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Seoul, South Korea aiming for 1 GW geothermal development

ThinkGeoEnergy

The City of Seoul in South Korea has created a “Comprehensive Plan for Promotion and Activation of Geothermal Energy” that aims to grow its current installed geothermal heating and cooling capacity of 278 MWth to 1 GW by 2030. of the city’s renewable energy mix.

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Tackling Scope 3 emissions: the key to keeping 1.5°C alive

Envirotec Magazine

This November, world leaders, climate activists, and business executives have been gathering in Sharm El-Sheikh for COP27, the UN’s annual Climate Change Conference. We’re now almost halfway between 2015 (when the Paris Agreement was signed) and 2030 – a key milestone for making sure we’re on track to meet these vital net-zero targets.

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Consultancy giants announce ambitious new net zero goals

Business Green

EY confirms it is aiming to reach net zero emissions by 2025, as KPMG unveils target to do the same by 2030. EY confirmed on Monday it aims to become 'carbon negative' this year by significantly reducing its absolute emissions and removing and offsetting more carbon that it emits.

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UK Ministers Met 1-on-1 with Fossil Fuel and Biomass Producers Nine Times as Often as Renewables Since Kwasi Kwarteng Took Energy Portfolio

DeSmogBlog

Policymakers met with fossil fuel and biomass producers nine times as often as with their renewable energy counterparts, DeSmog can reveal, raising fresh concerns over the depth of the government’s commitments to reaching net zero emissions by 2050. Our record on renewable energy speaks for itself,” they said. “In

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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

Countries and companies have also kicked off pledges to triple investments in renewables and nuclear, drive down methane emissions, and commit loss and damage funds. In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs.

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Cheap Wind and Solar Should Prompt ‘Rethink’ on Role of CCS, Paper Argues

DeSmogBlog

The falling cost of wind and solar power significantly reduces the need for carbon capture and storage technology to tackle climate change, a new paper has argued. Cheap, abundant renewable energy reduces the value of CCS in all areas.”. by the end of the century. Renewables. The Right Kind of CCS’.

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More wind and solar capacity could save some of the world’s most important rivers

Renewable Energy World

The proportion of global power generation represented by VRE, such as wind and solar power, has been rising rapidly since 2007. Renewables will become the largest source of electricity generation in 2025. Existing hydropower plants can also help with this large ramp up power.