article thumbnail

1.5TW of additional transmission needed for net zero by 2040

Smart Energy International

trillion could deliver savings of $3 trillion in the net zero transition by 2040, new analysis based on the Future Energy Outlook shows. With Europe’s power network already highly connected, only modest expansions are foreseen by 2040 but strengthened Euro-African links would help to decouple Europe from Russia.

Africa 59
article thumbnail

Global Briefing: Colombia to host pre-COP biodiversity summit

Business Green

The Guardian reported this week that a shareholder activist group is taking Australian oil company Santos to court over its claims that it produces "clean fuel" and plans to reach "net zero" emissions by 2040.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Only new fiscal rules will avoid a Budget carbon COP out

Business Green

Much of the focus over the last decade has been on this which should see us reach net zero for power by 2040. A policy framework combining a strong carbon price with support mechanisms for renewables, has seen offshore wind prices tumble by a third. With the world watching ahead of COP we cannot afford a COP-out on low carbon.

COP 60
article thumbnail

The Glasgow Climate Pact: What does it mean for Canada’s climate policy?

Clean Energy Canada

The International Energy Agency was clear in its landmark report earlier this year: phasing out coal power by 2040 is a key milestone on the path to net zero. An existing pledge to phase out fossil-fuel-powered trucks and buses by 2040 now includes an interim target of 30% by 2030. The end of coal is closer (but still too far).

Policy 94
article thumbnail

The Bank of England Has a Coal Problem

GreenTechMedia

That's an amazing transition that demonstrates to the world that it’s possible to transition beyond coal by 2030 in advanced economies (and 2040 globally) as the latest climate science dictates. Such a position would align the Bank with its own rhetoric, the tri-partisan policy of all major political parties in the U.K.,

COP 100
article thumbnail

What business needs from COP26 to deliver on global climate goals

Business Green

Businesses have a stake in the COP outcomes for three main reasons - let me explain. ºC campaign, over 200 companies have signed up to The Climate Pledge - targeting net-zero by 2040, and more than 2,000 small and medium-sized enterprises have joined the SME Climate Hub. This is because business is demanding clearer policies.

COP 41
article thumbnail

COP26: UK planning for in-person summit in Glasgow, but key questions remain

Business Green

Alok Sharma intent on holding 'most inclusive COP ever' in Glasgow, but it is not UK's gift alone to make in-person event happen. This is what makes the next United Nations Climate Conference in Glasgow, COP 26, so critical. If we are serious about 1.5C, Glasgow must be the COP that consigns coal power to history," he said. "If

COP 77