Articles

A global transition to “clean energy” is still far too slow to meet climate pledges and risks fueling even greater price volatility, the International Energy Agency (IEA) said yesterday. “We are not investing enough to meet future energy needs and the uncertainties are setting the stage for a volatile period …

On Wednesday, Google launched a suite of changes to many of its core products to help consumers make sustainable choices more easily. “Today, climate change is more than a threat,” Sundar Pichai, the CEO of Google and parent company Alphabet, said in a prerecorded video during a virtual press event …

Chinese President Xi Jinping recently announced at the UN General Assembly that China “will not build new coal-fired power projects abroad.” Chinese banks have already swung into gear. Three days after Xi’s speech, the Bank of China declared it would no longer provide financing for new coal mining and power …

Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the energy crisis, …

The long-awaited Nord Stream 2 (NS2) pipeline is arguably the world’s most contentious energy project. While its completion was uncertain for a long time, favorable political, economic, and environmental developments have worked in its favor. Recently, Gazprom, the owner and operator of the pipeline, announced its completion. However, legal challenges …

Europe is bracing for a tough winter as an energy crisis that’s been years in the making leaves the continent relying on the vagaries of the weather. Faced with surging gas and electricity prices, countries from the UK to Germany will need to count on mild temperatures to get through …

Fatih Birol, the head of the International Energy Agency (IEA), has been named one of the most influential 100 persons of 2021 by Time, a political magazine based in New York City, United States. Birol, 63, who has been the executive director of the agency since 2015, is the only …

New oil and gas projects are incompatible with a future in which the world stays on track with its climate targets. Needless to say, that has enormous implications for the oil and gas industry. A new report quantifies what that would mean for individual companies. While the impact varies, the …

Apparently, China has been the talk of the town for quite some time. While the entire yesteryear passed in a flurry of blame game over the pandemic, this year has been nothing short of a blessing for Xi’s regime. However, while China rapidly compensated for the drastic slump last year, …

The vast majority of the world’s known fossil fuel reserves must be kept in the ground to have some hope of preventing the worst effects of the climate emergency, according to new research. The peer-reviewed study, published in the scientific journal Nature on Wednesday, found that 90% of coal must …