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Today at COP27, leading global experts highlighted 10 of the biggest climate science insights from the last year. These revelations come from climate-related research published this year and are put together by Future Earth, The Earth League, World Climate Research Programme (WCRP), plus scientists from around the world. “The insights provided by this report are alarming, confirming […]
The G20 and global development banks spent nearly twice as much financing international fossil fuel projects as they did on renewables from 2019 to 2021, a new report finds. The study – carried out by Oil Change International and Friends of the Earth US – paints a damning picture of money pouring into highly polluting international projects. From […]
China is planning the world’s largest wind farm, a facility so huge it could power the whole of Norway. Chaozhou – a city in China’s Guangdong province – has revealed ambitious plans for a 43.3 gigawatt facility in the Taiwan Strait. Operating between 75 and 185 kilometres offshore, the 10km long farm will feature thousands […]
Insurance providers are increasingly shunning fossil fuel projects, a new report suggests. The trend could be a major blow to the oil, gas, and coal industries, as investors are unlikely to fund projects that can’t secure risk protection. According to Insure Our Future – an alliance of a dozen groups tracking the climate policies of insurance providers – […]
Renewable power companies will have their revenues capped in England and Wales, as the government clamps down on runaway profits. The measures – described by the industry as a “de facto windfall tax” – will apply to low-carbon electricity generators like wind and solar. However, the government has not capped oil and gas revenue, leading environmentalists to […]
While Western countries try to use their insurance firms and vast maritime fleets as leverage to force the Kremlin’s hand, Russian cargoes could find alternative suppliers to replace the banned services. This makes the G7’s success contingent upon the participation of non-Western countries, including Russia’s top clients: India and China. The EU is still awaiting the cap’s […]
**Algeria is full of renewable energy promise. Host to significant hydrocarbon resources, the country also wants to play a role in the energy transition in Africa, mainly thanks to its photovoltaic potential. ** A land full of solar-powered promise In the Sahara desert, in the Laghouat region, 240,000 solar panels make up the El Kheneg solar […]
The worsening energy crisis besieging Europe has laid bare the “limitations” of the electricity market and requires an “emergency intervention” to bring down soaring prices, Ursula von der Leyen has said. “The skyrocketing electricity prices are now exposing, for different reasons, the limitations of our current electricity market design,” the European Commission president said on […]
Energy regulator Ofgem has instructed a number of suppliers to take immediate action over failings in how they charge customers direct debits. Around 500,000 UK households saw their direct debit costs more than double prompting concerns for the regulator. On average direct debit levels increased by 62 per cent for most consumers on a Standard Variable Tariff […]
The market gradually moved to shorter contracts based on real-time economic trends, which resulted in lower and more competitive prices for both industry and consumers. This flexibility was deemed essential to boost transparency and accommodate the green transition. The switch, however, left Europe more exposed to price volatility: as demand for gas rose, so did the bills. Until 2022, the […]