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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. At any point in the day this meant events on the global south, climate policy, ESG reporting, youth activism, and more.
In its application, submitted in partnership with the Kenya Climate Change Working Group (KCCWG), WBA highlighted the importance of tackling short-lived climate pollutants (SLCPs), in particular methane and black carbon, to achieve the Paris Agreement targets “to limit global warming to well below 2, preferably to 1.5°C,
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.
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. Nature-based solutions” is one of the only phrases linked to agriculture to be mentioned in the COP cover text.
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.
The court documents allege that the company's claims in its 2020 annual report that natural gas is a "clean fuel" is misleading, given natural gas involves the release of "significant quantities of carbon dioxide and methane into the atmosphere".
Canada also re-committed to phasing out international fossil fuel financing by 2023 and reducing oil and gas methane emissions by 75% by 2030. Polling released during the summit found these policies are broadly popular among Canadians, with almost two-thirds supporting the oil and gas cap. appeared first on Clean Energy Canada.
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.
With more than 80 times the warming of CO2 in the near term, one of the most potent greenhouse gases is methane–and it’s clear that we’re in the midst of a methane moment. Companies should also support farmers by investing in innovative solutions, particularly to tackle enteric methane. There’s no time to lose.
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.
State-owned oil and gas fields across the United Arab Emirates have flared almost constantly despite a long-standing policy to eliminate “routine” flaring in their operations, DeSmog can reveal. Flaring also allows the escape of some unburned methane gas, which is a powerful greenhouse gas.
I attended this COP, my first, to learn more about how businesses can accelerate the transition to net zero and to share the findings of a new report, published today, that is a step-by-step playbook for companies to use to turn net zero pledges into progress. Progress worth celebrating.
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. CCUS was the focus of more than 30 events at COP26, covering areas like policy, business, and social and technical challenges. degrees alive.
Agriculture is the leading driver of the potent greenhouse gas methane, which is responsible for a third of human-caused warming to date. Nestlé has emissions three times the size of its home country Switzerland, for example, due to methane from its dairy supply chain. Another high profile, international initiative is slated for 2025.
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”. Policies to play for We anticipate that big agribusiness will be stepping up its PR and influencing efforts at a time when food is high on the multilateral agenda.
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
Each year since 1995, with the exception of 2020, the United Nations Framework Convention on Climate Change ( UNFCCC ) has hosted a Conference of Parties (COP), where members of the UNFCCC negotiate issues relating to reducing greenhouse gas emissions and other matters relating to climate change. UNFCCC began convening COPs in 1995.
Planet’s monitoring tools provide a key, independent measure of forest change that supports this global climate-change program, and we’ll be convening many of the key actors at the COP. . Likewise, Planet is working on breakthrough efforts to independently measure climate emissions.
Alok Sharma intent on holding 'most inclusive COP ever' in Glasgow, but it is not UK's gift alone to make in-person event happen. This is what makes the next United Nations Climate Conference in Glasgow, COP 26, so critical. If we are serious about 1.5C, Glasgow must be the COP that consigns coal power to history," he said. "If
It is highly likely the row over phasing down or phasing out coal power will return in the coming years and the debate at future COPs will no doubt be extended to address oil and gas. Research published by Climate Action Tracker warned the sum total of policies and actions being taken by governments would deliver roughly 2.4C
I also want particularly to thank COP President Alok Sharma who has worked incredibly hard to bring countries together. Despite the Covid-19 crisis, we have accelerated action, the COP has responded to the IPCC's call to close the gap towards 1.5, Greenwashing is the new climate denial, and we have seen too much at play in this COP.
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. gap is closed”.
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.
There are (admittedly optimistic) reasons to think that if current plans are expanded and translated into near term policy measures the world could soon find itself on a 1.8C From tackling deforestation to curbing methane emissions, the various multilateral commitments are focused on areas where they can have real impact. trajectory.
Consequently, the Glasgow Climate Pact points to a new approach whereby NDCs become living documents to be updated annually as new policies and targets are adopted - policies and targets that will hopefully reflect the rapid pace at which clean technologies and public engagement is evolving. would be truly dead and buried.
This is the first COP where participants found themselves face-to-face with the reality of breaching the 1.5 To anyone paying attention to global oil and gas demand future forecasts, even under existing policies , the COP28 agreement should not be a surprise. C warming limit that was the central aspiration of the 2015 Paris Agreement.
Its priority areas include slashing methane emissions; ending deforestation; phasing out coal; electrifying road transport; decarbonising hard-to-abate industry; and improving energy efficiency. Altogether, that would make for a 40 per cent cut in overall methane emissions by 2030. pathway by 2030.
And it has pledged to align the renumeration of its executive directors with progress against climate commitments and incorporate methane into its greenhouse gas emissions accounting for the energy sector. Meanwhile, its fracking policy omits the US, where the bank has significant exposure.". aligned scenario".
Over 100 countries pledged to halt and reverse deforestation, with a similar number joining an EU and US pledge to cut methane emissions by 30 per cent by 2030. What stood out clearly in Glasgow is that COP26 was the first COP where the real economy turned up in force.
All nations, especially the G20 and other major emitters, need to join the net zero emissions coalition and reinforce their commitments with credible, concrete and enhanced Nationally Determined Contributions and policies before COP26 in Glasgow. "We We need immediate action on energy. Without deep carbon pollution cuts now, the 1.5-degree
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.
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. Those frustrations were further amplified by the Egyptian Presidency's management of the talks, which saw the timetable slip badly, even by COP standards.
In the southern Polish city of Katowice last December, news coverage of the UN’s COP 24 meeting on climate change suddenly and dramatically surged, mostly thanks to a three-minute speech given by a Swedish teen activist with Asperger’s syndrome and the amplifying power of social media. Livestock genomics and regen ag left in the dirt.
Of course, there are deep failures at the heart of the COP process and its politics. So far global action on climate change has lagged behind targets - Climate Action Tracker analysed global near-term climate targets as putting us on track for 2.4C - but global policies and measures as only putting us on track for 2.7C.
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".
That is the upbeat conclusion of new research published this week by the Inevitable Policy Response (IPR), an initiative that has been tracking significant climate policy developments on a quarterly basis since the COP26 Climate Summit in Glasgow in November 2021.
Climate pledges and statements of support from the financial industry ring hollow unless and until firms support public policies that will deliver required emission cuts. The EPA comment period for the proposed methane regulations lasts until Jan. Methane regulation: Low-hanging fruit on the path to net-zero.
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. COP is and remains, fundamentally, a policy event. Bottom Line for Business.
It also announced a $162m loan guarantee for LongPath Technologies to support methane emissions monitoring across oil and gas fields in major US basins, its first GHG-tracking loan. Hedge funds are ramping up short positions in clean tech stocks, betting on industry volatility amidst slower green energy growth and policy shifts.
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. Brazil’s COP29 pavilion. Thai activist Permpibul was concerned by DeSmog’s findings. “By
And increasingly, the focus of COP seems to be on finance, and negotiations that – it is hoped – will provide pathways for finance to flow to where it’s needed, via mechanisms such as ESG and carbon markets. . Methane milestone? We are very encouraged by Britain’s commitment to addressing the issue.”
Campaigners and climate scientists had hoped the summit – which was billed as a “Food COP” due to its focus on farming – would see governments agree to ambitious action to transform food systems in line with the goals of the Paris climate agreement. Burr added that COPs provided an opportunity for U.S. This is especially true in the U.S,
Blanton, a Senior Research Scholar at the Center on Global Energy Policy , and Ben Ratner, Associate Vice President at EDF. Methane: Leaders emerge as the global community wakes up to the challenge. Permian Basin exponentially increase the amount of methane emitted, alongside flaring’s resource waste and CO 2 emissions.
Meanwhile, the US and EU will be hoping to get more countries to sign up to their Global Methane Pledge, a deal which has already been endorsed by several nations around the world, including the UK. Its stated aim is to collectively slash methane emissions across all sectors by 30 per cent between 2020 and 2030.
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