Remove 2050 Remove Carbon Remove Europe Remove Fossil fuels
article thumbnail

Fossil fuels are losing ground to renewable energy in Europe

The Verge: Energy

. | Photo by Jan Woitas/picture alliance via Getty Images The European Union saw a record drop in pollution from fossil fuel power plants last year, according to a new report. Fossil fuels dropped to their lowest point since reliable record-keeping started in 1990, making up less than a third of EU’s electricity generation in 2023.

article thumbnail

Prospective GB News Board Member is Fossil Fuel Investor

DeSmogBlog

Equinor has a majority stake in the Rosebank North Sea oil field, which has been dubbed a “carbon bomb” by environmental law charity ClientEarth. Agnew also has shares in Carbon Plus Capital, a private investment company which specialises in carbon offsetting “based on the protection of forests”. GB News did not respond.

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

New Liz Truss Faction ‘Pops’ With Climate Science Denial and Fossil Fuel Ties

DeSmogBlog

Littlewood’s speech criticised the UK’s net zero target, complaining about “the Climate Change Committee, pronouncing on our progress to the eye-wateringly [sic] expensive and almost certainly unachievable aim of being carbon net zero”. billion invested in fossil fuels via his investment fund Marshall Wace.

article thumbnail

BNEF: Green hydrogen could curb third of fossil fuel and industry emissions by 2050

Business Green

But roughly $150bn of subsidies, carbon pricing and more supportive policies may be needed for green hydrogen to reach full decarbonisation potential, finds analyst. Renewable energy has paved the way to carbon-free electricity. But to meet net-zero emissions targets, we need to go beyond electricity and have carbon-free fuels.

article thumbnail

Mapped: Europe’s Fossil Fuel-Backed Hydrogen Lobby

DeSmogBlog

The UK government’s Hydrogen Strategy , launched in August, promises to develop a “thriving low carbon hydrogen sector” as a “key plank” of its climate plans, and the fuel was given pride of place at a “Hydrogen Transition Summit” hosted in Glasgow during the recent UN climate talks. Hydrogen Europe. Credit: Gaia Lamperti.

article thumbnail

The European Investment Bank Has Quit Fossil Fuels. Now What?

GreenTechMedia

So the EIB's confirmation last month that it would effectively end support for fossil fuels garnered widespread attention — as much for the signal it sends as for the additional impact the bank can make with the freed-up funds. Since 2013 the EIB has invested €13.4 billion ($14.9 Hydrogen could be a beneficiary.

article thumbnail

Banks Due At UK’s ‘Green’ Investment Summit ‘Financed £700 Billion in Fossil Fuels Since Paris Agreement’

DeSmogBlog

Bank bosses due to attend a green investment summit tomorrow head institutions which have provided over £700 billion of financing for the fossil fuel industry since the 2015 Paris Agreement, including £129 billion in 2020 alone. . JPMorgan financed £230 billion in fossil fuels between 2016 and 2020. billion in 2020.