Non-fossil fuels forecast to be 50% of China’s power capacity in 2022

Non-fossil fuel energy sources such as wind, nuclear, solar and hydropower may make up half of China’s total power generation capacity by the end of 2022, for the first time ever. China Electricity Council (CEC) has forecast that for the first time ever the country’s non-fossil energy sources make up half of China’s total power

Switzerland – Banks risk becoming new fossil fuel villains in 2022

Major banks, like UBS, are coming under increasing pressure to clean up their investments. As businesses were gearing up for the COP26 climate summit in Glasgow last year, one of Europe’s larger banks released an update on how it planned to do its bit to combat global warming. Switzerland’s UBS group said it had become

Living and growing with energy: what are the alternatives?

If there is a consensus on this earth, it is that life is worth living. Far from being perfect, which would be very boring, the conditions of this life must be constantly improved, this is called aspiring to progress. As we realise the limits to the burden that human activity can place on the environment,

Senate Finance OKs mining mutual fund, bank fossil fuel boycott bills

Senate Finance sent President Craig Blair’s mining mutual insurance company bill to the Senate floor, along with the bill dealing with bank boycotts of fossil fuel companies. SB 1 is the mining mutual bill. It explains that the state funds reclamation at abandoned mines through a combination of bond proceeds and money from the Special

Exxon pledges to cut emissions – but not from its oil

Oil giant Exxon Mobil announced that it aims to achieve net-zero greenhouse gas emissions by 2050. More specifically, it has the “ambition” to reach net-zero emission from its operations within the next 28 years. “We’ve got a line of sight,” Exxon’s chief executive, Darren Woods, said in an interview with the New York Times. “By

Why it matters to go beyond net-zero plan

’Net-zero’ pledges have been made globally over the past few years, committing organisations to manage greenhouse gases emissions. In 2021, more firms and governments committed themselves to becoming net-zero before 2050 with the aim of fighting climate change. Net-zero targets are a critical tool to fight climate change and stakeholders are pushing companies to make

Drop fossil fuel clients, over 450 scientists urge ad agencies

More than 450 scientists from across the world but mostly from the US, have together called on the executives of major advertising and public relations firms to drop their fossil fuel clients to help stop spread of disinformation around climate change. Stating that climate actions are hugely and negatively impacted by such publicity, the scientists,

‘A lot of climate tech start-ups will fail’ : Bill Gates

Bill Gates is excited about how many new climate tech start-ups have popped up in recent years. He also thinks that plenty of them won’t last. “The number of companies working on these things is very exciting,” Gates said in a virtual session of the World Economic Forum. “Some of them will fail. A lot

Report outlines policy measures to make zero-emission shipping commercially viable

A new report launched by the Getting to Zero Coalition on 18 January has outlined policy measures that could help ‘close the competitiveness gap between fossil fuels and zero-emission alternatives in shipping as well as enable an equitable transition’. Entitled Closing the Gap, the report has been prepared for the Coalition by UMAS. Explaining the

Power sector emissions reached record high in 2021

The early 2022 edition of the Agency’s bi-annual Electricity Market Report has just been published, revealing how nations are largely turning to fossil fuels to meet the increase in electricity demand as Covid-19 lockdown restrictions are lifting. According to the report, the global electricity demand rose 6 per cent year-on-year in 2021 – the steepest