Energy in Demand News, July 28, 2024

A task force convened by the UN secretary-general has criticised the use of carbon credits to offset emissions outside of state-regulated schemes. The Financial Times (behind a paywall) reports that the task force’s draft report opposes companies using credits “to cancel out their carbon dioxide footprint, putting it on a collision course with big oil and technology groups.” The UN believes that companies should be investing to curb their emissions. The FT notes that “Big polluters such as Chevron and ExxonMobil as well as technology companies such as Microsoft and Apple have included carbon offsetting in their plans to fulfil climate promises made to investors.” It says that industries that are “carbon intensive in production, such as steel and cement, also rely on carbon credits in the private markets to offset their greenhouse gas emissions to meet net zero targets.” Let’s hope that the final report gets a good airing at COP29. These companies have to be much more aggressive in mitigating their own emissions.

In the context of COP29 in Azerbaijan in November, there is a global call to the UNFCCC to include cultural heritage, the arts and creative sectors in climate policy.    Fanny Po Sim Head interviews the award winning composer Brian Field about music, musicians and climate change.

Are you up for a quiz? Check out the post on EnerWhizz. Only a few more days to play this month. Yes, you can be a winner too!

In planning travel over the upcoming weeks, here is some useful news to help you along:

Norman Cousins (1915-1990), an American political journalist, author, professor, and world peace advocate provides us with an important message to reflect on this week: “It makes little difference how many university courses or degrees a person may own. If he cannot use words to move an idea from one point to another, his education is incomplete.”

EiD welcomes your views about this week’s selection of posts on the zero-carbon energy transition:

Please send your comments on any of the posts. Please follow us on X at @EnergyDemand and @rodjanssen. Please recommend EiD to your friends and colleagues.

If you would like to subscribe to this weekly newsletter, please write to energyindemand@gmail.com.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.