UK govt criticised for not checking sustainability of subsidised biomass
The UK government is failing to show how it ensures that biomass power and heat generators adhere to sustainability requirements after receiving a total of more than £22 billion of support over 21 years, the National Audit Office (NAO) said on Wednesday.
Read MoreEU’s post-2030 climate action must cut across all policy areas -report
The EU needs to mainstream climate action across its policy landscape post-2030 in order to reach net zero emissions by 2050, with strengthened efforts to electrify industry, support low-income and rural households, and raise public funding, according to a report released on Wednesday.
Read MoreDavos 2024: EU needs to clear the way for Green Deal investments
The European Union needs to remove barriers to investments in clean technologies to ensure that the Green Deal paves the way to new, sustainable economic growth, speakers said in Davos on Thursday.
Read MoreDavos 2024: CEOs won’t change course on clean energy regardless of the US president -Kerry
COP28 created a “paradigm shift” for the global economy, setting in motion a low-carbon transition that will continue regardless of who wins the US elections this year, outgoing US climate envoy John Kerry said in Davos on Tuesday.
Read MoreDavos 2024: Over 300 organisations commit to disclosing nature risks under TNFD
A cohort of 320 organisations with $4 trillion in market capitalisation have committed to begin adopting recommendations on nature-related financial disclosures within the next two years, in a sign of growing efforts to understand the financial risks posed by biodiversity loss.
Read MoreAI can help capture more CO2 with less energy, research suggests
Applying artificial intelligence (AI) at a coal-fired power station could help capture 17% more carbon dioxide while reducing energy use by 36%, according to research published Monday.
Read MoreRussia’s Sibur says it has built nation’s largest carbon credit portfolio
Russian petrochemical company Sibur has added three climate projects to the Russian Registry of Carbon Units, giving it the largest portfolio of projects to reduce emissions among the country’s businesses.
Read MoreItaly weighs up special administration to save major steel mill
Italy is considering placing one of the EU’s biggest emitting plants – the steel installation formerly known as Ilva – under special administration in order revive operations and boost production.
Read MoreClimate change and nature loss seen as top global risks in the long term
The impacts of climate change and nature loss dominate the top risks over the next decade for experts across the private and public sectors, as the world approaches climate tipping points that could trigger further socio-environmental crises, according to the World Economic Forum (WEF).
Read MoreAbu Dhabi’s ADNOC invests in UK-based carbon capture developer
Abu Dhabi’s ADNOC has entered the international carbon capture and storage sector, acquiring a 10.1% equity stake in UK-based developer Storegga, the state-owned oil company announced on Monday.
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