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Climate change

The Women Climate Leaders Network at the EIB Group headquarters in Luxembourg

21/2/2024 News

Women Climate Leaders Network is established

The Women Climate Leaders Network has been launched by the European Investment Bank Group in response to the urgent need to advance the green transition and build climate resilience.

COP

Flooded village in the Philippines

6/12/2023 News

COP28 opens with over $400mn pledged to loss and damage fund

In what was billed as a ‘historic’ announcement at the start of the COP28 climate summit, governments collectively pledged more than $400mn to a loss and damage fund for developing countries that have suffered the effects of climate change. The figure rose to some $660mn within days as more countries pledged funds.

Methane

Silhouette of person stood in front of COP29 sign at conference

20/11/2024 News

EU steps up efforts to abate methane emissions at COP29

The European Commission (EC) has launched a new Methane Abatement Partnership Roadmap to further accelerate the reduction of methane emissions associated with fossil energy production and consumption, in collaboration with a number of partner countries, international organisations, NGOs and development banks.

Energy policy

US President Joe Biden

6/7/2022 News

US Supreme Court limits EPA’s powers to fight climate change

The US Supreme Court has voted to curb the Environmental Protection Agency’s (EPA) abilities to limit carbon emissions from existing power plants, in a ruling that will make it harder for President Joe Biden’s administration to meet its climate targets and could tie the hands of future administrations that want to take action on climate change.

PICTURE OF THE WEEK

Man walking through desolate landscape in computer game

25/9/2024 News

Extreme climate change demonstrated in new game maps

To raise awareness about climate change, a University College London (UCL) researcher teamed up with a mobile game developer to develop two new playable maps to immerse players in some of the predicted worst-case scenarios for climate change by the year 2124.

Fossil fuels

Coal fired power plant in the US from above

18/10/2023 News

Clarion call for US utilities to accelerate clean energy plan

Dozens of US utilities may have pledged to become carbon neutral by 2050. But the Sierra Club claims that its latest research shows that nearly all utilities in the country ‘lack the plans needed to make this a reality by moving toward clean energy in the time frame needed to avoid the worst of the climate crisis’.

Banking, finance and investment

Computer generated graphic of US dollar signs floating in front of numbers

16/10/2024 News

Report highlights disconnection between major international banks’ net zero words and deeds

Despite major international banks setting targets to tackle climate change, the current ambition and scope of their actions ‘remain insufficient to meet climate goals’, according to the Transition Pathway Initiative (TPI) Centre. Its latest analysis finds that 85% of the banks studied remain willing to finance new coal projects; none have pledged to phase out coal financing in alignment with the 1.5°C warming target; and only 8% have committed to ending project financing of new oil and gas fields.

Renewables

View of Earth from space

17/8/2022 News

Ørsted extends 100% renewable electricity target to all suppliers and invites readers to go on a ‘space safari’

Ørsted is extending its 100% renewable electricity target beyond its ‘strategic’ suppliers to all its suppliers by 2025, as it works toward meeting its science-based net zero by 2040 target. The company claims to be the first energy business in the world to make such a call on its supply chain.

Climate change

Flooded village

22/3/2023 News

UN Secretary General calls for net zero target to be brought forward by a decade in response to IPCC report

While multiple feasible and effective options to reduce greenhouse gas (GHG) emissions and adapt to human-caused climate change are available now, the window of opportunity is closing, warns the latest Intergovernmental Panel on Climate Change (IPCC) report.

Climate change

Close up of yellowed, dead crops in dry, cracked earth

8/5/2024 News

Call for action to safeguard critical minerals needed for net zero and to protect essential food crops

More than 70% of the critical minerals regarded as crucial for the net zero energy transition are at risk from climate disruption. While at the same time, heat stress and droughts are putting much of the world’s staple food crops, including 90% of rice production, at ‘significant risk’, according to PwC.

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