The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as they’re needed most to avoid climate catastrophe. Companies ranging from BP plc to Total Energy SE are paying top dollar for clean energy assets as they transition away from fossil fuels, boosting competition […]
Climate Crisis: Not Acting Now Will Destroy Lives, Livelihoods, Natural Habitats, Experts Say
The reactions came after the launch of the Intergovernmental Panel on Climate Change’s (IPCC) latest report, “Climate Change 2021: The Physical Science Basis”, which has warned of increased extreme weather events across the globe in the coming years. New Delhi : The impacts of the climate crisis can be seen around the world and not […]
The Crypto vs Climate Showdown
In the great debate over crypto mining vs. climate, there are two camps. First, the crypto enthusiasts, like Square, say things like, “Bitcoin is key to an abundant, clean energy future”. And then there are the energy wonks, who point out that, if bitcoin mining were a country, it would already be in the top […]
Germany’s Green Party Makes Election Pledge to Meet Climate Goals
With less than 2 months before Germany holds an election, the environmentalist Green party has announced a 10-point plan that puts the Paris climate accord’s goal at the heart of its election program With less than two months before Germany holds an election, the environmentalist Green party has announced a 10-point plan that puts the […]
US Bipartisan Bill Leaves Out Key Climate, Clean Energy Steps
Notably, the deal omits mention of a clean electricity standard, a key element of Biden’s climate plan that would require the electric grid to replace fossil fuels with renewable sources such as solar, wind and hydro-power WASHINGTON : The 1 trillion dollar bipartisan infrastructure package unveiled by the Senate includes more than 150 billion dollar […]
Greening Energy to Fight Climate Threat May Cost $92 Trillion
Governments and companies will need to invest at least $92 trillion by 2050 in order to cut emissions fast enough to prevent the worst effects of climate change. That’s the latest forecast from analysts at BloombergNEF, who see that scale of spending as necessary to drive a rapid electrification of the global economy and slash […]
Britain Eyes New Body to Run Its Energy Systems And Meet Climate Targets
Britain’s government plans to create a new energy system operator to help the country meet its net zero emissions target, which could replace the role of National Grid, consultation documents published on Tuesday showed. Britain in 2019 became the first member of the G7 group of rich countries to set a net zero target for […]
US Senate Panel Passes Climate Measure Likely to Shape Infrastructure Bill
WASHINGTON : A US committee on Wednesday passed a bill on climate and energy initiatives that are expected to be debated as part of the wider bipartisan infrastructure bill. The Senate energy panel voted 13 to 7 to pass the bill, which includes funding to help the power grid handle more electricity from renewable sources […]
Biden Climate Czar Vows Clean-Energy Edict If Congress Fails
A standard is seen as crucial to Biden’s decarbonization goal Regulations may fill gap if Congress fails, Gina McCarthy says Congress should enact a clean-electricity standard that forces utilities to pare greenhouse gas emissions, but if lawmakers fail to deliver, the administration is prepared to act on its own, President Joe Biden’s climate chief told […]
Europe’s Climate Masterplan Aims to Slash Emissions Within a Decade
EU to unveil policy package with eye on emissions goal Focus on promoting greener consumer, business choices Negotiations set to expose differences between members Impact on industry, households seen stirring resistance BRUSSELS : The European Union is set to take the lead in climate policy action among the world’s biggest greenhouse gas emitters this week, […]