Bad carbon credits are edging out good ones in the carbon offset market, posing a significant challenge in the efforts to reduce greenhouse gas emissions and combat climate change.
Many carbon credits bought by speculators have no environmental value and have become useless assets, potentially causing them to lose billions of dollars.
Companies and entrepreneurs are shifting their focus to mitigating climate change by aiming for net-zero emissions, which requires significant investment and the collaboration of both large organizations and small businesses, who can play a vital role in building a cleaner and sustainable future by understanding and addressing the sources of harmful emissions in their operations.
The UK's energy policy is facing serious challenges as doubts grow over whether net zero and energy security goals can be achieved, with rising costs and practical difficulties hindering progress in the transition to carbon-free energy sources. Ambitions for renewable energy and decarbonization targets are being scaled back, prompting concerns over the government's ability to meet its goals.
Britain's progress towards achieving net zero emissions by 2050 is faltering, as evidenced by the slowdown in offshore wind projects and the lack of leadership on environmental issues from Prime Minister Rishi Sunak, leading to concerns about the country's ability to meet its climate goals.
The New Delhi Leaders’ Declaration highlights the commitment of the G20 countries to achieve global net zero emissions and triple renewable energy capacity by 2030, while also recognizing the principles of common but differentiated responsibilities and different national circumstances.
The transition to a carbon-neutral world by 2050 will require a significant amount of green metals, leading to concerns of a supply crunch by the end of the decade, but strategies such as recycling, new mining projects, and demand-side adjustments could help minimize the impact.
The U.S. economy is projected to reduce carbon dioxide emissions by 35-43% by 2030 through the Inflation Reduction Act, which provides tax credits for electric vehicles and renewable energy production.
The global renewable energy funding gap is primarily concentrated in emerging markets due to higher risk and lower investor appetite, falling short of the investment needed to achieve net-zero greenhouse gas emissions goals outlined in the Paris Agreement, according to S&P Global Ratings. Current clean energy efforts are insufficient, and greater collaboration between governments and stronger investment in renewable generating assets are necessary to accelerate the energy transition.
Apple is making progress towards its goal of achieving zero carbon emissions for all its products by 2030, including addressing challenging Scope 3 emissions through its contracts with third-party manufacturers.
Record growth in clean energy technology could still limit global warming to 1.5 degrees Celsius, but an investment of nearly $4.5 trillion per year would be required by the start of the next decade, according to the International Energy Agency.
A new report from the International Energy Agency reveals that countries are making progress in deploying climate-friendly technologies, such as solar power and electric vehicles, and that there is still a pathway to achieving net-zero emissions by 2050 and limiting global warming to 1.5 degrees Celsius.
Global demand for fossil fuels is expected to peak by 2030, but this alone will not be enough to limit global warming to the target of 1.5 degrees Celsius, according to the International Energy Agency (IEA). The IEA highlights the need for a rapid expansion of renewable energy sources and a 25% decrease in fossil fuel demand by 2030, along with significant investments in clean energy and technologies such as carbon capture and storage. Despite progress in clean energy adoption, achieving the 1.5-degree target remains a challenging task.
Global fossil fuel demand needs to decrease by 25% by 2030 and 80% by 2050 to limit global warming and achieve climate change goals, according to the International Energy Agency's Net Zero Roadmap.
Achieving the transition to net-zero emissions by 2050 will require around $2 trillion annually by 2030, with the majority of funding coming from the private sector, as many emerging market and developing economies lack the necessary financial markets and credit ratings to attract international investors; furthermore, the current climate policies and commitments of major banks are not aligned with net-zero targets.
A new report by ICF Climate Center suggests that the US can achieve net zero by 2050 through increased adoption of electric vehicles (EVs), building decarbonization, and clean energy, but emphasizes the need for additional investments, regulations, and policies to reach the required scale.
The latest report from the U.N. Framework Convention on Climate Change warns that the world has a limited time to prevent catastrophic warming, but also highlights progress in areas such as carbon pricing, innovative financing, and climate technology.
The surge in interest rates caused by Russia's invasion of Ukraine has made achieving net zero emissions by 2050 much more difficult and expensive, putting climate change goals at risk and creating political pushback against such commitments.
A new report from the U.S. Department of Agriculture (USDA) highlights barriers and opportunities for farmers to participate in carbon markets and generate income through carbon credits as part of efforts to combat climate change.
Clean energy, including solar and electric vehicles, is expected to transform the global energy system by 2030, with solar projected to generate more electricity than the entire US power system, according to the International Energy Agency (IEA)'s "World Energy Outlook 2023."
The International Energy Agency predicts that demand for fossil fuels will peak before 2030 due to the growing adoption of renewable energy sources, although a faster transition is needed to limit global warming to 1.5 degrees Celsius.
By 2030, the International Energy Agency predicts a significant increase in green transportation and electricity worldwide, with renewables accounting for half of the world's electricity mix and electric vehicles making up 10 times more of the vehicles on the road, signaling an unstoppable global transition to clean energy.
