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Climate Investment Opportunities Total $23 Trillion in Emerging Markets by 2030, Says Report

16 November 2022 admin 0

Since the Paris Agreement was adopted in December 2015, a total of 189 countries have submitted their national plans that target aggressive growth in climate solutions—including renewable energy, low-carbon cities, energy efficiency, sustainable forest management, and climate-smart agriculture. These plans, called Nationally Determined Contributions (NDCs), offer a clear roadmap for investments that will target climate-resilient infrastructure and offset higher upfront costs through efficiency gains and fuel savings. An IFC report launched in November shows that the historic global agreement on climate change adopted in Paris helped open up nearly $23 trillion in opportunities for climate-smart investments in emerging markets between now and 2030. IFC’s [...]

Global carbon emissions hit record despite China slowdown

11 November 2022 admin 0

Global carbon dioxide emissions will hit a record high this year, in spite of a drop in China’s emissions, as the world increased its coal use and economic activity continued to pick up post-coronavirus. Carbon dioxide emissions from energy will rise 1 per cent to reach 37.5bn tonnes in 2022 — with the biggest increases coming from India and the US, according to new data from the Global Carbon Project, a coalition of international climate science bodies. The sudden drop in emissions in China, the world’s biggest polluter, will be more than offset by the surging emissions in the rest [...]

British wind farms set new 21GW generation record – reNews

6 November 2022 admin 0

Wind farms across Britain have set a second power generation record within the space of a week, producing 20,896MW of electricity on Wednesday 2 November. National Grid ESO said the milestone was achieved during a 30-minute period around noon when wind farms accounted for 53% of Britain’s electricity. On the same day, low-carbon sources – wind, solar, nuclear, hydro and storage – provided 70% of the country’s electricity. It comes just seven days after a previous record was set by onshore and offshore wind projects, when 19,936MW was generated over a half-hour period. RenewableUK chief executive Dan McGrail said: “Generating more than 20GW of [...]

Carbon emissions from energy to peak in 2025 in ‘historic turning point’, says IEA – The Guardian

2 November 2022 admin 0

Global carbon emissions from energy will peak in 2025 thanks to massively increased government spending on clean fuels in response to Russia’s invasion of Ukraine, according to analysis by the world’s leading energy organisation. The International Energy Agency (IEA) said that government spending on clean energy in response to the crisis would mark a “historic turning point” in the transition away from fossil fuels, in its annual report on global energy. The invasion of Ukraine has prompted an energy crisis around the world, with global gas prices initially surging. The crisis has caused steep inflation that has made households poorer around the world. Governments have been scrambling to [...]

World close to ‘irreversible’ climate breakdown, warn major studies – The Guardian

30 October 2022 admin 0

Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits. The climate crisis has reached a “really bleak moment”, one of the world’s leading climate scientists has said, after a slew of major reports laid bare how close the planet is to catastrophe. Collective action is needed by the world’s nations more now than at any point since the second world war to avoid climate tipping points, Prof Johan Rockström said, but geopolitical tensions are at a high. He said the world was coming “very, very close to irreversible changes … time [...]

IEA forecasts fossil fuel demand will peak this decade – FT

27 October 2022 admin 0

The International Energy Agency has said Russia’s invasion of Ukraine will accelerate a peak in the world’s consumption of fossil fuels, with gas demand now expected to join oil and coal in topping out near the end of this decade. Fatih Birol, head of the IEA, said the world was fast approaching a “pivotal moment in energy history” as demand for the fossil fuels that have underpinned the modern economy since the advent of the industrial evolution nears an inflection point. “After rapid growth in gas consumption in the last 10 years, we think the golden age of gas is [...]

Top climate tech deals net nearly $4B in Q3, outpacing other industries – TechCrunch

25 October 2022 admin 0

Climate tech wrapped a strong Q3, landing three of the top four equity deals, including the whopping $1 billion Series A raised by fleet charging startup TeraWatt. While the broader market might be cooling, climate tech continues to be a hot ticket, with investment figures for top deals in Q3 outpacing the two previous quarters this year. In total, five climate tech startups made CB Insights’ top 10 equity deals list in Q3, pulling in a combined $3.7 billion. That far exceeds last quarter’s $2.5 billion across eight top startups and Q1’s $1.4 billion across five top startups. Top climate tech investments continued to diversify, too, [...]

Megawatt Mosaic Ltd Promotional Video/Funding Round Live/Update 1 – 21st October 2022

21 October 2022 admin 0

Dear All Megawatt Mosaic’s Promotional Video is now live on their blog and their funding round is officially live. Please take a little time this weekend to watch the video to understand the company and its incredible potential by clicking below: Megawatt Mosaic Promotional Video Latest news from funding side: We are due to receive a funding offer from a third party committed to assist in raising at least £500,000 for Megawatt Mosaic Ltd, as soon as we hit £200,000 from Lead Investors. To register your interest and download an Information Memorandum on Megawatt Mosaic Ltd or to register to become a Introducer please click below: Register [...]

Netherlands Joins Spain and Poland in Move to Quit Energy Treaty – FT

20 October 2022 admin 0

Rebellion has mounted among EU countries over an international energy treaty that gives multinationals the power to sue governments, as the Netherlands became the third country to announce plans to withdraw from a pact it says stymies plans to tackle climate change. The Netherlands joined a move last week by Spain, following in the footsteps of Poland, in preparing to exit the Energy Charter Treaty that was intended to protect international energy investments by foreign companies or individuals. Italy withdrew in 2016 but remains bound by a 20-year sunset clause. Campaigners say the pact, designed in the 1990s to encourage [...]

Strong Tides along UK Coast could create Electricity for less than cost of Nuclear Power

18 October 2022 admin 0

The UK has the second biggest tides in the world after Canada, peaking in the Bristol Channel, and along the coast of north Wales and northwest England – but it still hasn’t seized the use of tidal power. As per Sky News, the strong tides along Britain’s west coast could produce huge amounts of clean electricity for less than the cost of nuclear. The country has the second biggest tides in the world after Canada, peaking in the Bristol Channel, and along the coasts of north Wales and northwest England.According to experts, a network of seven tidal power plants could be built [...]

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