News
News
May 04, 2023
Elon Musk's private jet emits more than 2,000 tons of carbon
Elon Musk flied private jet more than virtually anyone else in the U.S. last year, according to a report published on Monday by the Institute for Policy Studies and the nonprofit group Patriotic Millionaires.
April 17, 2023
Global methane levels soar to over 2.5 times pre-industrial levels
The rapid rise of atmospheric levels of carbon dioxide (CO2), methane and nitrous oxide has been continuing in 2022, observed the US National Oceanic and Atmospheric Administration (NOAA) scientists, with methane levels in the atmosphere more than two and
April 13, 2023
European aviation warns of €800bn bill to reach net zero
The European aviation industry faces more than 800 billion euros in extra costs to reach net zero emissions by 2050 to limit climate change, according to an industry-commissioned report that highlights the challenge facing the sector as it decarbonises.
March 16, 2023
China to slash steel output for third year to reach climate goals
China will again decrease its yearly crude steel production in 2023, according to a source familiar with the matter. This move will mark the third consecutive year in which the government has imposed forced cuts to output to curb carbon emissions from the
March 16, 2023
ING to restrict financing of oil, gas trading against climate change
ING Group NV, a leading global lender to commodities trading, has announced its plans to cut the volumes of oil and gas deals it finances as part of its efforts to markedly reduce the company's carbon footprint.
March 02, 2023
China approves record number of new coal-fired power plant in 2022
China approved the construction of 106 GW of new coal-fired power capacity last year, four times more than the previous year and the highest level since 2015, spurred by energy security concerns, according to a research released on Monday.
February 22, 2023
Indonesia’s energy transition continues to face headwinds
Indonesia is one of the world's leading coal producers. Nonetheless, it has pledged to cut back on its usage of fossil fuels in the near future.
Last year, Indonesia signed five agreements to cut its carbon emissions. Among these was the $20 billion Ju
February 21, 2023
Last year, Indonesia signed five agreements to cut its carbon emissions. Among these was the $20 billion Ju
Amazon funds $1.6 million for carbon-sequestering seaweed farm
Amazon.com has awarded 1.5 million euros ($1.6 million) to a Dutch project testing the feasibility of commercially producing seaweed in between turbines of offshore wind farms, the company and organisers said.
February 16, 2023
Denmark grants first CO2 storage licences for North Sea projects
The Danish Ministry of Climate, Energy, and Utilities has awarded its first licences to capture and store carbon in the North Sea to Wintershall Dea, INEOS Energy and TotalEnergies.
January 18, 2023
US fell behind climate goals as greenhouse gas emissions grew in 2022
U.S. greenhouse gas emissions rose in 2022, by 1.3% compared to the previous year according to preliminary estimates by environmental consultancy Rhodium Group.