Climate-focused guarantee company aims to unlock billions in green finance
A climate finance company launched this week aims to unlock billions for developing countries by providing guarantees for institutional investors buying green bonds on the London Stock Exchange.
Read MoreEuropean fossil fuel electricity generation falls to record low in 2023 -report
Renewable sources are increasingly forming the backbone of the EU power mix, with the region’s fossil fuel electricity generation falling to record-low levels last year, according to a report published on Wednesday.
Read MoreAccess to capital hampering UK’s corporate decarbonisation efforts -report
Energy security and regulation are the main drivers of efforts by UK companies to decarbonise, but one of the main barriers is access to capital investment, according to research published on Tuesday.
Read MoreVattenfall reports drop in ETS-covered fossil generation in 2023
Swedish state-owned utility Vattenfall reported a significant drop in generation from ETS-covered fossil power in 2023 in annual results on Tuesday, as well as a fall in profit due to sliding electricity prices during what it described as a “turbulent” year.
Read MoreChevron, ExxonMobil report drop in income as output increases
US oil majors Chevron and ExxonMobil reported their full-year earnings on Friday, with both posting a drop in income as oil prices fell, after a year in which the companies’ commitments to cut emissions were juxtaposed with record domestic production levels.
Read MoreMore than 65 countries sign up to global cooling pledge launched last month
More than 65 countries are now signed up to the Global Cooling Pledge that launched at COP28 last month, but more research is needed to turbo-charge the delivery of cooling plans, advisors to the UK government, one of the initial signatories of the pledge, said on Wednesday.
Read MoreDecarbonising industry technically possible but other barriers need addressing too -report
Harmful industrial emissions could be reduced by up to 85% across the world with a mix of tried-and-tested technologies and upcoming tech, according a report published on Wednesday, findings from which have been submitted to a UK government consultation.
Read MoreEuropean demand driving $1 trillion investment in gas production over next decade -report
The fossil fuel industry is forecast to spend more than $1 trillion globally over the next decade on producing gas for European markets, including investing in new extraction, despite warnings from climate scientists and policy advisers, according to a report published on Monday.
Read MoreUK MPs warned that carbon credit reporting lacks transparency
It is difficult to ensure that carbon credits truly represent carbon reduction or removal – and while they can bring societal and environmental benefits, some projects can harm the environment and indigenous communities, according to a briefing on carbon crediting for UK parliament members.
Read MoreLow-emissions sources set to make up almost half of electricity generation by 2026 -IEA
Low-emissions sources – including solar, wind, hydro, and nuclear power – are on track to make up almost half of global electricity generation by 2026 and appear to be pushing the power sector’s emissions into structural decline, the International Energy Agency (IEA) said on Wednesday.
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