China’s oil demand is forecasted to peak at 770 million tonnes in 2025 before declining to 240 million tonnes by 2060, driven by shifts in transportation and energy consumption habits.
China’s oil demand could peak in 2025
COP29: Stalemate broken as Azerbaijan hails historic agreement, but some countries label it as worst COP ever
COP29 in Azerbaijan faced criticism but ultimately reached a historic agreement amid low ambition levels. Developed nations committed to a $300 billion loss and damage fund, falling short of developing countries’ demands.
Opinion: We need radical action on climate finance at COP29
The New Collective Quantified Goal needs a human rights-based approach to loss and damage – and we need to talk about the military, writes Maria Syed.
Fund built on the wealth of fossil fuels is targeting large renewable energy investments
Norway’s Sovereign Wealth Fund, valued at $1.71 trillion, plans large investments in renewable energy. It commits $1.01 billion to Copenhagen Infrastructure Partners for offshore and onshore wind, solar, and grid projects. Despite this, Norway’s oil and gas industry has not pledged to scale back extractions, drawing criticism.
Conservative Party received 40 percent of its donations from fossil fuel interests in the first week of the campaign
Rishi Sunak’s Tories accepted hundreds of thousands from major donors with financial ties to the oil and gas industry.
A record amount of capital raised from carbon pricing schemes
Global carbon pricing schemes raised a record $104 billion in 2023, but prices remain too low to meet Paris Agreement goals.
China’s carbon price tops RMB 100
By Jiang Mengnan China’s carbon price has topped RMB 100 (USD 13.80) for the first time. In July 2021, during the first month of the national carbon market, the price averaged about […]
Eco-friendly and cost-effective: Harnessing energy audits for business success
Energy audits are vital for businesses aiming for sustainability, cost reduction, and environmental stewardship. Registered auditors offer expertise, cost savings, and compliance.
Europe’s largest banks are speeding up the climate and biodiversity crisis – Greenpeace
A coalition of green groups, including Greenpeace, found that European banks have invested €256 billion in climate and nature-destructive projects since 2015. European Union’s role is deemed hypocritical. Urgent action is required to halt ecosystem destruction.
Despite global uncertainty, 2023 was a record year for wind power in Europe
In 2023, European wind power investments soared to €30 billion, installing 16.2 GW capacity, advancing towards EU clean energy targets.
A greener life, a greener world 