The International Renewable Energy Agency and China’s National Energy Administration signed an agreement to strengthen efforts towards reaching carbon neutrality goals in the world’s second-largest economy. Abu Dhabi-based Irena, which is headquartered in Masdar City, will prepare a comprehensive energy transition roadmap that will identify key policy actions, technology solutions, …
Read More »Denmark, Norway, & US Spearhead Zero-Emission Shipping Mission
The governments of Denmark, Norway, and the United States, along with the Global Maritime Forum and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, will lead a new Zero-Emission Shipping Mission as part of Mission Innovation. The mission aims to accelerate international public-private collaboration to scale and deploy new …
Read More »IEA, World Bank Call for Carbon Price to Speed Up Energy Transitions
National carbon prices and similar mechanisms are urgently needed as a part of countries’ concrete national net-zero policies, International Energy Agency (IEA) Executive Director Fatih Birol told the World Bank Group’s virtual climate action event Innovate4Climate on 26 May. The IEA recently released a report describing how a rapid rise …
Read More »UAE to Build $1 Billion Green Ammonia Facility in Clean Energy Push
The UAE’s Khalifa Industrial Zone Abu Dhabi or KIZAD has announced plans to build a $1 billion green ammonia facility in the free zone targeting regional and international markets as OPEC’s third-largest oil producer boosts investments in clean energy. Helios Industry, a privately-owned special project vehicle company or SPV, will …
Read More »Middle East has Set to Become a Hydrogen Hub
The biggest oil-exporting region in the world, the Middle East, has set its sights on becoming a major clean energy exporter of green hydrogen. The largest oil producers in the Arab Gulf have jumped on the hydrogen bandwagon — especially its so-called green variety produced from water electrolysis using electricity …
Read More »EU Lawmakers Give Final Approval to Bloc’s Green Transition Fund
The European Parliament formally approved the European Union’s multi-billion euro fund on Tuesday (18 May) to support countries as they wind down fossil fuel industries as part of Europe’s push towards fighting climate change. The €17.5 billion Just Transition Fund (JTF) combines cash from the EU’s budget and its COVID-19 …
Read More »The World’s Top Energy Agency Reckons with Net-Zero Emissions
Ours is a global society accustomed to eternal debate and marginal change distributed over many years. But it won’t do in the era of climate change. That’s the message of the International Energy Agency’s “Net Zero by 2050” report. The energy transition, the historically staid body says, is an all-hands-on-deck …
Read More »The EU Carbon Tax could Create a New Era of Trade Wars
Europe’s carbon border levy to increase the cost of CO2-intensive goods entering the EU could push the Global South towards less restrictive trade deals, ultimately causing more harm to the environment, writes Muhammed Magassy. Muhammed Magassy is a Member of Parliament for ECOWAS (The Economic Community of West African States), …
Read More »World must End Coal to Save Planet
The world needs to ditch coal in order to tackle climate change and save the planet, former UK business secretary Alok Sharma, who is now president for this year’s global climate summit COP26, said on Friday. In a speech in Glasgow, the city that will host the 26th United Nations …
Read More »China’s Greenhouse Gas Emissions Exceed Emissions from all Developed Countries
China’s greenhouse gas emissions in 2019 exceeded those of the U.S. and other developed nations combined, with the nation of over 1.4 billion people being responsible for more than 27 percent of total global emissions. The findings are in a report published on Thursday by the research and consulting firm, …
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