If G7 countries are serious about stabilizing the market, they need to stop protecting profits and start taxing companies which fuel the climate crisis. Working people shouldn't be paying the price while oil majors treat the war in the Middle East like a winning lottery ticket.
While the plan confirms continued expansion of renewable energy and a carbon-intensity reduction target of 17%, notably lower than the previous carbon intensity target. The plan stops short of outlining the structural changes needed to put China firmly on a path toward declining emissions this decade, referring to peak instead of previous language to phase down coal.
The new war on Iran and the closure of the Strait of Hormuz lay bare the horrendous costs of a world chained to fossil fuels. When global energy security can be upended by a single flashpoint, it shows how unstable and risky our dependence on oil and gas is.
US Environmental and Protection Agency (EPA) under Trump's administration will repeal on Thursday the “endangerment finding,” a scientific conclusion that greenhouse gases are dangerous to public health and welfare.
The Chinese coal expansion is unnecessary, increases the risk of stranded assets, and stands in stark contradiction to the country’s own clean-energy success.
The agreement involves building windfarms that connect directly to multiple nations through high-voltage subsea cables, is set to be signed today in Hamburg by energy ministers from the UK, Belgium, Denmark, France, Germany, Iceland, Ireland, Luxembourg, the Netherlands and Norway.
