Last week, the EU took a major step towards the development of geological CO₂ storage facilities. Under the Net Zero Industry Act (NZIA), 44 European oil and gas companies are obliged to provide CO₂ storage capacities of 50 million tons by 2030. In a Delegated Regulation, the EU Commission obliged companies to develop geological storage […]
According to Global Energy Monitor, Brazil and Honduras have scrapped the last two plans for new coal-fired power plants. This means that, for the first time in Latin America, there are no more efforts to expand coal power. As early as 2024, coal accounted for only four percent of the electricity supply in Latin America […]
According to a recent survey by the consultancy EY, decarbonization and ESG issues are a “strategic priority” for 41 percent of companies. This puts it in third place on the list of priorities behind profit growth (66 percent) and revenue growth (61 percent). The 206 companies surveyed that are active in Germany consider expansion into […]
The German Association for Negative Emissions (DVNE) has urged the German government to improve the conditions for voluntary carbon markets in the agriculture and forestry sector. It argues that the markets could help turn the sector back into a carbon sink instead of a carbon source. The restructuring of German beech and spruce forests alone […]
In China, the rapid growth in renewable energies was responsible for the drop in CO₂ emissions for the first time, as a new analysis by the Carbon Brief portal shows. Prior to this, phased reductions in emissions were mostly due to economic slumps. According to the analysis, China’s emissions have fallen by one percent in […]
For the first time, EVs accounted for more than 20 percent of the global car market in 2024, according to the “Global EV Outlook 2025” published yesterday by the International Energy Agency (IEA). Over 17 million EVs were sold worldwide. All major and many smaller car markets experienced new sales records in the first quarter […]
The province of Henan, China’s breadbasket, has warned of dry, hot winds that will jeopardize the development of wheat plants and most likely affect crop yields. Extreme weather has already jeopardized agricultural production in recent years. And by 2030, eight percent of Chinese harvests could be at risk due to climate-related droughts. Climate change is […]
According to the Global Methane Tracker published yesterday by the International Energy Agency (IEA), decommissioned oil and gas production facilities and coal mines are responsible for an estimated eight million tons of methane emissions. Taken together, these sources would be “the fourth largest emitter of methane from fossil fuels in the world behind China, the […]
According to a new study commissioned by the Ministry of Economic Affairs, German gas imports cause far fewer methane emissions per cubic meter of gas imported than those of the EU27 countries. The study shows that imports from the USA, Russia, Algeria, Nigeria and Angola have a much higher methane intensity than imports from Norway, […]
The USA is attempting to hinder reforms to the global financial system and access to climate financing for poorer countries. According to Reuters, this emerges from a draft text for the 4th International Conference on Financing for Development (FFD4) in Seville in June, which the news agency was able to view.According to the document, the […]
