Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.
Research indicates that a fifth of buildings plus 40% of railways and roads on endangered parts of Himalayan Qinhai-Tibet Plateau are in trouble, driven by climate change.
Emissions from future LNG projects and could use up 10% of the remaining global carbon budget for 1.5˚C warming by 2050.
Kazakhstan is itching to get its lithium out of the ground.
COP26 has not delivered so far on the promises made in Glasgow in November 2021, with companies failing to move towards zero emissions pledges and the world as a whole not meeting the targets and aspirations laid down.
Iran is claiming progress with its solar industry, set to reach an estimated 1,000 MW in the next six months. Time will only tell whether the country, hit with massive protests and a crisis of legitimacy, will pull off this massive feat.
The plan is to turn waters from the Caspian Sea into clean hydrogen for export.
The world is heading for a 2.8°C rise in global warming by 2100 unless governments urgently improve their emissions targets, the UN warned, otherwise the window of opportunity to take the required climate action will slam shut.
The war in Ukraine has prompted new investment in green hydrogen to reach over $73bn as costs fall, making fossil fuel-produced hydrogen uneconomic as gas prices soar.
Global carbon emissions will peak in 2025 as the world reaches a “historic turning point” and governments pour investment into renewables to counteract the energy crisis that has gripped the world this year.
The combined climate pledges of 193 governments would limit global warming to 2.5°C by 2100, way above the Paris Agreement goals of 1.5°C.
Turkmen oil and gas infrastructure and landfill south of Tehran added to emissions blacklist.
The global green bond market was worth $552bn in 2021, accounting for 53% of all green, social and sustainability issuances, according to a recent report from Fitch.
Investments in renewable energy need to triple by 2050 to put the world on a net-zero trajectory by mid-century, according to a new report by the World Meteorological Organisation (WMO), part of the United Nations.