Global warming limit of 1.5 degrees Celsius could be breached within five years – WMO
The United Kingdom’s Met Office leads the Global Annual to Decadal Climate Update, which is published every year for the next five years. The World Meteorological Organization (WMO) warned of the challenge to achieve goals from the Paris Agreement as there is a 20% chance the global warming limit of 1.5 degrees Celsius, set for […]
RWE boosts renewables portfolio to 9 GW after asset swap with E.ON
The major asset swap between RWE and E.ON is finally completed, as RWE took over innogy’s operations and becomes one of the world’s largest producers of renewable energy. The German company now has a renewables portfolio of 9 GW while 2.6 GW is under construction. According to most estimates, RWE is now the second-largest offshore […]
Plastic Free July – there are alternatives to single use packaging
The world is marking Plastic Bag Free Day on July 3 alongside Plastic Free July awareness campaign which teaches us that in parallel with global efforts, each individual should learn to make small changes and choose to refuse single plastics we use every day. At the same time, it teaches us that despite current challenges […]
Amazon earmarks USD 2 billion in venture capital for Climate Pledge Fund
Jeff Bezos’s online retail empire is accelerating its efforts toward carbon neutrality. Amazon decided to invest USD 2 billion in visionary projects in the first phase of its Climate Pledge Fund. Amazon has released its annual report on sustainability and said it is setting aside USD 2 billion for the initial investment in its Climate […]
Join EBRD webinar to rethink district energy systems in COVID-19 age
European Bank for Reconstruction and Development (EBRD) is organizing a live session titled “Resilient, low carbon district energy in the age of COVID-19” on June 30. Following the success of the EBRD’s conference on district heating and cooling systems organized in Belgrade last December and the publication of the paper COVID-19: Challenges and opportunities in […]
Goldman Sachs sees renewables investment beating oil & gas for first time ever in 2021
Renewable energy investment in 2021 is expected to surpass oil and gas for the first time in history, according to a report recently published by the US-based investment bank and financial services company Goldman Sachs. Next year, renewable energy will become the largest area of spending in the energy industry, accounting for about 25% of […]
Global Wind Day: Sweden’s Vattenfall to build world’s biggest offshore wind farm
Swedish state-owned multinational power company Vattenfall has made the final investment decision on building the world’s biggest offshore wind farm, Hollandse Kust Zuid, with a capacity of 1.5 GW. The announcement comes ahead of Global Wind Day, June 15. Vattenfall said that the future wind farm, located in the Dutch North Sea, is targeted for […]
Climate targets warrant closure of all gas, coal power plants soon, study shows
If solutions to turn emissions negative aren’t scaled up substantially in the mid-term to cap global warming, there is little choice but to decommission facilities for the production of electricity from fossil fuels at roughly half of their lifespans. International climate treaties and goals imply gas and coal power plants must be decommissioned 10 to […]
