solution, dozens of planned blue hydrogen projects in Europe could consume more natural gas each year than France, and produce emissions on a par with Denmark, a DeSmog analysis has found. “You want me to admit that we have a lot of CO2 emissions because of blue [hydrogen].
Indigenous delegates said they had been amazed at the “wilful ignorance” they encountered when demanding global banks cease financing new fossilfuel projects on their ancestral lands in what is today North America. HSBC, Credit Suisse, and Barclays finance TransCanada, campaigners say. and Canadian emissions.
Critics point out that replacing flaring with mining crypto could become a way for fossilfuel producers to spin money directly from energy, polluting the climate without heating people’s homes or transporting people from place to place in the process. “In
The way we power our aircraft will be a big part of achieving that goal, and this exciting project to make aviation fuel from air and water shows how it might be done.". Zero Petroleum and the RAF launched Project MARTIN in June 2021, developing ZERO SynAvGas over five months with negative carbon technology company IGTL Technology.
Fossilfuels are everywhere at this COP except in the decisions being negotiated by governments,” Nikki Reisch, the director of climate and energy at the Center for International Environmental Law, wrote to DeSmog from Glasgow. in reach — Alok Sharma (@AlokSharma_RDG) October 23, 2021. Oil Majors Show up in Disguise.
Preliminary 2021 data from the Energy Information Administration confirm what IEEFA said throughout the year: The long-term-trend in U.S. utility generation continues to move away from fossilfuels, particularly coal, and toward greater renewable energy use.
UK fossilfuel imports from authoritarian petrostates surged to £19.3 Petrostates are countries that are economically heavily dependent on fossilfuel production. billion on fossilfuel imports from the year beginning February 2022. billion on fossilfuel imports from the year beginning February 2022.
That is according to a new report from the Global Alliance for Buildings and Construction (GlobalABC), which reveals that buildings and construction accounted for more than 34 per cent of energy demand and around 37 per cent of energy and industrial process-related CO2 emissions in 2021.
Thu, 03/04/2021 - 00:12. 6 Capitol riot, an entrepreneur and a scholar challenged audiences to picture how an enterprise and a policy regime could supply solar and other fossil-free energy to more people with more broadly dispersed downsides. Two pioneers chart paths to energy justice. Alec Appelbaum.
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