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DeSmog analysed examples of more than 100 influencers being paid to promote fossilfuel firms worldwide since 2017, from the US to Malaysia, in campaigns that have reached billions of people. While there’s more knowledge in general around climate change and the harms of fossilfuels, I think that people have a lot of trust in creators.
The Treasury should set in stone a new fiscal rule for an annually-increasing carbon price in the UK, argues SSE chief executive Alistair Phillips-Davies. Ahead of COP26 in Glasgow I think it's imperative the Treasury installs a new fiscal rule: the need for an annually increasing carbon price.
Is the COP27 Summit that kicks off in Sharm El Sheikh this weekend the most important COP meeting yet, and therefore one of the most critical gatherings in the entire history of humanity? It is, by the admission of the Egyptian hosts, an "implementation COP". If COPs did not exist you would need to invent them.
The voluntary carbon offset market is rocketing, with the Ecosystem Marketplace reporting an annual market value of ~$1 billion in 2021, which was an all-time high. This can make things difficult for business leaders like you, looking to reduce their carbon footprint through purchasing offsets. The rules of carbon offsetting.
This Conference of Parties (COP) was highly anticipated as a critical inflection point where our economies and societies set forth on an ambitious and clearly defined path to decarbonize by 2050 and keep warming below 1.5 CarbonNegative Shot is a U.S. Elemental’s portfolio companies are poised to accelerate progress on pledges.
We found nearly two thirds of the 565 directors determining how these banks lend their money had current or past ties to oil, coal, gas, and other high-carbon sectors – revealing what campaigners called a “revolving door” between banks and polluting industries, and raising doubts about their commitment to reaching net zero.
Research body argues government must fix 'uneven' decarbonisation policies that continue to drive customers towards high carbon activities. The COP presidency provides us with a unique position, an opportunity, to move the debate forward and to accelerate global progress," he said.
The goings-on behind the scenes of COP 26, or kack thereof, have been well documented over the past few weeks. But despite the worrying progress of COP planning, all is far from being lost. With the new President in place COP will hopefully be back on track, allowing everyone to continue speculating what the conference will look like.
degrees Celsius above pre-industrial levels, reach carbon neutrality by 2050 and cut greenhouse gas emissions by 45 per cent from 2010 levels, by 2030. The key missing ingredient is a lack of political will he said: “Political will to put a price on carbon. Global average levels of carbon dioxide reached 407.8
The Cameron-era decisions to block onshore wind development, slash energy efficiency funding, delay green building standards, and shelve carbon capture and storage (CCS) plans undermined UK energy security and slowed the clean energy transition. There are plenty more, a fair few of which are not fit to print. We should be getting clean.
Meanwhile, public polling suggests bailing out high carbon companies without attaching carbon reduction targets would be an unpopular move. I think the biggest risk that sits before the global mission on net zero is the risk of fossilfuel lock-in," warns Stark. "If
Virtually all of the world’s largest companies now issue a sustainability report and set goals; more than 2,000 companies have set a science-based carbon target; and about one-third of Europe’s largest public companies have pledged to reach net zero by 2050. Maersk even advocated for a $150 per ton carbon tax on shipping fuel.
Farming will be front and centre at this year’s COP. Animal agriculture is the largest emitter of methane, a greenhouse gas 80 times more potent than carbon dioxide when measured over a 20 year period. We need the animal agriculture equivalent of ‘keep it in the ground’ for fossilfuels,” she adds. “It’s
COP27's treatment of carbon markets was messy, and greenwashing crept back into the negotiations on Article 6 compliance markets. Labour's plan for a national energy company may allow public ownership to help commercialise and scale for needed grid infrastructure, green hydrogen, and carbon capture and storage around industrial hubs.
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.
The first few days of COP have ushered in a wave of major announcements and funding pledges. The appointment of Sultan Dr. Al Jaber as Chairman of Alterra, and also host of COP28, has already stirred controversy due to his role as President of ADNOC and rumored intention to broker fossilfuel deals during COP.
Meanwhile, Michigan approves a bundle of clean energy bills, the UN irons out details for the "loss and damages" fund ahead of COP, and Flexport launches a book and claim model for SAFs. Tech-enabled credits continue to constitute a big chunk of an anticipated $1T voluntary carbon market , and Oxy is on a development frenzy.
"They are choking our planet, based on their vested interests and historic investments in fossilfuels, when cheaper, renewable solutions provide green jobs, energy security, and greater price stability. But the truly dangerous radicals are the countries that are increasing the production of fossilfuels.
The pitfalls of that were exemplified by Mark Carney's recent - and widely derided - assertion that the Canadian investment giant he sits on the board of is already a 'net zero' company across its investment portfolio, despite that same portfolio containing billions of dollars of holdings in fossilfuel-related projects.
COP talks each year are often fraught and progress remains far too slow, as today's IPCC report on escalating climate impacts will testify. As close observers of global climate diplomacy have long argued, if the COP process and the Paris Agreement did not exist you would have to invent them. "It
The fossilfuel economy's devastating impact on the planet is common and inescapable knowledge, and students are lining up in droves to apply for degrees that will set them up for careers in purpose-led finance and business. Fast forward a couple decades and the world looks very different. The media is probably on red alert for it.
BusinessGreen rounds up the best of the reaction from the low carbon economy to the government's flagship roadmap for achieving net zero emissions by 2050. Drax CEO Will Gardiner said: "The government's Net Zero Strategy, published today, is a key step forward as the UK looks towards a zero-carbon future.
Reports suggest Number 10 is considering a radical overhaul of the UK's carbon taxes in a bid to spark global climate action ahead of COP26 Summit. Number 10 has instructed every department in government to propose a price for carbon emissions, in a move that could provide the basis for a major extension of the UK's carbon tax regime.
What is carbon accounting? Carbon accounting – also known as a carbon or greenhouse gas inventory – is the process of measuring the amount of carbon dioxide, or other greenhouse gases (GHG), an organization emits. Carbon accounting is a must for any becoming business today.
Critics argued that the agreement on transitioning away from fossilfuels was weak and riddled with loopholes, lacking concrete steps and allowing continued reliance on fossilfuels. COP president Sultan Al-Jaber, head of the UAE’s state oil company, faced accusations of using his position to promote fossilfuels.
While the total number has dropped compared to the record highs at COP28, the figures show that climate COPs continue to be a top priority for businesses working in agriculture, a sector that accounts for up to one-third of global greenhouse gas emissions. and at climate summits. Brazil’s COP29 pavilion.
Amid all the chaos, we almost forgot it’s COP this week.) This Trump administration has a so-called “energy dominance” agenda — particularly, bullish on fossilfuels and bearish on renewables and emerging climate tech, which could lead to an additional 4bn tonnes of US emissions by 2030. Happy Monday!
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