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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 oil industry has been particularly badly hit.

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The (not so) green recovery: New report warns world is failing to 'build back better'

GreenBiz

For the vast majority of countries, recovery spending has been relatively low and not particularly green, according to the report, with any benefits from the greener elements contained in stimulus packages often undermined by concurrent fossil fuel and consumer-focused spending program. billion focused on renewables and $18.5

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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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How limited is the planet's capacity for supplying 'sustainable' biomass and biofuel?

Business Green

The new ETC analysis, released yesterday , sets out how rapidly increasing demand for bioresources from the manufacturing, construction, and energy industries could outstrip environmentally sustainable supplies unless alternative zero carbon options are rapidly scaled up and the use of biomass is carefully prioritised.

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‘Moonshot Moment’: Europe Announces Green Deal

GreenTechMedia

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. Effective carbon pricing and climate compatible taxes are also in the works.

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Meet the startup producing oil to fight climate change

Grist

The friends, all engineers by training, had designed a machine that could turn agricultural waste, like almond shells, into renewable hydrogen fuel. They’d even found a partner, the owner of a fueling station for hydrogen-powered cars, who wanted them to build a pilot plant at his facility.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

In news this week, COP28 wraps up with a landmark agreement on transitioning away from fossil fuels, DOE announces a new office focused on AI, and over 2M Teslas were recalled.  for grid enhancements and $7B for hydrogen fuel hubs. 🏦 The Loans Program Office kept busy.