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Breaking: US, other G7 countries to phase out coal by early 2030s

Baua Electric

In a historic agreement, the G7 just agreed to phase out coal in the first half of the 2030s, according to statements made today. The G7 – Canada, France, Germany, Italy, Japan, the UK, and the US, plus the EU – are meeting in Turin, Italy. The problem is that whilst coal power has already been falling, gas power has not.

Coal 52
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Global CO2 emissions stalled for the third year in a row

Green Car Congress

The annual assessment of global greenhouse gas (GHG) emissions by the JRC and the Netherlands Environmental Assessment Agency (PBL) confirms that CO 2 emissions have stalled for the third year in a row. Emissions from international transport (aviation and shipping) contribute another 3% to the total global GHG emissions.

Emissions 150
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). billion raised—up 63% on the previous year.

Financing 243
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Study finds global CO2 emissions back on the rise in 2010

Green Car Congress

Global carbon dioxide emissions show no sign of abating and may reach record levels in 2010, according to a study led by the University of Exeter (UK). The study, which also involved the University of East Anglia (UK) and other global institutions, is part of the annual carbon budget update by the Global Carbon Project.

2010 210
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Steelmaker ArcelorMittal Europe targets 30% cut in carbon emissions by 30% by 2030

Green Car Congress

Key to the success of the roadmap, and ArcelorMittal Europe’s ambition to be carbon neutral by 2050, will be supportive policy to ensure a global level playing field. An industrial pilot of this technology is being developed at ArcelorMittal Dunkirk in France.

Carbon 195
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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Natural gas does produce about 28% less CO2 emissions than heating oil and 50% less than coal for the same amount of energy when burned.

Oil 418
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts. Waste is a global problem, clogging waterways, contaminating oceans, packing landfills and polluting skies.

Waste 448