Environment

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 …

A raft of new pledges announced at the COP28 climate summit – from tripling renewables to reining in methane emissions – won’t be enough on their own to limit global warming to 1.5 degrees Celsius, the International Energy Agency (IEA) said on Sunday. So far, 130 countries have agreed to …

The European Union says it’s time for the oil boss presiding over this year’s global climate talks to step up and push for a fossil fuel phaseout. Spanish Ecological Transition Minister Teresa Ribera, who represents EU governments in the negotiations, said Sultan al-Jaber, the COP28 president and CEO of the …

The European Commission will recommend a three-year delay for EV tariffs traded with the UK, Bloomberg sources suggested on Tuesday. Starting in 2024, the current Brexit deal calls for EVs transported between the UK and EU to be slapped with a 10% tariff if less than 45 percent of the …

The Mediterranean has big dreams of becoming Europe’s clean energy powerhouse, but they have a long way to go before that goal becomes economically and logistically feasible. Between its plentiful sun for solar energy and its considerable existing natural gas infrastructure, which could be repurposed for piping green hydrogen across …