At climate conferences, ‘It’s a monumental problem’“We only have seven years left to halve global greenhouse gas emissions,” says Jennifer Morgan. In COP negotiations or whenever she talks to politicians, she emphasizes this urgency. And she tries to point out the connections: Climate change, she says, is key to sustainable development and protecting health.When Morgan […]
More than half of Europe’s LNG infrastructure could go unused by 2030. This is the result of an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). By 2030, LNG terminal capacity could exceed 400 billion cubic meters if all expansion plans are realized. According to different estimates, demand in 2030 is expected […]
Emissions Trading Systems (ETS) continue to grow in importance around the world. There are now 28 ETS systems, compared to just 13 a decade ago, and the global share of emissions covered by an ETS also doubled, according to the International Carbon Action Partnership (ICAP) Status Report presented on Wednesday.Large economies like the EU and […]
South Korea has softened the climate targets for the industrial sector. The industry now only has to cut its emissions by 11.4 percent by 2030 compared to 2018. The previous target was 14.5 percent, according to Reuters. This softening was justified by more realistic assumptions about “domestic conditions” such as the supply of raw materials […]
Larry Fink is considered the most powerful man in global finance. The US American is the founder and CEO of BlackRock – the world’s largest asset manager. With his annual, high-profile letters to CEOs, he branded himself as a champion for climate change. In recent years, he has drawn the attention of board members and […]
UN Secretary-General António Guterres once again had clear words. “The climate time bomb is ticking. But today’s IPCC report is a how-to guide to defuse the climate time bomb”. Guterres called on the G20 countries to step up their climate action efforts and provide emerging and developing countries with financial and technical resources to keep […]
Germany surprisingly met its climate target for 2022 after all. However, the decline was not as strong as in the Netherlands. New data from the German Federal Environment Agency show:Carbon emissions fell by a good 15 million metric tons compared with 2021 to around 746 million metric tons.In 2022, emissions have thus fallen by 1.9 […]
The world is again hopping on the fossil fuel train – this is the impression you could get from today’s issue. Bulgaria wants to reverse its coal phase-out plans because exporting electricity proves to be quite lucrative. In Colombia, its Minister of Finance warns against a rushed energy transition – government revenues from oil and […]
Environmentalists and indigenous groups have filed a lawsuit against new oil and gas drilling in Alaska. On Monday, the Biden administration authorized ConocoPhillips’ eight-billion-dollar project called “Willow” for the extraction of oil and gas in northwestern Alaska. The project will produce more than 570 million barrels of oil and, according to various estimates, will emit […]
The gender gap at the UN climate conferences is closing only very slowly. The COP is still dominated by men. The delegations of the Parties at the COP27 in Sharm el Sheikh consisted of 63 percent men and only 37 percent women. At the first COP in 1995, the imbalance was even greater, at 88 […]