Post Tagged with: "climate goals"

Source: Reuters

Renewables surged in 2020 but world not yet on track for climate goals, BP says

Reuters


Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a “decisive shift” towards meeting U.N.-backed climate goals, BP said in its annual energy review.…

Source: Reuters

U.S., other countries deepen climate goals at Earth Day summit

Reuters


WASHINGTON – The United States and two other countries hiked their targets for slashing greenhouse gas emissions at a global climate summit hosted by President Joe Biden, an event meant to resurrect U.S. leadership in the fight against global …

Source; Reuters

Oil to hit $40 by 2030 if climate goals are met: consultancy

Reuters


LONDON – Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said on Thursday.

In a …

Source: Reuters

Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says

Reuters


LONDON – Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study …

Source: Reuters

EU eyes huge increase in offshore wind energy to meet climate goals: draft

Reuters


BRUSSELS – The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as it seeks to become climate neutral by mid-century, according to a draft policy.

The 27-nation …

November 6, 2020 - 1:30 pm Closing Bell Story‎, CO2 Capture, Energy News, Sustainability
Source: Reuters

Analysts sharply raise EU carbon price forecasts on tougher climate goals

Reuters


LONDON  – Analysts have significantly increased their European carbon market price forecasts on expectations tougher climate targets for greenhouse gas reductions in the bloc will drive up the cost of permits.

EU Allowances (EUAs) are expected to average 37.86 …