We Need a Total Fossil Fuel Lockdown for a Climate Revolution

Growth in renewable power has been impressive over the past five years. But too little is happening in heating, cooling and transport. Overall, global hunger for energy keeps increasing and eats up progress, according to REN21’s Renewables 2020 Global Status Report (GSR), released recently. The journey towards climate disaster continues, …

Financing the Global Energy Transformation: Green Bonds

Despite the positive renewable energy investment trends over the past decade, annual investments in renewable energy power alone need to double until 2050 to meet climate goals. To allocate enough capital to drive the world’s transition to a low-carbon economy, a set of financial solutions need to be developed and …

A Deep Demonstration of a Circular, Regenerative and Low-Carbon Economy in Slovenia

The Slovenian parliament passed a motion to adopt an EIT Climate-KIC-led proposal called “A Deep Demonstration of a Circular, Regenerative and Low-Carbon Economy in Slovenia” last November. The initiative is one of eight Deep Demonstrations launched by EIT Climate-KIC, which together offer a test bed environment for the ambitious, “1.5-consistent …

UK to Put Climate Crisis and Environment at the Heart of Overseas Aid

The UK will have an “ethical” development policy that puts the climate emergency and environmental protection at the heart of overseas aid, with more than £190m to be spent directly on climate-related issues in the first initiative, the government has announced. Rory Stewart, the international development secretary, said he hoped …

HP Aims to Power Global Operations with 100% Renewables by 2035

HP has set a target to ensure its global operations are powered with 100% renewable electricity by 2035. It is part of the printing and personal systems manufacturer’s latest commitments to drive a circular and low carbon economy. HP had already aimed to go 100% renewables previously when it joined …

Cobalt Production ‘Must Nearly Double to Enable Required EV Growth’

Cobalt production needs to nearly double to make and charge enough electric vehicles (EVs) for the UK to meet its 2050 climate targets. That’s according to a letter co-authored by the Natural History Museum’s Head of Earth Sciences, Professor Richard Herrington, which has been delivered to the Committee on Climate …

UK Offshore Oil and Gas Production up by a Fifth over past Five Years

UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline. That’s according to a new report from Oil and Gas UK (OGUK), which suggests momentum is again building around exploration activity, with up to 15 exploration wells expected in …