World’s largest companies promise much more climate action than they deliver
Large global companies emphasize intentions to reduce carbon emissions to net zero, but according to the results of the latest analysis, they are going to reduce them by only 40% on average, against their pledges for 100%
McKinsey – Decarbonizing economy requires over USD 9 trillion per year
Achieving the goal of net-zero emissions by 2050 implies global investments of USD 9.2 trillion a year, 3.5 trillion more than today
Green for Growth Fund to provide Tier II capital to Egyptian banks
The Green for Growth Fund has been granted approval from the Central Bank of Egypt to provide Tier II capital to banks in the country
Global chemical and plastic pollution out of control – safe planetary boundary exceeded
Chemical production has increased 50-fold since 1950, and projections show output may triple by 2050
BlackRock CEO`s message for 2022: We focus on sustainability not because we are environmentalists, but because we are capitalists
Larry Fink said in his annual letter that BlackRock would continue to encourage companies to react to climate change because it has financial significance
Expansion of green hydrogen changing geopolitical relations – IRENA
Green hydrogen could cover up to 12 percent of global energy consumption in 2050, according to a report by the International Renewable Energy Agency (IRENA). It would significantly affect geopolitical and geoeconomic shifts and create new global relations in energy trade. The hydrogen economy hints at new global power dynamics, IRENA points out. With incentives […]
IEA: Rising demand for electricity could result in high prices over next three years
Average wholesale electricity prices in Europe in the fourth quarter of 2021 were more than four times as high as their 2015-2020 average
Carbon capture projects failing but still to play role in energy transition
The carbon capture technology is still experimental, but it may have a shot with a proper funding scheme and a functional market
