This overview sets the scene for the various modules in the Renewables 2024 Global Status Report Collection. It provides high-level trends on the status of renewables in the wider fossil fuel-dominated energy system in the context of global challenges such as climate change, development goals and the geopolitical landscape. Urgent …
The RBS Group's success in securing 61% of its global energy needs from renewable sources, while also leading the way in UK loan provision for renewable projects, has earned the bank top ranking in a leading global index. According to the 2012 Bloomberg Corporate Renewable Energy Index (CREX), RBS is …
The first phase of the Kyoto Protocol's (KP) emissions offset market is drawing to a close with just over 13 billion giga tons (Gt) of surplus of emissions offset credits, more than a thousand times greater than anticipated demand of 11.5 million mega tons (Mt). The balance of supply and …
A new US fuel efficiency standard finalised by the Obama administration last month will jolt America's nascent electric car industry to life, but could leave European auto manufacturers racing to catch up, analysts and industry sources say. From 2025, American cars and light trucks will have to achieve a standard …
French President Francois Hollande on Friday called for deeper cuts in European Union carbon dioxide emissions as he sought to put the environment back at the top of the international agenda. Hollande recommended a 40 percent cut in carbon dioxide (CO2) emissions by 2030 and a 60 percent reduction by …
California's carbon market could be 29 percent short of offset credits in its 2013-2014 pilot phase if regulators do not expand their list of allowable project types, making it more expensive for companies to achieve their required emissions cuts, a new report said. By the upcoming cap-and-trade system's third phase, …
One of the most important European space launches of the year takes place from Baikonur, Kazakhstan, later. A Soyuz rocket will put the four-tonne Metop-B satellite in orbit to acquire critical data for weather forecasters. The spacecraft will ensure there is continuity of observations following on from Metop-A, which was …
The Montreal Protocol (MP) is the only climate change treaty that has been ratified by every country in the globe and is testament to the fact that nations can achieve complete unanimity in fighting climate change. In a function held to celebrate 25 years of MP organised by the ministry …
Pilot Project To Be Taken Up In Cambay Surat: After wind and solar power, Gujarat is all set to tap another unconventional source of energy. The state government is planning to explore the feasibility of geothermal energy “We are meeting a delegation from Norwegian government to make a beginning of …
A global attempt to arrest climate change by providing firms with incentives to invest in green technology is being manipulated in India for profit. Instead of reducing carbon emissions, the Clean Development Mechanism, or CDM, has helped firms, mostly private corporations, raise huge sums virtually out of thin air. Worse, …
CHARLOTTE, NORTH CAROLINA: US President Barack Obama said "climate change is not a hoax" on Thursday and recommitted himself to reining in carbon pollution in a rebuttal of taunts from his Republican rival. Last week at the Republican convention in Tampa, Florida, White House hopeful Mitt Romney poked fun at …
Major banks are weighing whether to wade into the California carbon market, which experts believe could grow into a $40 billion a year market by 2020, but one that is also loaded with risk and uncertainty. Following last week's successful test of the state's auction platform, the reality is starting …
The annual Asia-Pacific Economic Cooperation Leaders' Meeting this weekend in the Far Eastern Russian city of Vladivostok has put drawing up a list of environmentally friendly goods on its agenda. Ministers from 21 Asia-Pacific Economic Cooperation member economies on Thursday agreed to present a 54-item list of goods for tariff …
Climate scientists are getting their fair share of surprises this year, from the record-breaking ice melt in the Arctic to the fact that first-quarter U.S. carbon dioxide (CO2) emissions have hit their lowest point since 1992. CO2 emissions from energy consumption for the January-March period fell to 1.34 billion metric …
MUMBAI: Bumper-to-bumper traffic in Mumbai is not only pushing up citizens' frustration levels, it is also increasing vehicular emissions on key routes in the city by 33% to 75% during peak traffic hours. A study prepared by the National Environmental Engineering Research Institute (NEERI) which will be released on Thursday …
Canada's government finalized much-anticipated regulations on Wednesday for phasing out the country's old coal-fired power plants in a move critics condemned as a watering down of earlier proposals to cut carbon emissions. Under rules to take effect on July 1, 2015, generating units commissioned before 1975 will reach the end …
A link between European Union and Australian cap and trade schemes could inject new life into emissions trading as long as regulators take into account risks such as the impact of market intervention in one region on energy prices in the other. The European Union's executive Commission and Australian government …
India can cut agricultural emissions and subsidies by creating a market for farm offsets India has committed to a non-binding target to cut its emission intensity by 20-25% (from 2005 levels) by 2020. This does not include agriculture. To meet this target and to adapt to climate change without sacrificing …
The European Union may propose linking the supply of carbon permits with economic performance as a long-term option for the world’s biggest emissions market, a person with knowledge of the matter said. The European Commission, the EU’s regulatory arm, may propose introducing a so-called adjustment mechanism to react to macroeconomic …
Australia's top polluters, from steel firms and coal miners to airlines, will save about A$2.5 billion over 5 years after a decision to align the nation's carbon scheme with Europe's, a leading analyst firm said on Tuesday. Carbon analysts RepuTex also said in a report polluters did not need to …
The Climate Action Tracker has updated our analysis on national greenhouse gas emission reduction proposals for 2020 under the international climate negotiations. We find that governments are taking action to implement their reduction proposals, but many are set to fail in reaching those proposals. Recent highlights include the agreed link …
