European Investment Bank to Phase Out Fossil Fuel Financing

The European Investment Bank has agreed to phase out its multibillion-euro financing for fossil fuels within the next two years to become the world’s first ‘“climate bank”. The bank will end its financing of oil, gas, and coal projects after 2021, a policy that will make the EU’s lending arm …

Methane Emissions from Coalmines Could Stoke Climate Crisis – Study

The methane emissions leaking from the world’s coalmines could be stoking the global climate crisis at the same rate as the shipping and aviation industries combined. Coalmines are belching millions of tonnes of methane into the atmosphere unchecked, because policymakers have overlooked the rising climate threat, according to new research. …

World Energy Outlook 2019 Highlights Deep Disparities in the Global Energy System

Deep disparities define today’s energy world. The dissonance between well-supplied oil markets and growing geopolitical tensions and uncertainties. The gap between the ever-higher amounts of greenhouse gas emissions being produced and the insufficiency of stated policies to curb those emissions in line with international climate targets. The gap between the …

Sea Levels Set to Keep Rising for Centuries Even If Emissions Targets Met

Sea level rise is set to challenge human civilization for centuries to come, even if internationally agreed climate goals are met and planet-warming emissions are then immediately eliminated, researchers have found. The lag time between rising global temperatures and the knock-on impact of coastal inundation means that the world will …

Campaigners Try Again to Stop Norway Drilling for Oil in Arctic

Climate campaigners are taking Norway’s government back to court to oppose its plans to open the Arctic for oil drilling despite a public commitment to tackle the environmental crisis. Greenpeace Nordic and Norway’s Nature and Youth organisation will appeal on Tuesday against the government’s decision to allow oil exploration in …

Offshore Windfarms ‘Can Provide More Electricity Than the World Needs’

Erecting wind turbines on the world’s best offshore sites could provide more than enough clean energy to meet global electricity demand, according to a report. A detailed study of the world’s coastlines has found that offshore windfarms alone could provide more electricity than the world needs – even if they …

Asia Poised to Become Dominant Market for Wind Energy

Asia could grow its share of installed capacity for onshore wind from 230 Gigawatt (GW) in 2018 to over 2600 GW by 2050, a new report by the International Renewable Energy Agency (IRENA) finds. By that time, the region would become a global leader in wind, accounting for more than …