Denmark’s climate minister, Lars Aagaard, urged the European Union to increase its climate goals to a 90% reduction in greenhouse gas emissions by 2040. This announcement was made on X.com during the #COP28 climate talks in Dubai. Aagaard hopes other EU countries will follow Denmark’s lead, especially since the EU has already committed to a […]
Read More… from Denmark: EU goal must be 90% greenhouse reduction by 2040
China has made a significant stride in eco-friendly energy production and desert environmental management with the launch of its largest desert-based photovoltaic (PV) project in the Kubuqi Desert, Inner Mongolia. This colossal initiative, spanning 6,666 hectares, has been synchronized with the national grid, signifying a dual triumph in providing clean energy and advancing ecological restoration. […]
Read More… from China’s Kubuqi Desert Embraces Eco-Development with Major PV Project
The COP28 president, Sultan Al Jaber, who is also the UAE’s Minister of Industry and Advanced Technology and CEO of the Abu Dhabi National Oil Company (ADNOC), promotes blue ammonia as a low-carbon product. However, experts disagree with this characterisation. Blue ammonia is made by capturing CO2 emissions during the production of blue hydrogen, which […]
Read More… from Blue ammonia not as green as COP28 president suggests
At COP28, Japanese Prime Minister Fumio Kishida committed to reducing Japan’s coal dependency and achieving carbon neutrality by 2050. He announced plans to halt new coal plant construction without emission controls and to increase financial support for developing nations through international lenders. Kishida also pledged to work towards tripling global green power and to contribute […]
Read More… from Japan Commits to Coal Reduction and International Aid at COP28
At the COP28, European nations are pushing to phase out “unabated” fossil fuel use, advocating for carbon capture and storage (CCS) as part of the solution, while countries like Saudi Arabia support CCS as a key discussion point, potentially aiding an industry with only 41 active projects, mostly used for controversial enhanced oil recovery. Investor […]
Read More… from COP28: Growing Focus on Carbon Capture Investments
Verra has announced a groundbreaking forest conservation methodology under its Verified Carbon Standard Program, aiming to enhance emission reduction calculations for forest conservation. This new approach, which is in line with the Paris Agreement, promises to usher in a new wave of global investment in nature protection. The methodology, developed since 2020, addresses REDD activities, […]
The Renewable Energy Association of Austria criticises the financial agreement for climate protection as being marginal, with the main instrument—the Zukunftsfonds—underfunded at 1.1 billion euros, of which only 600 million is climate-related. This budget is allocated for housing renovations, renewable energy expansion, and environmental protection, with an additional 30 million for public transportation. Experts from […]
In the linked interview Michelle You, cofounder of Supercritical, a carbon-accounting firm, emphasizes the critical role of carbon removal in achieving net zero emissions. With current global capacity for carbon removal at a fraction of the required billions of tons per year, You compares the nascent carbon removal industry to the early days of solar […]
Read More… from The Urgent Need to Scale Carbon Removal for Net Zero
Canada is seeking increased investment from Japanese companies in the development of critical minerals for electric vehicle (EV) batteries, following a bilateral agreement aimed at facilitating Japanese automakers’ access to the U.S. market. Ambassador Ian McKay highlighted the significance of the deal signed in September, which is part of a strategy to establish sustainable and […]
Read More… from Canada Urges Japanese Investment in EV Battery Minerals
The first phase of a pioneering system to impose CO2 emissions tariffs on imports like steel and cement, aiming to equalize the cost of pollution between EU industries and foreign producers was initiated on October 1st 2023. Starting 2026, EU importers must buy certificates for the greenhouse gases produced by these goods. The measure seeks […]
Read More… from EU Launches Initial Phase of CO2 Emissions Tariffs on Imports
Dubai-based Blue Carbon has secured a $1.5 billion memorandum of understanding with Zimbabwe to generate carbon credits through forest protection and rehabilitation, covering nearly a fifth of the country’s landmass. This marks Blue Carbon’s fourth African venture in 2023, following similar initiatives in Liberia, Zambia, and Tanzania, totaling rights to develop carbon offset projects across […]
Read More… from Blue Carbon Strikes $1.5 Billion Carbon Credit Deal with Zimbabwe
COP28 refers to the “28th Conference of the Parties to the United Nations Framework Convention on Climate Change” (UNFCCC). It is an annual summit that brings together representatives from the countries that have signed the UNFCCC to negotiate and discuss global climate policy, with the aim of mitigating climate change. COP28 is scheduled to take […]