The world is on course for 2.8 to 3 degrees Celsius of warming as existing infrastructure weighs heavy and COVID-19 slows progress. The world is on course to sail past the recognized “safe” level of 2 degrees Celsius of warming to as much as 3 degrees Celsius, according to the latest Wood Mackenzie Energy Transition […]
EU’s New 2030 Climate Target Signals Accelerated Renewable Deployment
An increase from 40 percent to 55 percent emissions reduction by 2030 puts the renewables sector on notice for a ramp-up in demand. The EU will increase its 2030 emission reduction target to “at least 55 percent” up from 40 percent, Ursula von der Leyen, president of the European Commission, confirmed Wednesday. The change will […]
Shell’s Carbon Offset Business Makes Its First Acquisition
Shell will acquire Australia’s Select Carbon, a “carbon farming” specialist, as the oil giant begins shaping a crucial pillar of its net-zero plans. Shell’s new Nature-Based Solutions business has made its first acquisition, with the Anglo-Dutch oil major announcing Monday that it will buy Australia’s Select Carbon. Shell has a net-zero ambition for 2050 […]
Spanish Oil Major Repsol to Build 860MW of Wind Farms at Home
Repsol was the first oil major to set a net-zero target, and now it’s leading an Iberian renewables charge. Spanish oil major Repsol will build and operate 860 megawatts spanning 26 new wind farms in its home country, nearly doubling its pipeline of renewables projects in development. Repsol was the first among its oil and […]
Moonshot Moment: Europe Announces Green Deal
Among the European Commission’s plans is a carbon border, ensuring companies cannot evade carbon taxes by outsourcing their emissions. New European Commission President Ursula von der Leyen unveiled Europe’s Green Deal on Wednesday, a package of 50 far-reaching policy ideas that are still missing many key details, calling it a “man on the moon moment” […]
Battery safety: UK net zero success could depend on 20 million ‘mini power stations’
The UK will need 20 million ‘mini power stations’ to reach its net zero energy goals, with the need to create a policy framework for technologies like solar PV and energy storage an immediate priority, a group convened in Britain’s parliament this week heard. While other rooms at Portcullis House, Westminster, were given over to […]
