Browsing Category
Climate
China’s methane policy is a’starting play’ ahead of the UN climate summit
China, the world's biggest producer of methane (a powerful global warming gas), has played an "opening move" before the UN Climate Summit by promising to track and reduce harmful emission from the gas.
In a Tuesday statement, China…
Denmark says EU farmers should be responsible for carbon emissions.
The Danish climate minister said that EU farmers must pay for their greenhouse gases emissions. This comes as Brussels struggles with reining in a sector which is projected to be the biggest polluter of the EU by 2040.
Lars Aagaard…
EU and UK ban foreign fossil fuel project subsidies
According to sources familiar with the issue, the UK and EU are pushing the richest countries in the world to stop subsidizing foreign oil and gas production and coal mining. This will happen at a closed door OECD meeting scheduled for next…
ExxonMobil’s $60 billion oil bet is a contrarian move.
Darren Woods, ExxonMobil's chief executive, has been arguing for years that oil and natural gas will continue to be a major part of the global energy mix despite attempts to reduce emissions from burning them. He bet $60bn on the…
Breakthrough Fund, backed by Bill Gates, targets third $1bn in capital raising
Breakthrough Energy Ventures, a company founded by Bill Gates and backed with $1 billion in investment capital, is looking to raise an additional $1 billion for its latest fund. The money will be used to invest in technology and companies…
Russia opposes plan to phase-out fossil fuels
Russia warned that it would oppose any global agreement to reduce fossil fuel use, amid tensions between Russia and the west following Moscow's invasion in Ukraine. This could derail the UN Climate Summit this year.
A large group of…
The EU candidate for climate chief is calling for global carbon taxes
The EU's nominee for climate chief proposed taxing all fossil fuels, including those used in the shipping and airline industries, to raise money for a fund that would help countries affected by carbon pollution.
Wopke hoekstra, former…
Rosebank, a new North Sea oilfield, will bring billions to the Treasury
Ministers say that the development of Britain's biggest untapped oilfield in the North Sea would generate billions in tax revenue and boost UK energy security for many decades.
The North Sea Transition Authority approved Rosebank Oil…
EU legislators vote for a sharply increased renewable energy target
The EU has voted to increase renewable energy's share in the EU to over 40% by 2030, and to ease permitting procedures. This comes as solar and wind power groups have warned that they face bankruptcy.
The European Parliament's decision…
BlackRock and Glencore part ways over environmental policy
BlackRock and MFS Investment Management voted both against Glencore’s climate plan during the Swiss miner’s annual general assembly earlier this year. This marked a rare split between the mining firm and two of its biggest institutional…
Montana Youth Climate Plaintiffs Win State Case Over MEPA Limitation
A Montana state judge ruled on Monday that Montana oil and gas policies violate the constitutional rights of young people to a healthy environment. This is a major victory for youth climate plaintiffs, which will likely resonate across the…
Leonardo DiCaprio, Ashton Kutcher back Bristol microplastics startup
Hollywood stars Leonardo DiCaprio, and Ashton Kutcher invested millions in a UK startup that filters microplastics out of washing machines.
Matter, a Bristol-based technology firm, has received $10m (£7.86m). The money will be used to…
Cardiff’s decision to scrap new bypasses has left a Welsh town on a road that leads nowhere
Two traffic signs at the edge of St Ilid's Meadow, a housing development in Llanharan in south Wales, inform drivers that the national speed limit has been imposed. Just beyond the gate, the road abruptly ends at scrubland that has grown…
EU plans to relax GMO regulations to help farmers adapt climate change
Brussels is planning to lift the controls on certain genetically modified plants to help farmers deal with climate change. This move will likely reignite an Europe-wide discussion about these controversial techniques.
The draft EU…
Climate Change Risks: EU Banks Expand Their Scenarios
According to a survey by Oliver Wyman and the Association for Financial Markets in Europe, European banks are developing their risk models in order to prepare for climate change. Some even examine the short-term implications of a warmer…
After a fractious vote, Switzerland passes a law to reduce carbon emissions
This weekend, Switzerland's commitment towards reducing carbon emissions was tested in a national vote which challenged the strength and sustainability of green politics.
The Climate Law passed by a referendum with 58% of the vote on…
Scientists say that Earth has reached its maximum safe limit for humans
Research shows that 7 of the 8 boundaries on planet Earth have been pushed into risk zones by human activities The earth is already past safe limits for humans as temperature rise, water system disruption and destruction of natural habitats…
Wall Street’s biggest banks face a harsh reality check in China
Wall Street giants are realizing that more than three years after China’s grand opening, their hopes of a windfall profit from the $60 trillion Chinese market seem to be less realistic than ever.
Goldman Sachs Group Inc., Morgan Stanley…