DeSmogBlog

OCTOBER 18, 2021

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.

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Fossil fuels Investment Pollution Global warming 98

The Guardian: Energy

AUGUST 29, 2023

The 27 member states burned 17% less fossil fuel to make electricity between January and June 2023 than over the same period the year before, a study from the clean energy thinktank Ember found. Continue reading.

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Fossil fuels Electricity Demand Energy 69

Business Green

JULY 23, 2020

Clean energy generated more electricity than fossil fuels in the EU over the first six months of 2020, largely due to a raft of new solar and wind installations dominating an electricity market pinched by Covid-19, new findings have shown.

Fossil fuels 101

Fossil fuels Electricity Europe Carbon-neutral 101

Business Green

MAY 18, 2022

EU leaders are expected to announce a major acceleration of its offshore wind ambitions later today, with the unveiling of a plan to increase capacity across the continent 10-fold by 2050 as the bloc steps up efforts to curb its reliance on Russian fossil fuels. And thirdly, it will help decarbonise our economies.".

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Fossil fuels Europe Energy Energy 98

Business Green

FEBRUARY 9, 2021

Analyst cautions that demand for fossil fuel from automotive market will only drop by 24 per cent by 2050, despite bullish predictions for EV market. Meanwhile, fuel cell vehicles will comprise three per cent of sales and plug-in hybrid vehicles five per cent, it said.

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Fossil fuels North America Europe Automotive 91

DeSmogBlog

APRIL 18, 2021

Fossil fuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their “greenwashing” Environmental lawyers ClientEarth have put companies on notice with the publication of the Greenwashing Files. ExxonMobil – “Powering Progress”.

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Fossil fuels Carbon-neutral Carbon-negative Carbon 98

Envirotec Magazine

FEBRUARY 5, 2024

The actions of NPG go directly against the Government’s wider agenda to move away from fossil fuels and achieve carbon net zero goals by 2050 and it is stifling investment in the area. “The North East is enjoying a renaissance for clean energy as it emerges as a key hub for renewables. The delay represents a major setback.”

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Batteries Fossil fuels Resilience Europe 264

GreenBiz

OCTOBER 13, 2020

The bank, currently Europe's second largest financier of fossil fuels, has committed to reaching net-zero across its supply chain and operations by 2030, before reaching net-zero across its customer portfolio 20 years later. That's just science, not finance.".

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Fossil fuels Retail Climate change Investment 458

DeSmogBlog

OCTOBER 3, 2021

Nearly two thirds of social media posts put out by six major European fossil fuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossil fuels, reveals new analysis by Desmog.

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Fossil fuels Carbon-neutral Carbon-negative Carbon 98

Business Green

OCTOBER 24, 2022

Europe's ‘dash for gas’ in wake of energy crisis is 'exact opposite' of what countries should be doing to drive down energy prices and emissions, IISD concludes. The world should not develop any new sources of fossil fuels if it is stand a chance of limiting global warming to 1.5C aligned gas phase-out pathway," the study notes.

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Fossil fuels Europe Government Global warming 65

Business Green

JANUARY 28, 2021

HSBC and Barclays currently benefit from low levels of consumer awareness about their financing of high carbon activity, but could face of exodus of customers if public understanding of their fossil fuel investments improves. Funding fossil fuels has been Barclays and HSBC's dirty little secret," he said.

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Fossil fuels Ethics Investment Europe 78

GreenTechMedia

OCTOBER 23, 2021

EIA and IEA are out with projections for emissions and fossil fuel consumption. On our current policy trajectory, there is no peak in sight, according to EIA By 2050, we will likely see a 50% increase in energy consumption. That means emissions could rise through 2050, absent massive changes to policy.

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Energy Energy Europe Fossil fuels 225

Business Green

MARCH 22, 2023

ShareAction issues statement calling on Europe's largest chemical companies to ramp up decarbonisation efforts European chemical companies are this morning facing fresh calls to end their reliance on fossil fuels in order to meet climate targets. The soaring cost of gas is showing how dependent this industry is on fossil fuels.

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Fossil fuels Carbon-neutral Europe Global warming 36

GreenTechMedia

OCTOBER 14, 2021

EIA and IEA are out with projections for emissions and fossil fuel consumption. On our current policy trajectory, there is no peak in sight, according to EIA By 2050, we will likely see a 50% increase in energy consumption. That means emissions could rise through 2050, absent massive changes to policy.

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Energy Energy Power grid Europe 199

Business Green

MARCH 10, 2023

The text, which has been approved by ministers from all 27 EU nations , states that the bloc will "systematically promote and call for a global move towards energy systems free of unabated fossil fuels well ahead of 2050", alongside pushing for a peak in fossil fuel consumption in the near term.

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Fossil fuels Energy Monitor Building Energy Monitoring Business Energy Monitoring 36

Business Green

APRIL 22, 2021

Solar and wind power could push fossil fuels out of the electricity sector by the mid-2030s and out of the energy supply system altogether by 2050, as clean energy costs continue to plummet and governments pursue policies designed to ditch fossil fuels for cheap, home-grown renewables. per cent of daily sunshine.".

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Fossil fuels Energy Monitor Solar Energy Monitor Building Energy Monitoring 69

Envirotec Magazine

MAY 24, 2023

Natural gas is not cleaner than other fossil fuels and using it instead of coal or oil risks achieving little or no reduction in greenhouse gas effects, says science advisory group the European Academies’ Science Advisory Council (EASAC) in a new report “Future of Gas”.

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Natural gas Global warming Fossil fuels Climate change 299

Business Green

MAY 19, 2020

Ambitious draft climate law would immediately ban new oil, gas and coal projects and end subsidies for fossil fuels. per cent over the next decade. The government hopes the enshrine the legislation in statute by the end of the year, enabling the delivery of a sweeping set of plans to rapidly decarbonise the country's economy.

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Law Government Fossil fuels Climate change 101

GreenTechMedia

DECEMBER 11, 2019

New European Commission President Ursula von der Leyen unveiled Europe's Green Deal on Wednesday, a package of 50 far-reaching policy ideas that are still missing many key details, calling it a "man on the moon moment" for Europe. This is Europe’s ‘man on the moon moment.’

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Europe Carbon-negative Packaging Policy 100

DeSmogBlog

APRIL 18, 2024

In her book, Ten Years to Save the West , which she is promoting widely this week, Truss writes that “the zealous drive to net zero”, the UK’s legally binding 2050 climate target, amounts to “unilateral economic disarmament” and is “a drag on economic growth”. She adds that “the U.S. government to spur green technology investment.

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COP Law Fossil fuels Climate change 135

DeSmogBlog

DECEMBER 21, 2022

But now Europe is poised to enact laws that would not only recognise the harms of chemical-intensive agriculture, but also to ensure that synthetic pesticide and fertiliser use is significantly reduced. The battle over agrochemical regulation is not new.

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Europe Sustainability Agriculture Biodiversity 96

Business Green

JULY 5, 2022

A raft of leading concrete and construction firms have joined forces to launch a major new initiative that aims to deliver 100 per cent net zero emission concrete by 2050, with signatories pledging to meet a series of decarbonisation goals within the coming decade.

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Carbon-negative Construction Fossil fuels Demand 91

Business Green

MARCH 30, 2020

Barclays has set out its ambition to become a net zero bank by 2050, today pledging to align both its own business as well as its entire financing, investing and lending portfolio with the goals of the Paris Agreement within the next 30 years. Nevertheless, announcing a 30-year ambition is arguably the easy bit," he added.

Fossil fuels 96

Fossil fuels Climate change Global warming Investment 96

Envirotec Magazine

MARCH 6, 2023

In recent years, there has been a growing concern about the impact of human activity on the environment, and the need to reduce our reliance on fossil fuels in order to combat climate change. With so much CO2 saved, solar panels are crucial for the world to reach the net zero goal by 2050 as set in the Paris Agreement.

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Fossil fuels Climate change Energy Energy 130

DeSmogBlog

OCTOBER 19, 2023

Almost 100 universities that have pledged to shed ties to the fossil fuel industry still bank with financial institutions that have collectively provided $419 billion (£345 billion) to polluting interests between 2016 and 2022. million in funding from fossil fuel companies since 2022.

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Fossil fuels Education Global warming Pollution 114

Business Green

APRIL 20, 2020

The global economic response to the coronavirus crisis should accelerate the shift towards net zero emissions, delivering a multi-trillion dollar renewable energy drive that offers a pathway that would more than pay for itself in GDP growth, jobs, and welfare by 2050, IRENA has argued.

Energy 95

Energy Energy Fossil fuels Packaging 95

Charged

DECEMBER 14, 2022

However, the war has provided the most powerful reminder imaginable of the importance of phasing out fossil fuels. Furthermore, Ukraine is one of the largest markets for trucks in Europe. It might seem that the government of Ukraine has more urgent matters to worry about at the moment than promoting EVs.

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Fossil fuels Logistics Europe Transportation 118

DeSmogBlog

NOVEMBER 30, 2023

The European Union has clearly laid out its position: Climate neutrality, the Council of the EU stated last month, will require “a global phase-out of unabated fossil fuels and a peak in their consumption in this decade.” But more stands between COP28 and concrete steps forward for our climate.

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Fossil fuels Methane Carbon-neutral Technology 123

Business Green

APRIL 5, 2022

The critical window for action to transform the plastics system across Europe in order to meet both circular economy and climate goals is narrowing, with a major ramp up in innovation, policy ambition, investment, and corporate cooperation urgently needed over the next five years.

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Fossil fuels Plastics Europe Waste 40

GreenTechMedia

NOVEMBER 25, 2020

released its 10-point plan to achieve its target of net-zero carbon by 2050. It was joined by a 5 GW clean hydrogen goal, a doubling of support for carbon-capture projects and a 10-year advance on the ban of new fossil-fueled cars, the date for which is now 2030. On Wednesday the U.K. All in all, the U.K.

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Europe Hydrogen Demand Fossil fuels 130

Renewable Energy World

SEPTEMBER 7, 2021

Opponents of climate policy say curbing fossil fuel emissions will kill jobs, but a new study showed that switching to renewables would actually create more jobs than a fossil fuel–heavy future will. Renewables will make up 84% of energy jobs in 2050, primarily in wind and solar manufacturing.

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Fossil fuels Energy Energy Africa 126

Business Green

JUNE 22, 2022

Confidence is rapidly growing that fully decarbonising the power system across the UK and Europe can be achieved at no additional cost by 2035. It therefore argues such a vision should be at the core of government's policy plans as they strive to deliver on their goal of building a net zero emission continent by mid-century.

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Europe Fossil fuels Policy Solar Power 56

The Verge: Energy

FEBRUARY 6, 2024

Illustration by Hugo Herrera / The Verge The European Commission today recommended reducing carbon dioxide emissions from fossil fuels by 90 percent by 2040 compared to 1990 levels. Dominic Eagleton, senior fossil fuels campaigner at the nonprofit Global Witness, said in a statement today.

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Pollution Fossil fuels Carbon Technology 91

Business Green

MARCH 4, 2020

A Europe-wide 'Climate Law' that would legally require all EU members to build net zero economies by 2050 has been unveiled today by the European Commission as the key pillar of its Green Deal vision. EU Commission President Ursula von der Leyen claims law will see net zero taken into account 'in all future policy and legislation'.

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Law Policy Europe Carbon-neutral 85

Business Green

JANUARY 4, 2023

As such, it sets out how the UK could accelerate its transition away from fossil fuels, secure its energy supplies, and tackle the looming affordability, security, and sustainability 'trilemma' through a raft of new policies. Britain will continue to need to access fossil fuel supplies during the Net Zero transition.

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Fossil fuels Government Energy Energy 36

GreenTechMedia

MAY 14, 2020

Late last year, the European Union introduced a $1 trillion plan to reach carbon neutrality by 2050 and achieve a just transition away from polluting technologies. Europe’s Green Deal enjoys strong backing from many of the EU’s top political figures. Recommended reading: GTM : Moonshot Moment: Europe Announces Green Deal.

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Politics Carbon-neutral Europe Fossil fuels 130

DeSmogBlog

NOVEMBER 15, 2022

German, Italian and other companies have been scouring Africa for alternatives to Russian supplies in the wake of the February invasion of Ukraine, raising fears that new projects will lock Africa into long-term dependence on fossil fuels. We cannot be Europe’s gas station. Different path.

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Africa Natural gas Fossil fuels Europe 87