#decarbonisation

#decarbonisation

The overarching message of The Economics of Climate Change: The Stern Review was that failing to invest in mitigating climate change would exact an alarmingly high price, estimated between 5% and 20% of global GDP per year.

On average, fuel prices are up almost a dollar per gallon, or 25 percent, according to AAA. For a nation as addicted to the automotive as we are, that's bad news. Except, of course, for electric vehicles.

The French government has temporarily authorised the sale of diesel fuel with lower cold-weather resistance to prevent shortages amid rising prices at the pump.

With a wave of new models, deeper discounts and lower running costs, more buyers are starting to see EVs as a way to take control of their energy costs.

At a young age, I learned quickly how oil wealth and power could burn the land while people struggled. I saw heat rise off the streets, the Nile strained, and the air thickened with injustice. In my teenage years, through Aotearoa, being on the edge of the Pacific, I felt the ocean breathing heavy, swallowing the shores of islands that have done the least to cause this harm.

At a meeting at the Paris headquarters of the intergovernmental body dedicated to global energy security, Wright referred to the "destructive illusion" of the IEA's commitment to massively reducing greenhouse gas emissions sourced from fossil fuels. The US, one of 45 member and associate countries of the IEA that represent 75% of the world's energy demand, is threatening to withdraw from the body if it does not quit its energy transition goals in the next year.

Reaching net zero would cost about 4bn a year, the CCC found, or close to 100bn by 2050, which was roughly equivalent to the energy-related costs of the fossil fuel shocks that followed Russia's invasion of Ukraine. The findings contradict widespread claims made by rightwing thinktanks and populist politicians including the Reform party that net zero would represent a crippling cost of 9tn to the UK's economy.

The company's agreement with TerraPower will fund the development of two new reactors capable of delivering up to 690 megawatts of power as early as 2032. The deal also gives Meta rights to energy from six other reactors that could deliver an additional 2.1 gigawatts by 2035. All this power would come from TerraPower's "Natrium" reactors, which use sodium instead of water as a coolant.

The UN-run market allows companies and countries to offset their excess emissions by financing projects that cut greenhouse gases in other nations. The new initiative involves a clean cooking project in Myanmar, which distributes efficient cookstoves that reduce pressure on local forests. Implemented in partnership with a South Korean company, the project will generate credits that will count towards the climate targets of South Korea and Myanmar.

But as this nascent field grapples with questions of legitimacy, scalability, and accountability, a critical challenge remains: How do we build the infrastructure needed to track, verify, and certify that carbon has actually been removed and stays removed? Meet Hannes Junginger-Gestrich, CEO of Carbonfuture, a company helping define the monitoring, reporting, and verification (MRV) infrastructure that could transform carbon removal from scattered efforts into a functioning ecosystem.

Plastic is everywhere. Inside the human body, in the depths of the ocean and the far reaches of the Arctic. Now a new study warns that, unless the world changes course, plastic could more than double its damage to human health within the next two decades. The culprit is not plastic litter in the environment or microplastics, but the emissions released across plastic's entire life cycle from fossil fuel extraction and manufacturing to transport, recycling and disposal.

Most Americans now accept the basic physics of climate change-that manmade greenhouse-gas emissions are raising global temperatures. Yet the public discussion of climate change is still remarkably broken in the United States. Leaders of one political party frame climate change as an existential emergency that threatens human life and prosperity. Leaders of the other dismiss it as a distraction from economic growth and energy security. Economists like me, trained to think about trade-offs,

Solar and wind power provided more electricity than coal and gas last year, leading a global trend, said think tank Ember. Solar and wind power outperformed fossil fuels in the European Union for the first time last year, a new high watermark on Europe's transition to green and autonomous energy. The two sources of energy generated 30 percent of EU electricity, compared with 29 percent for coal and gas, Ember, a global energy think tank, said on Thursday in its European Electricity Review.