Fatih Birol, the Executive Director of the International Energy Agency (IEA), has expressed optimism about the world’s chances of staying within the 1.5°C limit of global heating, citing the remarkable growth of renewable energy and green investments in the past two years.
Former New York City Mayor Michael Bloomberg has announced a significant investment of $500 million in his Beyond Carbon campaign, with the aim of shutting down the remaining 150 coal plants in the United States and reducing gas usage by half by 2030. This initiative builds on the success of the campaign, which has already …
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The 2023 annual report from Solar Power Europe delivers a surprising conclusion: the European Union (EU) is on track to achieve its 2030 renewable energy target three years ahead of schedule.
A report by the UC Berkeley Carbon Trading Project has concluded that rainforest conservation projects, particularly those relying on carbon offsetting, are not suitable for effectively protecting critical ecosystems like the Amazon and Congo basin. The research focused on rainforest carbon credits certified by Verra, the world’s leading carbon standard operator, and found significant issues …
Geothermal energy, despite its significant advantages, remains underutilized in the United States and Europe as the world shifts towards clean energy sources. In 2019, the U.S. generated only 0.4% of its power from geothermal sources, while Europe had just 1.5 GW of geothermal electricity capacity out of 209 GW. This underutilization is largely due to …
Hydrogen is increasingly seen as a key element in the global effort to decarbonize energy sources due to its ability to produce zero greenhouse gas emissions when burned. However, the transition to a renewable hydrogen economy faces significant challenges.
The transportation of captured carbon dioxide (CO2) for offshore storage is becoming crucial as the push towards net-zero emissions gains momentum. Rystad Energy research predicts that by 2030, a fleet of 55 carriers will be needed to transport over 90 million tonnes per annum (tpa) of CO2, requiring 48 terminals for gas import and export.
Opna, a London-based startup formerly known as Salt, has secured $6.5 million in seed funding to help bridge the gap between businesses seeking to invest in carbon projects and the projects themselves.
