Environment

Developed economies need to provide at least $1 trillion per year to climate finance for developing countries to meet the national and global climate targets, one of the biggest developing economies and a major carbon polluter, India, said in a proposal to the United Nations. Developed countries have pledged to …

A French quartet with huge gas expertise have unveiled a preliminary design of a 150,000 cu m liquefied hydrogen carrier. Unveiled at the Hyvolution Summit 2024 trade show in Paris, gas containment system specialist GTT, along with TotalEnergies, naval architect LMG Marin and Bureau Veritas have provided details of a …

China has become a powerhouse in clean energy, and has overtaken the EU on clean technology research, a paper prepared for the European Commission has shown. “China has caught up with the EU in R&D expenditure. While Chinese R&D intensity more than doubled since 2000, EU R&D intensity grew much …

Worldwide electricity generation from coal hit record highs in 2023, while thermal coal exports surpassed 1 billion metric tons for the first time as coal’s use in power systems continues to grow despite widespread efforts to cut back on fossil fuels. Coal-fired electricity generation was 8 295 terawatt hours (TWh) …

Global coal-fired power generation reached a record-high level in 2023, per data from environmental think tank Ember reported by Reuters columnist Gavin Maguire. As countries, especially in Asia, looked to meet growing electricity demand and ensure their energy security, coal use in power generation hit record highs. Per Ember data, …

In the Autumn of 2023, the International Copper Study Group (ICSG) forecast that the copper market was likely to experience a significant surplus of the metal in 2024 after several companies worldwide ramped up their operations in response to the growing global demand. However, by the end of the year, …

A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2 in an undersea oilfield off Brazil in an effort to reduce emissions, TotalEnergies said Monday. The pilot unit will separate oil from CO2-rich natural gas at the bottom of the ocean and …

While experts are sceptical about carbon capture and storage (CCS) technology, it’s not stopping companies worldwide from investing heavily in the equipment as a means of decarbonisation. As oil and gas firms strive to continue pumping oil for so long as demand and national regulations permit, they must quickly find …

Chinese lenders arranged three-fourths of all the $120 billion in global financing for coal projects last year, new research from BloombergNEF showed on Wednesday. Chinese banks accounted for a massive 76%, or $93 billion, of the arranged financing for coal projects last year, followed by U.S. banks, which were at …

This month, Bill Gates also wrote an article for the New York Times entitled ‘How I Invest My Money in a Warming World’. In the publication, Gates suggests that we may not be doomed due to failing to achieve optimal climate aims, but we must act wisely in response to …