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World coal consumption reached a new high in 2022 before levelling out in 2023 and 2024, with rising usage in emerging Asian countries cancelling out falling demand in advanced economies.
Plastic waste has become a key issue in the fight against climate change. As experts and activists debate the merits of recycling versus reducing plastics overall, petrochemical companies should speed up their plans to recycle plastic waste.
The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.
On the eve of the three-day US-Africa Leaders Summit in Washington, DC that kicked off in Washington, DC on December 13, the White House pledged $55bn for the continent over the next ...
Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said
Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
The polycrisis has eased off and the US Fed signalled that it will slow rate hikes as inflation appears to be peaking. That is good news for EM markets and investors have been buying high yielding debt as default fears abate.
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.
African nations are lobbying to be allowed to use their natural gas reserves to lift up to 600mn people out of energy poverty and to connect them to modern electricity supplies.
The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.
The number of people without access to electricity is rising for the first time in decades, says IEA, thanks to the energy crisis.
The investments of the world’s 125 wealthiest people produce the same amount of CO2 as the whole of France, while each of them emits a million times more greenhouse gases than the average person.
Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.
Kazakhstan is itching to get its lithium out of the ground.
Several members of the East African Legislative Assembly (EALA) spoke up in favour of the EACOP pipeline earlier this week, arguing that the EU had no standing to call for suspension of the project.
COP26 has not delivered so far on the promises made in Glasgow in November 2021, with companies failing to move towards zero emissions pledges and the world as a whole not meeting the targets and aspirations laid down.
Human activity has caused irrevocable damage to the climate, causing hundreds of billions of dollars of economic damage and threatening water and food supplies to millions of people.
Total global coal power capacity under development declined by 13% in 2021 to 457 GW, a record low, with the number of countries building coal plants falling from 41 in 2020 to 34 in 2021.