This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This is the first COP where we are face-to-face with the reality of breaching the 1.5C It was also the first to be chaired by an oil and gas executive, putting a crude spotlight on the conflicting interests that have become entrenched in the COP process. And this year’s COP finally looked it in the eye. It’s not surprising.
Maybe it was the offer of warm sun in December, but this year’s COP drew 100K attendees, almost double the size of COP15 in Paris. Climate tech played its biggest role ever at COP this year. The oil & gas COP. This was the COP of the climate and O&G juxtaposition. The greenwashing was unavoidable.
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.
Oil and gas has dominated discussions at past COPs, which have focused on the need to cut greenhouse gas emissions from the energy and transport sectors to tackle dangerous levels of global warming. Big companies which have previously accessed COP in this way include JBS, which came in with the Brazilian delegation for COP27 in Egypt.
Australian court cases, fossilfuel phase out alliances, and a vote of confidence in Gold Standards all feature in this week's latest round up of global green business news. Colombia to host hybrid Biodiversity PreCOP.
The UN climate talks hosted in Dubai this month will shine a bright light on the pivotal role national oil companies, like UAE’s Abu Dhabi National Company (ADNOC), can and ultimately must play in the fight against climate change – particularly the urgent need to reduce methane emissions from the oil and gas supply chain.
Fossilfuels get named and shamed. For the first time in 25 years of UN climate talks, coal and fossilfuel subsidies have been singled out in an official document. Here, we've picked out 10 key takeaways for business leaders from the Glasgow Climate Pact and COP26 Summit: 1.
Progress did seem to be forthcoming on cutting methane emissions, with more than 100 countries (although not China) – committing to a 30% reduction by 2030 compared to the 2030 baseline. COP president Alok Sharma described it as “a fragile win”. What can be done with the captured CO2? degrees alive.
Meat emits around a third of global emissions of methane, and action to cut this greenhouse gas has been identified by the UN and world leaders as the quickest route to slowing global heating. Farming also relies on synthetic fertilisers that are both fossil-fuel-based and emit greenhouse gases, and drives deforestation.
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 There are a variety of different sources of methane emissions and many solutions will be needed to curb those emissions.
Meat and dairy firms in particular are coming under increasing scrutiny due to pollution from livestock, which emits around a third of the global output of methane, a short-lived greenhouse gas identified as the quickest route to slowing global heating. Meat isn’t the only industry under the spotlight.
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.
Agriculture is the leading driver of the potent greenhouse gas methane, which is responsible for a third of human-caused warming to date. The sector is also a heavy user of fossilfuels, including to produce synthetic fertilisers, which are a major source of nitrous oxide, a potent greenhouse gas.
Don't listen to the fossilfuel enthusiasts pushing fracking as a solution for the UK's currently volatile energy market, argues ECIU's Dr Simon Cran-McGreehin. This crisis highlights the benefits of weaning ourselves off fossilfuels - to stabilise our energy market, whilst achieving our climate goals.
But recent investigations by DeSmog have exposed the industry’s promotion of “false solutions” (such as high-tech plans to lower the methane quotient of cow burps), which have been championed by the U.S.-led Most corporations and lobby groups that attend the COP climate summits have “observer” status. academic Jennifer Jacquet. “In
According to the Clean Development Mechanism (CDM), carbon offset programs can be grouped into the following broad categories: Renewable energy, energy efficiency, methane abatement, reforestation and conservation, fuel switching, and community projects. Carbon offset program #3: Methane abatement.
On the plus side, the pact reaffirmed the central importance of 1.5C (our best chance to avoid the worst impacts of climate change), mentions coal and fossilfuels for the first time, and calls for countries to “revisit and strengthen” 2030 climate pledges by the end of 2022 instead of waiting another five years. of warming.
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. Scientists say that unless swift action is taken, methane from agriculture alone will take us beyond a 1.5C
COP28 Climate Summit President Sultan Ahmed al Jaber has called for a tripling of clean energy generation by 2030 and a doubling of low-carbon hydrogen capacity by 2030, as he used his first address since being appointed to lead this year's global climate talks to promise a "COP of action". target within reach. "We
This is the first COP where participants found themselves face-to-face with the reality of breaching the 1.5 The final wording of the COP28 agreement – which required consensus among all nations and the chair – codified a commitment to transition away from fossilfuels in energy systems. But all was not lost.
The Glasgow Climate Pact is clear: we are moving away from fossilfuels. Ultimately, COP26 has made coal - and fossilfuels more generally - an even less attractive investment proposition than they were before the start of the summit. Many of these could result in significant private investment flows.
as the key target for the Paris Agreement and reiterates last year's promise to deliver a "phasing down" of unabated coal power and a "phasing out" of inefficient fossilfuel subsidies. And the suggested text invites parties to "consider further actions to reduce by 2030 non-carbon dioxide greenhouse gas emissions, including methane".
The findings further fuelled the cautiously optimistic mood that has built up during the first week of talks at COP26, which has seen a raft of new net zero pledges from emerging economies and a series of global deals to increase flows of climate finance, better protect forests, accelerate clean tech deployment, and curb methane emissions.
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.
But group of petrostates resist calls to phase down fossilfuels and accelerate decarbonisation efforts. The so-called High Ambition Coalition of nations argued the draft text should include a commitment to phase down all fossilfuels and clearer commitments to accelerate the roll out of renewables.
The curbing of emissions to reduce the concentration of greenhouse gases such as carbon dioxide and methane in the environment. Commonly known as soot, it is formed from wildfires and fossilfuel consumption and contributes to climate change. Conference of the Parties (COP). The hope is that limiting global warming to 1.
The first few days of COP have ushered in a wave of major announcements and funding pledges. Countries and companies have also kicked off pledges to triple investments in renewables and nuclear, drive down methane emissions, and commit loss and damage funds. A well-Time(d) profile on Sultan Al Jaber leading COP.
Meanwhile, global emissions are spiralling upwards again as the economy recovers and surging fossilfuel prices are driving fears that a new wave of high carbon infrastructure investment could yet be unleashed. Altogether, that would make for a 40 per cent cut in overall methane emissions by 2030. pathway by 2030.
The bank, the UK's largest financier of fossilfuels, has announced it plans to stop financing thermal coal mining by 2030 in OECD countries, before exiting thermal coal altogether five years later. aligned scenario". ShareAction senior research officer Lydia Marsden warned the plan included a "number of troubling loopholes".
From Loss and Damage and just transitions to rows over fossilfuel phase outs and carbon markets, we take a look at some of the key lessons for businesses from COP27. Like the World Cup that kicked off within hours of the gavel coming down in Sharm El Sheikh, COPs provide a regular temperature check for global geopolitics.
Speaking earlier, Johnson acknowledged that while there had been a flurry of "game-changing announcements" on methane, deforestation and finance last week, the Summit was now "firmly in the hard yards of international diplomacy", adding that "with a few days left there is still a huge amount to do".
The UK remains COP President until next November, when it will hand the baton over to Egypt, which is set host the COP27 Summit at the Red Sea beach resort of Sharm-el Sheikh. Indeed, there is no shortage of world-changing points of action for Sharma's COP team to be getting on with over the coming months.
Of course, there are deep failures at the heart of the COP process and its politics. The level of debate prompted by the most anodyne efforts to name the fossilfuels that are causing the problem and to commit to ending fossilfuel subsidies and phasing out coal is a disgrace.
On November 29, Coterra Energy and the Pennsylvania Department of Environmental Protection (DEP) signed a consent order allowing the operator, one of the largest natural gas producers in the state, to drill laterally beneath an area that has been mostly fracking-free since 19 households found methane in their water in 2008 and 2009.
Sean Gallup/Getty Images Tens of thousands of negotiators, activists, and corporate execs have descended upon Dubai to wrangle over the future of fossilfuels. The future of fossilfuels Let’s start with some backstory on COP28. Greenhouse gas emissions come from extracting and burning fossilfuels, of course.
Boris Johnson has stressed that "COP simply must succeed", as he reiterated calls for major economies to ramp up their climate commitments ahead of COP26 and step up to the plate with promised funding to help vulnerable nations deal with the growing impacts of global warming. Getting it all done by COP, six out of 10.
The report said that during the final quarter of last year major developments in the EU, US, Canada, and Australia signaled an increase in policy ambition in support of clean power, low carbon industry, sustainable transport, and green building development, with efforts to tackle methane from oil, gas, and agriculture also beginning to emerge.
From tackling deforestation to curbing methane emissions, the various multilateral commitments are focused on areas where they can have real impact. The fossilfuel problem is being named.
Dubbed the Glasgow Climate Pact, the agreement crucially puts pressure on countries to come foward next year with updated climate plans, promises more funding for climate adaptation, and for the first time ever includes explicit references to the need to drive down coal and phase out fossilfuel subsidies. Phase out coal.
Levels of methane – another powerful greenhouse gas critical to reducing emissions – have soared since the start of the decade and are showing “no hint of decline”. After last year’s COP, meat industry bosses left the summit galvanised for what’s to come and vowed to “keep pushing”.
In November, I had the privilege to represent Schneider Electric at the UN's Conference of Parties (COP) on climate change in Glasgow. This COP was unlike the previous 25 iterations, in that it took place during a global pandemic. In reality, the current pledges align more closely to 2.7 Bottom Line for Business.
The tech sector can help deliver on COP26 promises such as curbing methane, ending fossilfuel finance and reversing deforestation, explains techUK's Craig Mason. Fossilfuels - an end in sight? This is the first time that a COP agreement has been made on coal at this level. Global curbs to methane.
Coal is by far, the worst of our fossilfuel dependencies. Both nations have agreed to take steps to reduce methane emissions, to make greater efforts to de-carbonize and to actively transition to clean energy. A similar amount of countries also committed to cutting 30% of methane emissions by the end of the decade.
From President Biden to methane pledges, BusinessGreen explores the biggest developments on the fifth full day of the pivotal climate talks in Sharm EL Sheikh. Biden's address also set out his administration's plans to crackdown on methane leaks in the US' fossilfuel industry.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content