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 …

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 …

Spain Offers to Host UN Climate Conference After Chile Cancellation

Spain has offered to host the COP25 UN climate conference in December after weeks of violent protests forced the Chilean government to cancel both the global environmental meeting and next month’s Apec trade summit. On Thursday afternoon, the Spanish government said the acting prime minister, Pedro Sánchez, had offered to …

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 …

Renewable Energy to Expand by 50% in Next Five Years – Report

Global supplies of renewable electricity are growing faster than expected and could expand by 50% in the next five years, powered by a resurgence in solar energy. The International Energy Agency (IEA) found that solar, wind and hydropower projects are rolling out at their fastest rate in four years. Its …

41 European Mayors Declare Support for a Just Transition from Coal

A group of 41 mayors from 10 coal regions in 9 European countries are launching a statement supporting a just transition to the post-coal era. Two of the mayors – from the Czech Republic and Germany – presented this statement to the EU Commission’s Deputy Director-General for Energy, Klaus-Dieter Borchardt …

Eden Project to Begin Drilling for Clean Geothermal Energy

A plan to heat the giant biomes of the Eden Project and, eventually, neighbouring communities by tapping into the “hot rocks” beneath the Cornish attraction has moved a step closer. The Eden Project announced on Monday that it had secured the funding to begin drilling for clean energy next summer. …