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The report projects a rapid shift in the global energy mix, with the share of renewables in global power generation expected to double in the next 15 years while total fossilfuel demand is projected to peak before 2030, depending on the scenario. C by 2100, and reaching a 1.5°C C pathway is increasingly challenging.
We cannot rely on linear developments and a steady energy transition over the next 30 years to 2050,” according to William Gillett, Energy Programme Director of the European Academies’ Science Advisory Council (EASAC). The biggest source of GHG emissions in the EU is the use of fossilfuels in industry, buildings and transport.
It says to limit globalwarming to less than 2 degrees Celsius, as outlined in the Paris Accords, we need to severely restrict the total, cumulative amount of greenhouse gases we release into the atmosphere moving forward. Data from IPCC and the Global Carbon Project. So, what does the Carbon Law say?
A report published on 26 August by an independent group of experts warns that reaching net zero greenhouse gas emissions by 2050 is now “too little too late”, and will not achieve the long-term temperature goals identified in the Paris Agreement to limit globalwarming to 1.5°C C by the end of the century.
During her address, Badenoch suggested that we are bankrupting ourselves in the pursuit of reaching net zero emissions by 2050. H/Advisors bid for Shells global public relations account last year, although the work eventually remained in the hands of Edelman. However, her support for the policy has waned in more recent times.
. | Photographer: Krisztian Bocsi / Bloomberg via Getty Images More than 130 companies, including Volvo Cars, Ikea, Unilever, Nestlé, and AstraZeneca, signed a letter calling on governments to adopt a global plan to phase out fossilfuels without carbon capture during upcoming international climate negotiations.
Nigel Farage ’s Reform party received £135,000 this year from donors linked to climate science denial and fossilfuels, DeSmog can reveal. Latest official records show that all donations made to Reform UK so far this year are from individuals with ties to climate science denial or fossilfuel interests.
Food systems are responsible for at least 15 percent of all globalfossilfuel consumption, according to a major report launched ahead of the COP28 climate summit. carbon budget, an estimate of the maximum amount of carbon dioxide emissions that can be emitted before tipping the planet into dangerous levels of global heating.
Since then, the Conservative government has made a series of U-turns on its own net zero policies, attacked Labour’s green spending plans, and doubled down on its support for new fossilfuel projects, approving more than 100 new North Sea oil and gas licences. This comes as DeSmog and Democracy for Sale reveal that £6.8 percent (£1.8
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
Natural gas is not cleaner than other fossilfuels and using it instead of coal or oil risks achieving little or no reduction in greenhouse gas effects, says science advisory group the European Academies’ Science Advisory Council (EASAC) in a new report “Future of Gas”. The climate does not make compromises.”
Those processes use a lot of energy and largely come from fossilfuels; one-third of U.S. To achieve net-zero economy-wide emissions by 2050 and limit globalwarming, industrial emissions must drop while still meeting societal needs. greenhouse gas emissions come from industry. Start with heat. Sponsored Article.
The self-styled PopCons included politicians critical of climate policies and science, including Lord Frost, who is a director of the climate science denial GlobalWarming Policy Foundation , as well as Conservative MP Lee Anderson and Reform party president Nigel Farage. Rees-Mogg also has a long record of opposing climate policies.
The firm is owned by Terence Mordaunt , a director and former chair of the GlobalWarming Policy Foundation (GWPF), the UK’s leading climate science denial group. Hosking previously told DeSmog: “I do not have millions in fossilfuels; it is the clients of Hosking Partners who are the beneficiaries of these investments.”
Nations have moved too slowly to curb climate change, and now must take swift and aggressive steps if they hope to avoid the worst impacts of globalwarming, the world’s top scientists warned on Monday. degrees Fahrenheit) of warming. degrees Fahrenheit) of warming. degrees C and potentially past 2 degrees C of warming.
The beginning of the end for fossilfuels? This text is a step forward on our path towards phasing out fossilfuels, but is not the historic decision we hoped for.” More than 100 countries came to the table pushing for an official agreement to “phase out fossilfuels.”
Putting world on path to 'well below' 2C temperature goal in the Paris Agreement could create millions of green jobs worldwide, offsetting losses in fossilfuel sector, research estimates. million jobs in these technologies by 2050, with about 36 per cent of new jobs in the energy sector dedicated to manufacturing solar and wind.
Scientists believe that stabilising our warming world’s temperature at 1.5C Fossilfuels such as coal, oil and natural gas are the source of just over 80% of the world’s energy. To avert catastrophic warming, the global community must rapidly reduce how much of these fuels it extracts and burns.
The event aims to bring together policymakers and liquified natural gas (LNG), natural gas, and hydrogen players to explore new avenues for fossilfuel expansion. That means the contract ends in 2047, very close to what they perceive as a mandate to be carbon free by 2050,” he said.
These investors have bought “green-labelled” bonds issued by Eni, Italy ‘s largest – and the world’s 13th largest – fossilfuel company. As the activist group Reclaim Finance describes the scam : “the bond market has become a safe haven for easy access to fossilfuel finance.”
Bank bosses due to attend a green investment summit tomorrow head institutions which have provided over £700 billion of financing for the fossilfuel industry since the 2015 Paris Agreement, including £129 billion in 2020 alone. . JPMorgan financed £230 billion in fossilfuels between 2016 and 2020. billion in 2020.
The world's top diplomat used a speech today at the UN headquarters in New York City to deliver a characteristically stark warning of the impending climate and biodiversity crises facing the world, noting globalwarming risks "hurtling past" the 1.5C We need a renewables revolution, not a self-destructive fossilfuel resurgence."
The report examines the sources of global emissions, explains developments in emissions reduction and mitigation efforts and assesses the impact of national climate pledges. One of the report’s key findings is that limiting globalwarming will require major transitions in the energy sector. Emissions growth rates.
Tom Tugendhat, who is running to be Conservative Party leader, recently called the UK’s 2050 net zero emissions target “not realistic” and has received donations from Tory peers with fossilfuel interests and a history of funding climate science denial. He replied: “No. It’s not realistic. All I’ve seen is that as an aspiration.”
Over 600 businesses including Unilever, Netflix, and Volvo Cars have signed an open letter urging world leaders to strengthen short and long term climate targets, end support for fossilfuels, and ramp up climate finance ahead of crunch talks at the G20 and COP26 summits this autumn.
However, the shipping sector is estimated to be the source of 3% of the carbon dioxide (CO2) emitted worldwide since it is still based on the exploitation of cheap and low-grade fossilfuels such as heavy fuel oil (HFO) and marine diesel oil (MDO).
“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.”.
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.
But demand for polluting fossilfuel-derived plastics could peak by 2035 if business and government works together to create a more sustainable plastic supply chain, report finds. of pre-industrial levels," he said.
Fossilfuel companies could be facing a Big Tobacco moment. And that’s just one of several legal cases seeking to hold oil and gas firms responsible for their contribution to globalwarming. But lawsuits aren’t the only venue for challenging the fossilfuel industry.
Bank considering introducing stronger limits on its fossilfuel investments as it faces growing pressure from shareholders. Barclays is gearing up to introduce stricter climate change policies that would further limit its investments in fossilfuels, following growing pressure from the bank's shareholders, according to reports.
All 154 commitments included targets to cut emissions by 2030, and 76 included long-term targets stretching out to 2050 and beyond. This story was originally published by Grist with the headline Study: Globalwarming will stay below 2 degrees C — if countries actually keep their promises on Apr 14, 2022.
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.
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.
Barclays has set out its ambition to become a net zero bank by 2050, today pledging to align both its own business as well as its entire financing, investing and lending portfolio with the goals of the Paris Agreement within the next 30 years. Nevertheless, announcing a 30-year ambition is arguably the easy bit," he added.
We look closely at the text for the truth of the matter The decision text from Cop28 has been greeted as “historic”, for being the first ever call by nations for a “transition away” from fossilfuels, and as “weak and ineffectual” and containing a “litany of loopholes” for the fossilfuel industry.
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. . The Global CCS Institute, an oil and gas industry body, did not respond to a request for comment.
Reform UK leader Nigel Farage , who is a vocal critic of green policies and climate science, is standing in a constituency threatened by rising sea levels and flooding due to globalwarming. Farage, who is projected to win the seat, is a vocal critic of the UK’s goal of reaching net zero emissions by 2050.
To achieve the goals of the Paris Agreement, countries will likely need to set hard limits on the extraction of fossilfuels in addition to supporting the deployment of clean energy. The researchers set out to estimate how much of the world’s fossilfuel reserves must remain in the ground in order to limit globalwarming to 1.5
This story originally appeared in AGU’s Eos Magazine and is republished here as part of Covering Climate Now, a global journalism collaboration strengthening coverage of the climate story. Renewables will make up 84% of energy jobs in 2050, primarily in wind and solar manufacturing. The future looks bright for solar and wind.
Credit: Shell In the letter of complaint, which was seen by DeSmog, the signatories say that Shell’s aim is to build public trust “by positioning themselves as a ‘good actor’ in the climate emergency,” despite the company’s backtracking on its climate goals and continued investment in fossilfuels. “By above pre-industrial levels.
Almost 100 universities that have pledged to shed ties to the fossilfuel industry still bank with financial institutions that have collectively provided $419 billion (£345 billion) to polluting interests between 2016 and 2022. million in funding from fossilfuel companies since 2022.
The GlobalWarming Policy Foundation (GWPF) was founded by Margaret Thatcher’s former Chancellor Nigel Lawson in 2009 in order to combat what it describes as “extremely damaging and harmful policies” designed to mitigate climate change. million from fossilfuel interests, highly polluting industries, and climate science deniers.
Neil Record , a millionaire Tory donor and founder of the investment firm Record Financial Group, is chair of Net Zero Watch (NZW), the campaign arm of the GlobalWarming Policy Foundation (GWPF). Badenoch has previously suggested that she would be in favour of delaying the UK’s commitment to reach net zero by 2050.
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