Tag Archives: CO2

Vattenfall increases its emission reduction targets – now in line with 1.5 degrees Celsius scenario

Vattenfall has decided to further increase its emission reduction targets for 2030 and beyond, aiming to reach net zero by 2040. The new targets are set to help keep the global warming at a maximum of 1.5 degrees Celsius and have been approved by the Science Based Targets initiative, SBTi, providing external validation in line … Continue reading Vattenfall increases its emission reduction targets – now in line with 1.5 degrees Celsius scenario

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Electrification with wind power will bring Europe to net zero CO2

Electrification is the most cost-effective way to decarbonise Europe’s economy according to a report from ETIPWind and WindEurope out today. Wind energy will lead the process: the EU sees it being half of Europe’s electricity by 2050. With the right investments in grids and technology, the combined rate of direct and indirect electrification will be … Continue reading Electrification with wind power will bring Europe to net zero CO2

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Greenhouse gas emissions decreased by 18% in Spain in 2020

Greenhouse gas emissions materially sank last year in Spain due to the reduction of activities during the pandemic. Confinement and the drop in transport and production caused the gases that heat the atmosphere to decrease in 2020 by 17.9% compared to the previous year It is the steepest descent in Spanish history. The result was … Continue reading Greenhouse gas emissions decreased by 18% in Spain in 2020

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RWE expressly supports Dutch CO2 reduction target

At the beginning of February, RWE filed a request for arbitration at the International Centre for Settlement of Investment Disputes (ICSID) in Washington under the Energy Charter Treaty. Today, Roger Miesen, CEO of RWE Generation, explained the reasons for this request to the Dutch Parliamentary Committee on Economic Affairs and Climate Policy: In 2019, the … Continue reading RWE expressly supports Dutch CO2 reduction target

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EU Member States increase 2030 climate target to 55 %

Statkraft, Europe’s largest provider of renewable energy, highly welcomes the EU leaders’ endorsement of a binding 2030 target to reduce net greenhouse gas emissions by at least 55 % against 1990 levels. “I am very happy that the European Council has agreed to increase the EU 2030 climate target to 55 % emission reduction. This … Continue reading EU Member States increase 2030 climate target to 55 %

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Leading Renewable Players Urge Governments to Re-align Recovery Measures with Paris Agreement

With the Paris Agreement celebrating its fifth anniversary this week, all eyes are on the world’s governments to urgently scale-up climate action. In a renewed call to action, over 100 leading renewable energy players, as members of the International Renewable Energy Agency (IRENA) Coalition for Action, urge governments to correct course. By placing a renewables-based … Continue reading Leading Renewable Players Urge Governments to Re-align Recovery Measures with Paris Agreement

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Equinor sets ambition to reach net-zero emissions by 2050

Equinor today announces its ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy. It sets a clear strategic direction and demonstrates Equinor’s continued commitment to long-term value creation in support of the Paris Agreement. “Equinor is committed to being a leader in the energy … Continue reading Equinor sets ambition to reach net-zero emissions by 2050

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Eliminating CO2 Emissions from Industry and Transport in Line with 1.5°C Climate Goal

Renewable energy holds the key to most of the options available to reach zero emissions in industry and transport, IRENA’s new report Reaching Zero with Renewables shows. Presented today by IRENA’s Director-General Francesco La Camera at the high-level Clean Energy Ministerial-Mission Innovation meeting, it sends a strong message that limiting global temperature rise to 1.5°C. will … Continue reading Eliminating CO2 Emissions from Industry and Transport in Line with 1.5°C Climate Goal

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European Commission proposes raising 2030 climate target to at least 55 percent

President Ursula Von der Leyen officially called for a greenhouse gas emissions reduction target of at least 55% to 2030 in her 16 September State of the European Union speech. This is a significant increase from today’s 40% target and would set the EU on a credible trajectory towards climate neutrality. The European Commission’s impact … Continue reading European Commission proposes raising 2030 climate target to at least 55 percent

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“We welcome the European Union’s climate ambition to continue to move firmly towards climate neutrality”

Iberdrola chairman, Ignacio Galán, has valued the European Commission review regarding the emission reduction targets (from 40 % to 55 %) for 2030. Galán welcomed “the European Union’s climate ambition to continue to move firmly towards climate neutrality”, and said “this new ambition still represents a unique opportunity for Spain that we have to take … Continue reading “We welcome the European Union’s climate ambition to continue to move firmly towards climate neutrality”

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Broad Energy Industry Coalition Encourages PJM to Continue to Examine Carbon Pricing in its Electricity Market

s U.S. policymakers look for cost-effective ways to tackle climate change, a diverse coalition of power generators, trade associations, and think tanks last week sent a letter encouraging PJM to continue its examination of the policy options and implications of carbon pricing in its market. The request comes at a time when many states in … Continue reading Broad Energy Industry Coalition Encourages PJM to Continue to Examine Carbon Pricing in its Electricity Market

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CO2 emissions from energy sources in Spain were reduced by 7.2% in 2019, thanks to the greater wind energy contribution

Eurostat estimates that in 2019, a year before the European Union (EU) extensively introduced containment measures for COVID-19, the emissions of carbon dioxide (CO2) from the combustion of fossil fuels (mainly oil and products derived from oil, coal, peat and natural gas) decreased significantly by 4.3% compared to the previous year in the EU. Spain … Continue reading CO2 emissions from energy sources in Spain were reduced by 7.2% in 2019, thanks to the greater wind energy contribution

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Vestas to become carbon-neutral by 2030

For Vestas, the reality of the climate crisis is at the centre of their business. In more than 40 years of pioneering and leading the wind energy industry, Vestas has worked with customers to reduce greenhouse gas emissions by driving the transition to replace carbon-based energy generation with renewable energy. Now, Vestas is excited to … Continue reading Vestas to become carbon-neutral by 2030

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How China Moved From Leader To Laggard On Climate Change

When the economy was growing robustly, Beijing saw stronger environmental policies as core to its economic transformation. Today, with growth at its slowest pace since the early 1990s, that has changed. The FT reports. © Qilai Shen/Bloomberg Baoding, China | The smoggy city of Baoding is known for two things: donkey burgers, and solar panels. … Continue reading How China Moved From Leader To Laggard On Climate Change

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Wind energy, solar energy, oil, coal, natural gas and climate change

The greenhouse gas emissions that cause climate change reached a record in 2019. Scientists’ warnings abound, and much of the world has long denied the effects of nature-causing gas emissions on climate change in the planet. Now, however, there is no way to ignore the protests: the facts and research show that we are close … Continue reading Wind energy, solar energy, oil, coal, natural gas and climate change

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New York Independent System Operator’s carbon pricing proposal would be an economic win for New York

The American Wind Energy Association (AWEA) applauded the New York Independent System Operator’s (NYISO) proposal to incorporate the social cost of carbon into the wholesale price of electricity. Today, NYISO released a new study which concludes that, “A carbon price in NYISO’s competitive wholesale power markets can help deliver New York’s clean-energy transition in faster, … Continue reading New York Independent System Operator’s carbon pricing proposal would be an economic win for New York

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Europe’s progress on renewable energy depends on getting National Energy & Climate Plans right

WindEurope CEO Giles Dickson highlighted the importance of the 2030 National Energy & Climate Plans at a Florence School of Regulation event on 12 September on the energy priorities for the next European Commission. Dickson said that Europe’s progress on renewable energy deployment over the next decade will be determined by the National Energy and … Continue reading Europe’s progress on renewable energy depends on getting National Energy & Climate Plans right

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IRENA Urges for More Climate Ambition through Renewables

IRENA presents renewable energy roadmap to address climate change and deliver jobs, economic growth and sustainable development at high-level UN Climate Meeting The tools required to meet the decarbonisation goals of the Paris Agreement exist today, and are technically feasible and economically attractive. This central message is being presented by IRENA at the UN’s Abu … Continue reading IRENA Urges for More Climate Ambition through Renewables

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India projected to be on track to achieve its Paris climate change agreement target

India, which is successfully pushing its aggressive policy of adding renewable energy to its energy profile, is projected to be on track to achieve its target set under the historic Paris climate change agreement, a top US energy expert has said. Testifying before a Congressional Committee on Paris Climate Agreement Commitment, an energy expert from … Continue reading India projected to be on track to achieve its Paris climate change agreement target

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Climate Model funded by the Leonardo DiCaprio Foundation shows how we can solve the Global Climate Crisis

Two-year scientific collaboration with the University of Technology Sydney, German Aerospace Center and University of Melbourne produces unique regional pathways to stay below a 1.5°C temperature rise by transitioning to 100% renewable energy and implementing natural climate solutions. As the Intergovernmental Panel on Climate Change (IPCC) Special Report warned in October 2018, the planet must … Continue reading Climate Model funded by the Leonardo DiCaprio Foundation shows how we can solve the Global Climate Crisis

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