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EIA: Coronavirus Depressing US Power Demand, Slowing Renewables Buildout

GreenTechMedia

While the oil and gas industries face the greatest risks, EIA’s latest Short-Term Energy Outlook also predicts steep declines in commercial and industrial electricity demand, and a significant decline in new generation capacity as a result. These drop-offs in demand will drive down total U.S. Similar views on a coming U.S.

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Global Covid stimulus packages 'doing more harm than good' to planet, researchers warn

Business Green

Global demand for electricity is also growing faster than renewables capacity post-pandemic, opening the door to more fossil fuel energy in many parts of the world. Only around 10.6 Only around 10.6

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The Wild West of plastic credits and offsets

GreenBiz

And, much like the market for carbon offsets, it’s messy. . In the same way that a company’s carbon credit may offset its U.S. Sustainability practitioners have spent the past couple of decades defining and debating the role of carbon credits in the transition to a clean economy, and plastics credits are not fundamentally different.

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EU recovery package: Net zero launch pad or missed opportunity?

Business Green

As MEPs enter talks over EU Council's €1.8tr recovery package and budget deal, many key green questions remain. Of the overall €1.8tr package encompassing the recovery funding and the 2021-27 budget, EU leaders agreed that 30 per cent should be earmarked for the bloc's climate objectives and transition to net zero.

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Sustainable Fashion Guide: 8 Tips to Kick-Start Your Sustainable Fashion Brand Company

Green Business Bureau

billion tons of carbon dioxide annually. Below we’ve detailed eight tips on how to reduce the negative environmental and social impact of your fashion brand company. This supports a circular economic model whereby fewer resources are demanded reducing water demand. Tip #5: Switch to sustainable shipping and packaging.

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A fossil fuel demand peak is fast approaching, but will it come soon enough?

Business Green

A new report from McKinsey predicts global fossil fuel demand 'will never return to its pre-pandemic growth curve', but warns the world is still on track to badly miss its climate goals. The influential consultancy giant today published a new report detailing how it expects global oil demand to peak in 2029, with gas demand peaking in 2037.

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E.ON Wants Germany’s Stimulus Plans to Back Cheap Green Power

GreenTechMedia

Any shortfall in that support should be covered by federal funding, including proceeds from the new carbon tax, Teyssen said Tuesday. Reduced demand during the coronavirus lockdown, coupled with ample wind and solar generation, has seen German power prices go negative, even more so than usual. This would hit consumers hard, E.ON