Donald Trump’s re-election is a heavy blow to global climate action. Many climate activists have been shocked. Trump intends to weaken climate diplomacy and will probably serve as a bad example for fossil-fuel countries. US emissions are likely to remain very high, and the 1.5-degree target will probably be out of reach for good. However, […]
According to a Greenpeace study, the current draft of the German government’s carbon management strategy will cost between 39 and 81 billion euros by 2045. The environmental organization believes the capture and storage of CO₂ (carbon capture and storage, CCS) is “an expensive technology” and “widespread use of CCS is not economically viable.”Greenpeace criticizes that […]
China aims to boost the consumption of renewable energies and has issued a new directive to this end. According to the consulting agency Trivium China, the new targets are “incredibly ambitious.” This is planned:In recent years, China has massively expanded its renewable energy generation capacity. Plans to increase demand include:“The rate at which key economic […]
The reform of the World Bank and International Monetary Fund (IMF) towards more climate protection has made some progress in recent months and years. However, at the annual meeting of the two financial institutions (Oct. 21-26), critics are complaining that the reform is progressing too slowly and neglecting important solutions. Observers also fear that the […]
Is a lack of money preventing the world from being saved? Over the next few weeks, heads of state will hold a summit marathon involving the Climate COP, the Biodiversity COP (COP16) and the G20 summit. Today, Claire Stam analyzes why the Biodiversity Conference faces similar challenges to the Climate Conference in November: Who will […]
According to an analysis by energy research company Rystadt, CO2 emissions from the flaring of associated gas during global oil and gas production increased by seven percent between 2022 and 2023. Flaring caused around 300 million tons of CO2 in 2023. Between 2021 and 2022, some progress was made in reducing flaring, but this progress […]
Shortly before the next climate conference, many details of the new climate finance goal (New Collective Quantified Goal – NCQG) remain open. The co-chairs of the NCQG working group presented a “framework for a draft negotiating text” on Tuesday, outlining the different positions of countries.The negotiators at COP29 must find compromises on the following issues:There […]
The world is on the cusp of an “age of electricity,” as the International Energy Agency (IEA) shows in its World Energy Outlook presented on Wednesday. It predicts that demand for fossil fuels will peak by the end of the decade and then fall. After that, an oversupply of fossil fuels will probably lead to […]
The world is at risk of falling massively short of the target agreed at last year’s climate conference to triple the capacity of renewable energies by 2030. This is the conclusion of a report by the International Renewable Energy Agency (Irena), which states that installed generation capacity would have to grow from the current 3,900 […]
The construction and operation of CCS projects planned in Europe could require up to €140 billion in subsidies. This is the conclusion of a study by the think tank Institute for Energy Economics and Financial Analysis (IEEFA), which is to be published today. The study found that most planned CCS projects are too expensive, making […]