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Tag: Fossil Fuels
Renewables firmly cemented their cost leadership in global energy markets in 2024, with 91% of newly commissioned renewable projects delivering electricity at a lower cost than any fossil fuel alternative,...
The European Commission has launched the Clean Industrial Deal, a sweeping business plan aimed at reinforcing industrial competitiveness, reducing emissions, and securing Europe’s clean energy future. The €100 billion initiative...
Ingka Group, the largest IKEA retailer, is investing €1.5 billion to accelerate its transition away from fossil fuels. This move contributes to the company’s goal of reducing its climate footprint...
Key Impact Points: Plans to build the UK’s first deep coal mine in over three decades have been blocked by the High Court. The mine, proposed for Whitehaven in Cumbria,...
Key Impact Points: Colombia has launched a $40 billion investment portfolio aimed at catalyzing its transition from fossil fuels and adapting to climate change impacts, confirmed by an environment ministry...
The European Commission’s REPowerEU Plan, launched in May 2022, aims to transform Europe’s energy landscape by reducing reliance on Russian fossil fuels and boosting renewable energy production. This strategic move...
A Broken Promise: Fossil Fuel Funding Continues Despite Climate Commitments A new report by Oil Change International (OCI) and Friends of the Earth US reveals a troubling disconnect between the...
A new report by Boston University’s Global Development Policy Center and the African Economic Research Consortium sheds light on China’s potential to be a transformative force in Africa’s shift towards...
Key findings The EU’s progress in reducing emissions has accelerated significantly in 2023. A new research paper produced by the Center for Research on Energy and Clean Air (CREA) found...
Key Impact Points: The European Commission has approved a €2.9 billion French scheme for supporting investment in green industries (tax credit for investment in green industries) to foster the transition towards a net-zero...
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals After reaching...
The latest COP28 draft outcome text released to negotiators in Dubai Monday evening dropped a call to ‘phaseout’ fossil fuels, prompting outcry from climate vulnerable countries and civil society. The...
UN Secretary-General António Guterres on Monday urged a deal at COP28 on the phaseout of fossil fuels, telling negotiators that “now is the time for maximum ambition and maximum flexibility,”...
A carbon-free global economy requires the phase-out of fossil fuel subsidies. That’s why the Glasgow Climate Summit in 2021 agreed to phase out inefficient fossil fuel subsidies, on the back...
Parliament adopted its demands for the UN Climate Change Conference COP28, which will review progress on the implementation of the Paris Agreement. With 462 votes in favour, 134 against and...
A major new report published finds that governments plan to produce around 110% more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69% more than would be consistent with 2°C....
Companies including Nestle, Unilever, Mahindra Group and Volvo Cars are urging political leaders to agree a timeline at the upcoming U.N. climate summit to phase out fossil fuels. 131 major...
The Church Commissioners and the Church of England Pensions Board have announced that they will independently disinvest from fossil fuels. The Church Commissioners and Church of England Pensions Board each...
(Euro News) – Flying is responsible for 2.5 percent of the world’s CO2 emissions, so reducing its climate impact is crucial to mitigating climate change. Despite the problem’s importance, most...
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