A successful outcome will mitigate climate risk, provide businesses with the certainty they so desperately want and open up new opportunities for green growth.
Record-high gas prices could be a tipping point for the energy transition. Business and policymakers in Europe should seize the opportunity for energy efficiency, renewables and green hydrogen.
Only 24% of Paris Agreement signatories have referred to grid improvements – essential to build out renewables – in national climate plans that are meant to get the world on track to net-zero greenhouse gas emissions.
A greener future will mean neutralising embodied emissions and eliminating waste from renewables. Industry is working on solutions to these problems.
The 13th UN Sustainable Development Goal is in some ways the most urgent – to combat climate change and its impact upon the world. How can FDI further the energy transition and play its part in this fight?
Best selling electric cars, H1 2021 (Source: EV Volumes)
| Model | Sales |
|---|---|
| Tesla Model 3 (US) | 244,000 |
| Wuling HongGuang Mini (China) | 182,000 |
| Tesla Model Y (US) | 138,000 |
| BYD Han (China) | 39,000 |
| VW ID.4 (Germany) | 39,000 |
| Renault Zoe (France) | 38,000 |
| Great Wall Ora R1 (China) | 32,000 |
| VW ID.3 (Germany) | 31,000 |
| Hyundai Kona (S Korea) | 31,000 |
| GAC Aion S (China) | 30,000 |
The EU and US have come forward with a pledge to cut global methane emissions by at least 30% by 2030. Other large emitters are signing up.
More than a fifth of the cars produced in Germany in July 2021 were electric vehicles, compared with 6.8% in March 2020.
Ursula von der Leyen used her 2021 State of the European Union address to urge urgent climate action, but EU capitals will likely deflate the ambition of her proposal over the coming months – and escape scrutiny for doing so.
The US states of Maryland, North Carolina and Virginia have signed a pact to collaborate on offshore wind development. The regional partnership is a potential model to avoid zero-sum, state-by-state competition and build a larger US market.
Hydrogen, electric planes, cybersecurity, heat pumps, electric vehicles, gas, oil, CO2 removal, bitcoin and batteries have been some of our biggest hitters over the past year. To mark its first birthday, Energy Monitor takes stock of what is driving the energy transition.
The droughts, wildfires, floods and hurricanes of the past months have prompted US and EU leaders to connect domestic weather events to climate change in an unprecedented way – but will they change policy?
A confusing financial ecosystem is impeding the provision of climate finance to developing countries, and threatens to destroy what trust remains between rich nations and the Global South.
US banks, insurers and asset managers are not divesting from overseas coal assets fast enough, research from a German non-profit suggests.
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