Microsoft has signed an agreement with Occidental Petroleum to purchase carbon credits worth 500,000 tons of CO2. Over the next six years, 1PointFive, a subsidiary of US oil company Occidental Petroleum, will remove half a million tons of CO2 from the atmosphere using a direct air capture (DAC) plant still under construction and store it […]
In the first half of 2024, China only approved low-carbon steel mills. According to a new report by the Centre for Research on Energy and Clean Air (CREA), this is the first time since September 2020 that CO2-intensive steel mills have not received any permits. The authors describe the development as a potential trend reversal […]
The new Labour government in the UK plans to simplify the planning process for onshore wind turbines and eliminate two barriers that have severely restricted their expansion since 2015. The new Energy Minister, Ed Miliband, announced on Monday that:The Labour government aims to double onshore wind capacity by 2030. Since 2017, the addition of new […]
Oxfam identifies only 35 billion dollars from international climate finance as actual support for poorer countries. According to Oxfam, more than two-thirds of the 116 billion dollars paid by industrialized countries in 2022 for climate finance, as reported by the OECD, cannot be considered genuine support. This is because they either need to be repaid […]
According to DUH’s survey, 186 out of 252 surveyed politicians use official vehicles emitting “significantly above the European fleet average of 95 g CO2/km”. Justice Minister Marco Buschmann (FDP), Education Minister Bettina Stark-Watzinger (FDP) and Transport Minister Volker Wissing (FDP) top the list with the most climate-damaging official vehicles, emitting between 184 and 205 g […]
At the G20, Brazil has proposed a global minimum tax for billionaires to mobilize more money for climate action and the fight against poverty. On behalf of the Brazilian G20 presidency, economist Gabriel Zucman drafted a “blueprint” for such a wealth tax on assets in the run-up to the G20 finance ministers’ meeting on July […]
Over the weekend, the trade dispute between Europe and China showed initial signs of easing. During Economy Minister Robert Habeck’s trip to China, the EU and China agreed to new talks regarding the EU’s protective tariffs on electric vehicle imports from China. This development is considered a success for Habeck.However, current developments in the wind […]
According to official reports, 1,301 people died from extreme heat during the Muslim pilgrimage Hajj in Saudi Arabia. The majority of the deceased were unregistered pilgrims, as stated by Saudi Health Minister Fahad Al-Jalajel on Sunday evening. “The unregistered pilgrims walked long distances under the sun without protection or rest. Some were elderly and others […]
Over the weekend, the trade dispute between Europe and China showed initial signs of easing. During Economy Minister Robert Habeck’s trip to China, the EU and China agreed to new talks regarding the EU’s protective tariffs on electric vehicle imports from China. This development is considered a success for Habeck.However, current developments in the wind […]
The steady growth of EVs in recent years is having an impact: From 2027, global fuel demand for road transportation could decline, according to new data from BloombergNEF (BNEF). The think tank predicts that 83 million electric cars, buses and trucks will displace combustion vehicles worldwide by 2025. In addition, there will be 340 million […]
