China’s thermal power output rises in May, wind momentum stalls
Power generated by China’s thermal power plants in May expanded 2.1% from a year ago, while momentum in the wind power sector slowed amid unfavourable wind conditions, according to government data released Tuesday.
Read MoreElectric car sales surge in Europe as drivers try to sidestep soaring oil prices
Sales of battery-electric vehicles (BEVs) are rising fast in Europe as drivers seek to benefit from increasingly affordable models, the chance to save on fuel use, and favourable climate policies, according to the European Commission.
Read More‘Reward funds’ could be used to meet foreign credit share of EU’s 2040 climate target -report
The EU could use performance-based reward funds for developing and emerging economies to cover the international component of its 2040 climate target at a cost of around €5 billion in 2040, according to a new policy paper.
Read MoreMiddle East conflict gives Southeast Asia energy a wake-up call, says IEA
Southeast Asia’s energy system has been exposed as structurally vulnerable due to its reliance on imported fuels, a study said, as the Middle East conflict drives up costs and forces governments to put energy security at the centre of future policy.
Read MoreSB64: Santa Marta can help overcome fossil fuel transition “deadlock”, Colombian official says
The landmark Santa Marta process on transitioning away from fossil fuels can help overcome the “deadlock” in UNFCCC talks, a Colombian official said during mid-year talks in Bonn on Monday.
Read MoreCampaigners warn against gas push ahead of EU summit
Europe risks undermining its energy security by pressing ahead with a wave of new gas-fired power plants in Germany, Poland, and Romania that could add 28 billion cubic metres (bcm) to annual gas demand and lock the EU into decades of fossil fuel dependence, a new analysis has warned.
Read MoreFEATURE: New SBTi corporate climate standard sets meaningful internal carbon pricing goalposts, say experts
The introduction of specific price anchors for companies choosing to set an internal carbon price under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, will help to ‘avoid race-to-the-bottom dynamics’ and provide viable financial support to many carbon projects, according to experts.
Read MoreUK may water down EV target, leaving question marks hanging over carbon budget
The UK may be poised to water down its target for scaling electric vehicles (EVs), with the government now discussing with industry on the plans, according to British media reports, in a move that could undermine its longer term carbon commitments.
Read MoreG7 could still address fossil fuel reliance despite absence of climate on agenda, advocates say
Hopes that G7 countries will help to spur a shift from fossil fuels are dimmer this year, with the term ‘climate change’ omitted from the agenda – but campaigners are still hoping to see advancements through the prism of ‘energy security’.
Read MoreGermany set to miss long-term climate targets under current policies -report
Germany is set to miss its 2030, 2040, and 2045 climate targets under current policies, according to a government-commissioned projection report released last week.
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