Tag: Greenhouse gas emissions

The Price of Carbon Emissions Plunged in 2022, and That’s Not Good

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This chart, which hasn’t been published elsewhere, is disappointing. It shows a steep drop in 2022 in the global weighted average price per metric ton of carbon dioxide emissions: Making it more expensive to put greenhouse gases into the atmosphere is the market-oriented way to keep the planet from overheating. A high price tag on emissions gives emitters the incentive to switch to cleaner energy sources. It also raises the prices of energy-intensive products, encouraging consumers to choose ones that are friendlier to the environment. And so on. From a…

World’s renewable energy capacity grew at record pace in 2023

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Global renewable energy capacity grew by the fastest pace recorded in the last 20 years in 2023, which could put the world within reach of meeting a key climate target by the end of the decade, according to the International Energy Agency (IEA). The world’s renewable energy grew by 50% last year to 510 gigawatts (GW) in 2023, the 22nd year in a row that renewable capacity additions set a new record, according to figures from the IEA. The “spectacular” growth offers a “real chance” of global governments meeting a…

Deforestation effect of UK consumption unsustainable, say MPs

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UK consumption is having an “unsustainable” impact on the world, and contributing particularly highly to deforestation, a report by MPs has found. Products such as soya, cocoa, palm oil, beef and leather may be products of deforestation, and the environmental audit committee has found that the UK’s deforestation footprint per tonne of product consumed is higher than that of other countries including China, calling it “unsustainable”. A deforestation footprint is similar to a carbon footprint. It signifies how much deforestation occurs per tonne of product consumed. Scientists have worked out…

Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars

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In Darbhanga, a new acid-battery rickshaw, like the one Mr. Rai drives, sells for around 175,000 rupees, or $2,100. That’s half the price of a new rickshaw powered by natural gas. Charging the battery costs 20 rupees (25 cents), one-fourth of the price of filling a gas tank. The rebates seem to be working. Reliance Industries, India’s biggest company, is converting its three-wheeled cargo vehicles from gas to electric. Food delivery services are going electric as quickly as possible. Chetan Maini, whose company Sun Mobility builds charging infrastructure, said business…

Visualised: how all of G20 is missing climate goals — but some nations are closer than others

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Not a single G20 country has policies in place that are consistent with the Paris agreement’s goal of limiting global heating to 1.5C and meeting their “fair share” of emissions reduction. The assessment, based on data up to 5 December provided by the Climate Action Tracker, comes as leaders gather in Dubai for the Cop28 conference. It assesses each country against its “fair share” contribution to the effort to reduce greenhouse gas emissions, taking into account considerations such as the historical emissions of higher-income countries, which may increase their responsibility…

EU climate chief: China must help fund rescue of poorer nations hit by disaster

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China and other big developing nations must pay into a fund to rescue poor countries stricken by the climate disaster, the EU’s climate chief has said as world leaders prepare to gather in Dubai for a crucial climate summit. Wopke Hoekstra, EU commissioner for climate action, said there was no longer any reason to exclude big emerging economies with high greenhouse gas emissions such as China and petrostates in the Gulf from the obligation to provide aid to the poorest and most vulnerable countries. “We need so much more money…

‘Breakthrough battery’ from Sweden may cut dependency on China

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Europe’s energy and electric vehicle industries could reduce their dependency on scarce raw materials from China after the launch of a “breakthrough” sodium-ion battery, according to its Swedish developer. Northvolt, Europe’s only large homegrown electric battery maker, has said it has made a lower cost, more sustainable battery designed to store electricity which does not use lithium, nickel, graphite and cobalt. Britain and Europe’s electric battery industry is reliant on raw materials, or completed batteries, sourced from China and other Asian nations. Northvolt said its new battery, which has an…

From China’s emissions to Australia’s offshore windfarms, things are moving on climate – some even in the right direction | Adam Morton

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If you’re searching for some hope on the climate crisis before the Cop28 UN meeting in Dubai this month, try this: China may be changing direction on pollution earlier than expected. Lauri Myllyvirta, a longtime China analyst now with the Centre for Research on Energy and Clean Air, calculated that CO2 emissions from the world’s biggest national polluter are likely to fall next year and could then go into “structural decline”. While the country’s emissions have increased this year – unsurprisingly, given that Beijing lifted zero-Covid controls at the end…

U.S. and China Agree to Displace Fossil Fuels by Ramping Up Renewables

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The United States and China, the world’s two largest climate polluters, have agreed to jointly tackle global warming by ramping up wind, solar and other renewable energy with the goal of displacing fossil fuels, the State Department said Tuesday. The announcement comes as President Biden prepares to meet Wednesday with President Xi Jinping of China for their first face-to-face discussion in a year. The climate agreement could emerge as a bright spot in talks that are likely to focus on sensitive topics including Taiwan, the war in Ukraine and the…

Carbon credits at risk of link to Uyghur forced labour bought by BP and Spotify

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BP and Spotify were among companies who bought carbon credits at risk of being implicated in potential Uyghur forced labour, an investigation has found. The credits were sourced from the Bachu carbon project, which was developed by South Pole, the world’s largest carbon consultancy. The project focussed on a biomass power plant in Xinjiang, China, which said it would lower global carbon emissions by using waste cotton stalks from nearby fields to generate electricity. South Pole, whose chief executive, Renat Heuberger, stood down on Friday, marketed credits for their employment…