Demand for coal is predicted to decline beginning in 2026, according to the most recent coal market report — Coal 2023 Analysis and forecast to 2026 — from the International Energy Agency (IEA). It is the first time the report has projected a drop, a press release from the IEA said. “Today, coal remains the […]
At the COP28 climate conference on Saturday, nearly 120 nations pledged to triple the output of renewable energy on the planet by 2030. In Dubai, European Commission President Ursula von der Leyen, along with 118 countries and COP28 President Sultan al-Jaber, launched the Global Pledge on Renewables and Energy Efficiency at the World Climate Action […]
The next United Nations Climate Change Conference, otherwise known as COP28, begins Thursday in the United Arab Emirates. The conference, which lasts through December 12, comes at a critical moment in global efforts to contain the climate crisis. The latest UN Emissions Gap Report, released ahead of the talks, found that nations’ current emissions reduction […]
Virgin Atlantic has made the first transatlantic flight of a commercial passenger jet powered entirely by “sustainable” fuel. Flight100 took off from London Heathrow and made its way across the Atlantic to New York’s JFK airport on a sustainable aviation fuel (SAF) mixture of mostly “waste fats,” as well as plant sugars, oil, proteins and […]
According to a recent study by scientists from Germany’s Potsdam Institute for Climate Impact Research, some newer climate models greatly underestimate the extent to which global heating leads to extreme rainfall. The study predicts more frequent disastrous flooding unless humans reduce greenhouse gas emissions. “Extremes appear to intensify faster with global warming than the models […]
Companies in Nigeria and Germany have signed two agreements: a $500 million renewable energy memorandum of understanding (MoU) and a gas export accord. According to Ajuri Ngelale, spokesperson for Nigerian President Bola Tinubu, the renewable energy MoU is seeking investments in projects all over the country, primarily in rural communities, reported Reuters. Farouk Gumel, Chairman […]
A new United Nations Climate Change report says that current climate action plans by nations are not enough to limit the average global temperature increase to 1.5 degrees Celsius and meet Paris Agreement targets. The report shows that countries need to take much more action immediately, even though some have been making increased efforts, in […]
The U.S. Energy Information Administration (EIA) is forecasting that in 2024, electricity from solar energy will exceed the amount of energy coming from hydropower sources by about 14%. The prediction has been published in EIA’s Short-Term Energy Outlook report. EIA attributes this prediction to continuing growth around the U.S. in both utility-scale and small-scale solar […]
Multinational energy company Ørsted has stopped development on two offshore wind projects in the U.S., saying impairments related to the projects could be as high as $5.58 billion, reported Reuters. The 2,248-megawatt projects, Ocean Wind 1 and 2, are located in New Jersey. Stock for Danish firm Ørsted, the largest offshore wind developer in the […]
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