Emissions from plastics set to more than double by 2060, report warns
Lifecycle greenhouse gas emissions from plastics will more than double by 2060 under a business-as-usual (BAU) scenario, with fossil fuel-based production continuing to dominate, according to a statement by 70 financial institutions calling on petrochemical companies to transition to more sustainable alternatives.
Read MoreEuropean VC investment up 12% so far this year, energy sector dominates
Startups tackling energy transition and climate themes attracted almost 20% of the $29.3 billion in venture capital investment raised so far this year in Europe, up 12% year-on-year.
Read MoreBRIEFING: Pylons, costs, public opinion among the challenges facing UK’s new clean power goal
The new UK government will need to take a sensitive approach to siting new energy infrastructure and keeping costs down as it pursues its goal of zero-carbon power by 2030, which will require better communicating the benefits of the energy transition.
Read MoreINTERVIEW: Biochar producer demonstrates soil carbon increase, scales up production
A biochar producer has demonstrated a 51% increase in soil carbon in field trials with low levels of biochar applied, and expects to open its second production facility in the next month, with sales of biochar removal credits to improve the affordability of biochar for farmers.
Read MoreLabour win set to advance UK’s climate standing on world stage
The UK looks set to slide up the climate action charts following the landslide win for the left-leaning Labour Party in the general election, with manifesto pledges including increases to renewable energy and halting new fossil fuel developments.
Read MoreINTERVIEW: Tactics to avoid EU CBAM likely to include relocation, circumvention
Relocation outside of the bloc and circumvention of the taxonomy are two responses likely to be taken by companies when the true financial impact of the EU’s Carbon Border Adjustment Mechanism (CBAM) starts to kick in later this decade, in addition to securing supplies of low-carbon materials, according to an expert at a global consultancy.
Read MoreINTERVIEW: Momentum for LPG cookstoves fueled by health, emissions impact
Carbon finance can accelerate the adoption of cleaner cooking with LPG in developing countries, with a number of credit-generating projects underway, though infrastructure rollout remains a core challenge, say experts.
Read MoreNo end in sight for EU’s high energy prices under net zero plans -lobby
The EU will continue to endure markedly higher energy prices than the US and China even in a scenario where it meets its climate goals, due to its continued reliance on imports and growing demand, said the bloc’s business lobby.
Read MoreUK urged to speed up transition from oil and gas in the North Sea
As the UK faces declining oil and gas production in the North Sea, transitioning the region to offshore wind, green hydrogen, and carbon capture and storage (CCS) would provide energy security and valuable know-how, though the impact on workers and the environment needs to be carefully managed, experts say.
Read MoreFEATURE: Growth of interconnected electricity grids bolsters energy security
As power demand ramps up and generation becomes more dispersed and variable, electricity grid interconnectors will help to balance supply with demand levels and encourage countries to work together to secure energy supplies.
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