Average flaring intensity per barrel is at its highest in five years – even as the IEA's Sustainable Development Scenario says it must fall 90% by 2025.
Policy barriers are preventing capital flowing towards low-carbon transport. Ingrid Holmes, executive director of the UK’s Green Finance Institute, tells Energy Monitor how the organisation plans to bring them down.
Sheffield, in the north of England, has a long history of steelmaking, and is now home to electrolyser manufacturer ITM Power. However, the UK government is failing to give any clear support to cleaning up steel production using green hydrogen.
Governments at all levels are establishing green banks to catalyse investment in carbon-cutting solutions. In the US, Joe Biden and Democrats in Congress want to take the model nationwide.
Climate activists are using courts to hold big emitters accountable. Landmark successes in recent months suggest this trend is set to continue as the imperative to slash emissions and ditch fossil fuels grows ever greater.
A new green bond standard proposed by the European Commission will provide issuers with a robust tool to demonstrate they are funding legitimately green projects in line with net-zero targets.
Governments could save $3trn and reduce CO2 emissions by 5.46 billion tonnes via the removal of fossil fuel consumption subsidies, says the International Institute for Sustainable Development.
More and more jurisdictions are introducing carbon taxes – but continuing to allow oil company tax avoidance reveals only a half-hearted commitment to the energy transition.
Clean energy advocates say citizen-owned solar and wind power is the best way to get community buy-in for renewables projects, but as feed-in tariffs are replaced by competitive auctions, citizen-led initiatives are decreasing in number.
Emerging partnerships between countries like Germany and Australia, backed by business interests and financial incentives, are laying the foundations for a global, green hydrogen market to replace fossil fuels.
Governments must begin winding down fossil fuel production immediately if global warming is to remain below 1.5°C. Any delay is entirely political, suggests a report commissioned by global initiative the Fossil Fuel Non-Proliferation Treaty.
The world will not run out of minerals any time soon, and while developing domestic supply chains makes sense, this will not make or break the energy transition.
The G7 nations all support net-zero greenhouse gas emissions by 2050 and have updated their 2030 climate goals, but their support for an international energy transition has been limited.