Europe needs €800bn to meet 2030 climate targets, says industry

The Brussels-based European Round Table for Industry this week published two new reports by the Boston Consulting Group that lay out the state of play and articulate the challenges in Europe’s energy transition. As the countdown continues to the European elections and appointment of the next European Commission later this year, the European Round Table … Continue reading Europe needs €800bn to meet 2030 climate targets, says industry →

Banks made big climate promises but a new study doubts they work

Using European Central Bank lending data, researchers said there was not evidence that voluntary commitments were effective in reducing emissions. Hundreds of banks, insurers and asset managers vowed to plow $130 trillion in capital into reducing carbon emissions and financing the energy transition as they introduced the Glasgow Financial Alliance for Net Zero. But a … Continue reading Banks made big climate promises but a new study doubts they work →

Energy in Demand News, April 7, 2024

The Financial Times (behind a paywall) anticipates that the AI revolution will be a boon for natural gas, according to fossil fuel bosses. “AI’s soaring energy needs will rise well beyond what renewable energy and batteries can deliver, executives argue, making more planet-warming fossil fuel supplies crucial even as governments vow to slash their use.” … Continue reading Energy in Demand News, April 7, 2024 →

“If we are to have any chance of reaching the Paris Agreement goals, we will have to reward those who play the game and penalize those who do not”

In an article on the Le Monde website, finance expert Laurent Babikian proposes rewarding companies who make efforts to decarbonise and penalizing those who don't. What are your views? Climate: 'The most effective way of reaching the Paris Agreement would be variable price business models' To achieve the Paris Agreement, greenhouse gas emissions (GHG) … Continue reading “If we are to have any chance of reaching the Paris Agreement goals, we will have to reward those who play the game and penalize those who do not” →

How industry can address the challenges of the energy transition

By upgrading their energy strategies, industrials can reduce energy costs, accommodate market volatility, and achieve ambitious decarbonization targets. In an article on the McKinsey website Mauro Erriquez, Alvaro Gonzalez, Diego Hernandez Diaz, and Humayun Tai describe how. Playing offense: Industrials staying ahead in the energy transition The recent market turmoil and ongoing challenges of … Continue reading How industry can address the challenges of the energy transition →

Carbon Majors Update: Just 57 fossil fuel and cement producers linked to 80% of global fossil CO2 emissions produced since the Paris Agreement

On April 4th InfluenceMap published the new digital home for The Carbon Majors Database - the key international source of data on attribution of historical GHG emissions to the worlds' largest fossil fuel producers together with releasing a new report analysing the emissions data for these producers since the Paris Agreement. Matthew Carl Ives, Senior … Continue reading Carbon Majors Update: Just 57 fossil fuel and cement producers linked to 80% of global fossil CO2 emissions produced since the Paris Agreement →

Energy in Demand News, March 31, 2024

New oil and gasfields are expected to grow fourfold despite IEA warnings, the Financial Times (behind a paywall) reported this week in their energy newsletter. At least 20 new oil and gasfields reached final investment decisions worldwide last year and “this figure to grow nearly fourfold by the end of the decade, with another 31bn … Continue reading Energy in Demand News, March 31, 2024 →

Recent modelling shows that domestic peak heat demand in UK is almost 50% lower than widely cited values

A recent article on the Cell Press website provides valuable insight into the impact of 100% electrification of domestic heat in the UK. Decarbonising heat in particular is often perceived as a daunting task since natural gas serves between 60 and 80% of the domestic heat sector in countries like the UK. While there has … Continue reading Recent modelling shows that domestic peak heat demand in UK is almost 50% lower than widely cited values →

Energy in Demand News, March 24, 2024

"The state of the climate in 2023 gave ominous new significance to the phrase ‘off the charts.'" That quote introduced the World Meteorological Organization’s latest annual report. It confirms that 2023 was the hottest year on record by a clear margin. Records were broken for ocean heat, sea level rise, Antarctic sea ice loss and … Continue reading Energy in Demand News, March 24, 2024 →

The Dutch airline KLM accused of greenwashing

The Dutch airline KLM has misled customers with vague environmental claims and painted “an overly rosy picture” of its sustainable aviation fuel, a court has found. Ajit Niranjan discusses the court decision in an article on the Guardian website. Dutch airline KLM misled customers with vague green claims, court rules The Dutch airline KLM … Continue reading The Dutch airline KLM accused of greenwashing →