Climate change challenges for chemicals sector are increasing
Storms, floods, droughts and heat will disrupt the supply of chemicals as climate change impact grows, according to a report released by Lux Research, which cites hundreds of millions of dollars in damage so far on a global scale. Climate-related hazards are poised to massively disrupt the chemicals industry, on top of the lost earnings […]
Global investment in offshore wind power rises fourfold in first half of 2020
The allocation of funds for renewable energy from January to June outperformed data from most economic reports in the world, which can largely be attributed to offshore wind power. The sum of investment decisions in the subsector jumped 319% to USD 35 billion on an annual basis, topping the result from entire last year. The […]
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 […]
