In Germany and other parts of western Europe, floodwaters recently destroyed villages and wide swaths of farmland. It was the worst flooding the area had seen in decades. The death toll was nearly 200 people. German Chancellor Angela Merkel used apocalyptic terms to describe what she saw during her visit to the flood zone: “Terrifying.” […]
Climate Change
Study Suggests Stinkweed Could Make Cleaner Biojet Fuel
Ohio : The findings of a new study show that a common farm weed could make a “greener” jet fuel with fewer production-related environmental impacts than other biofuels. The study was published recently online in the journal ‘Applied Energy’. Growing the weed, pennycress, often called stinkweed, as a crop requires less fertilizer and fewer pesticides […]
A New Era For Climate-Focused Venture Capital
This week on The Energy Gang: climate tech VC isn’t just having a moment, it’s entering a new age. During the height of the pandemic in 2020, venture capital poured into climate technologies at record levels. It was a happy surprise amidst a collapsing economy and years of investment stagnation. Venture investments in climate tech […]
‘UK Could Hit 40C Soon Due to Climate Change’
Last year’s average winter temperature was 5.3C, nearly 1.6C higher than the 1981 to 2010 average. The summer temperature was 0.4 above average at 14.8C, with temperatures hitting 34C for six consecutive days in August 2020. Britain has become wetter and warmer as a result of climate change, with the country’s 10 hottest years in […]
Engineering Bright Spots for a Green Energy Future: An interview with Robin Watson
In 2017, Wood acquired engineering and project-management company Amec Foster Wheeler, greatly expanding Wood’s process engineering capabilities in industries such as oil and gas, chemicals, and mining. The acquisition also expanded Wood’s focus on a number of technologies expected to play key roles in the shift away from fossil fuels. The following lightly edited interview […]
The Good, the Bad and the Urgent: MDB Climate Finance in 2020
Multilateral development banks (MDBs) play an important role in financing developing countries’ efforts to reduce emissions and protect against the effects of climate change, and 2020 was a critical waypoint for MDB climate finance. For one, it marked the due date for the climate finance targets many MDBs set in 2015. 2020 was also the […]
TPG Announces $5.4 Billion First Close of TPG Rise Climate Fund
Fund to deploy mission-driven capital at scale, leveraging team’s decades of experience and rigorous impact assessment capability to scale companies across the climate sector Anchor investors include some of the world’s largest institutional investors and more than 20 global companies San Francisco; Fort Worth, Texas : TPG Rise Climate, the climate investing strategy of TPG’s […]
Climate Change is Most Critical Challenge: President
Addressing the 19th convocation of the Kashmir University here, he also hoped that the centres for glaciology and Himalayan biodiversity at the varsity will show the way to the world in fighting climate change. President Ram Nath Kovind on Tuesday said that climate change is the most critical challenge before humanity and global warming is […]
Canada, Germany to Lead Roadmap in Mobilizing Climate Finance
The countries were clear that COP26 needs to deliver actions, not just words. Many highlighted the importance of ending coal power, coal financing and fossil fuel subsidies. Climate ministers have taken a step forward towards a successful UN climate summit named COP26, as a constructive meeting in London concluded with countries, including India, coming closer […]
Clean Energy Fund Manager Glenmont Sells 100 MW French Wind Portfolio
The portfolio consists of eight operational onshore wind farms in northern France. Financial details of the deal, which is subject to regulatory approval, were not disclosed. London : Clean energy fund manager Glenmont Partners said on Tuesday it had agreed to sell a 100-megawatt portfolio of onshore wind farms in France to TTR Green Fund […]