Heat pumps twice as efficient as fossil fuel heating – study
A new study has found that heat pumps are twice as efficient as fossil fuel heating, even at lower temperatures
G20 supports energy transition acceleration, yet clear pathway is missing
G20 did not set the pathway agreement to mitigate the climate crisis, though it did say renewable energy capacities must be tripled by 2030
IRENA: Vast majority of new renewables in 2022 have lower costs than fossil fuel–fired electricity
Without renewables, the economic disruption from last year's fossil fuel price shock would have been much worse, according to a new report
China, EU hope to make renewables tech recyclable in next decade
Wind turbines are 85%-95% recyclable, but blades are challenging because they are made of composite materials
Grants approved for world’s largest carbon removal projects
The US gave a green light for up to USD 1.2 billion in grants for two carbon DAC and storage hubs planned in Louisiana and Texas
Masdar lists its first green bond on London Stock Exchange
Masdar entered the green bond market with a sale worth USD 750 million and listed the securities on the London Stock Exchange
Energy Vault completes world’s first gravity energy storage system in China
Energy Vault is commissioning the world’s first grid-scale gravity energy storage system. It is adjacent to a wind power plant near Shanghai.
Earth Overshoot Day 2023 – humanity’s biocapacity consumption turns unsustainable
Earth Overshoot Day for 2023 falls on August 2. It is when humanity's consumption of natural resources and services turns unsustainable for the rest of the year.