article thumbnail

'Good money after bad': Why new coal power would be a risky post-Covid-19 investment

Business Green

Almost half of all global coal plants are already set to run at a loss in 2020, warns think tank Carbon Tracker. Building new coal and propping up the existing fleet with stimulus money would be throwing good money after bad," said study co-author Matt Gray, Carbon Tracker's co-head of power and utilities.

article thumbnail

COP25: The Path of Hope or the Path of Surrender

Green Market Oracle

degrees Celsius above pre-industrial levels, reach carbon neutrality by 2050 and cut greenhouse gas emissions by 45 per cent from 2010 levels, by 2030. The key missing ingredient is a lack of political will he said: “Political will to put a price on carbon. Global average levels of carbon dioxide reached 407.8

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Global Briefing: UN calls for rapid acceleration in European CCS deployment

Business Green

UN argues 'rapid deployment' of CCUS needed to meet carbon neutrality goals. The report acknowledges that CCYUS technologies alone will not be sufficient to deliver carbon neutrality in line with the goals ofthe Paris Agreement. ENGIE hails 'world first' gas from waste breakthrough.

article thumbnail

'Net zero doesn't solve the problem': Five key lessons from the CCC's climate risk assessment

Business Green

Stark reasons that resilience and adaptation are seen by politicians as less-glamorous cousins to exciting net zero missions and clean tech investments, while the long-term planning required falls outside typical election cycles, leading to limited political pressure for the government to act. Stark's message was, well, stark. "We

article thumbnail

'Kicking the can down the road': Why a dash for gas to boost energy security would be a risky business

Business Green

Researchers at TransitionZero sought to calculate the rough carbon price required to 'leapfrog' fossil gas and switch straight from coal power to an electricity system primarily powered by renewables such as onshore wind and solar PV plus battery storage.

article thumbnail

Does the WRI’s new Sustainable Food Future report need an update already?

AFN Sustainable Protein

Yet the material itself did feel fairly stale, taking 2010 as its benchmark year while looking forward to 2050. Later in her Katowice speech, Thunberg said simply that “Until you start focusing on what needs to be done rather than what is politically possible, there is no hope.” But first of all, does it pass the Thunberg test?

article thumbnail

How Shell Is Selling the Petrochemical Buildout as ‘Sustainable’

DeSmogBlog

For instance, the company’s just-published “ Energy Transition Progress report ” references chemicals right alongside “low carbon energy” and “renewable natural gas” as examples of the company’s stated commitment to lowering emissions. While selling off some refineries in the U.S.,