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'Boom and bust': Are coal and oil on the brink of permanent decline?

Business Green

Two reports out this week have highlighted how developments across 2021 are set to catalyse policy and technological trends that could catalyse the retreat of fossil fuels across the global energy system. It also argued that despite a temporary rebound in 2021, global coal demand is set to slow down from this year onwards.

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Global Briefing: Top European truckmakers vow to phase out internal combustion engines

Business Green

All the green business news from around the world this week. Daimler, Scania, Man, Volvo, Daf, Iveco, and Ford signed a new pledge to phase out traditional combustion engines as they step up investments in hydrogen, battery technology, and clean fuels. It also called for a higher tax on carbon across Europe to help drive the change. "If

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Global Briefing: 'World first' CCUS methanol plant opens in China

Business Green

World-first carbon-to-methanol plant starts production in China. The commercial-scale CCUS facility has been built on the site of an existing steelworks operated by Shunli outside Anyang City in China's Henan Province. The initiative, which was launched at COP26 in Glasgow, claims that achieving its ambitions could shave 0.2C

Methane 36
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Global briefing: US eyes sweeping climate risk disclosure rules

Business Green

All the top green business news from around the world this week, including China coal fleet concerns, ultra-white paint and Brazil's rainforest funding demands. Report: China must shut 364GW of coal by 2030 to reach net zero. US prepares sweeping climate risk disclosure rules.

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Global Briefing: Indian coal mine auction attracts minimal interest

Business Green

All the top green business news from around the world this week, including US climate diplomacy, COP26 preparations, and sobering Amazon rainforest research. India coal sector woes as 48 mines attract zero bidders. per cent, while controversially setting out demanding conditions to determine when budgets can increase in the future.

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In defence of net zero

Business Green

For much of the past two years the global push to deliver net zero emissions has enjoyed a remarkable golden run. National and state governments have rushed to announce long term net zero emissions goals, to the point where around two thirds of global GDP is now covered by some form of target.

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Global Briefing: French court rules government breached climate goals

Business Green

French court rulings, Australian net zero plans, Michael Bloomberg's latest climate role, and all the green business news from around the world this week. Campaigners in France this week hailed an "historic victory" after a Paris court ruled the government was responsible for failing to deliver promised emissions reductions.