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Oil and gas loopholes and forest carbon credits: The 7 biggest stories from the World Leaders Summit (day two) at COP28

…polluting industries to pay into the loss and damage fund alongside governments. She has floated the idea of including profits from fossil fuel extraction, fossil-fueled electricity generation and luxury aviation….

Barclays to end direct finance for oil and gas expansion

…the exclusion of Scope 3 (indirect) emissions reductions requirements is a loophole in Barclays approach. For most fossil fuel companies, the final burning of fuels, which falls into the Scope…

Shell shareholders reject calls to up climate targets as protestors disrupt AGM

…condemning the oil giant for fueling climate breakdown.#ShutDownShell #ShellLies pic.twitter.com/Qob890JUZi — Extinction Rebellion UK 🌍 (@XRebellionUK) May 23, 2023 The resolution had been backed by numerous pension funds, but ultimately…

Volcanic batteries and speedier hydrogen R&D: The best green innovations for Net-Zero November 2023

…business. Although we have many of the technologies we need to transition to a net-zero world (onshore wind and solar power are now cheaper than fossil fuels in many parts…

Decarbonising air travel: The challenge for airlines and their corporate customers

…with fuel combustion in jet engines. Consequently, operators are focusing in particular on the development and rollout of Sustainable Aviation Fuel (SAF), with IATA reporting that over 50 airlines are…

‘Morally obscene’: Rosebank oil field gets green light from regulators

…fossil fuel demand would be 25% lower than today. Who opposed Rosebank? Many green groups, corporates and even some MPs have all opposed the Rosebank project. MPs on the All-Party…

Authors against fossil fuels and a new wind farm for Amazon: The sustainability success stories of the week

…environment. We are looking forward to exchanging our knowledge and experience.” SUSTAINABILITY LEADERSHIP: Literary industry takes a stand against fossil fuel finance The push for fossil fuel divestment in arts…

Report: 1.5C pledge set to be undermined by major fossil fuel expansion

…“doubling down on fossil fuel production” just as they need to be phasing it down and out to “address the climate catastrophe by tackling its root cause”. More than 150…

Hydrogen, electric heat and carbon capture: UK Government invests £80m in energy tech

…the Industrial Fuel Switching Competition, which supports large energy users in adopting alternatives to fossil fuels. The business will use the funding to trial hydrogen in its heating processes. Hydrogen…

UK to unblock grid delays for renewables as athletes call out fashion greenwash: The sustainability success stories of the week

…of a vessel powered by green methanol was confirmed by fuel and fertilizer giant OCI Global. OCI fuelled an AP Moller-Maersk ship with green methanol at a terminal in Busan,…

COP28 Action Tracker: Ireland launches infrastructure and climate fund as UAE shapes summit plans

…funding, but the general consensus is that the final agreement was too weak on nature protection and phasing out fossil fuels. Much has changed since then. You’d be forgiven for…

World on track for ‘hellish’ 2.9C of warming by end of century, UN warns

…possibility of meeting the Paris Agreement now hinges on “relentlessly strengthening” climate mitigation efforts this decade. Fossil fuel expansion plans UN Secretary-General Antonio Guterres has urged nations to “tear out…

Food systems pledges and King Charles’ speech: The 8 biggest stories from the World Leaders Summit (Day One) at COP28

…girls are the most affected by climate change, yet they are silenced. Invisible. This must change.” Fossil fuel rows roll on COP28 President Dr Sultan Al Jaber raised eyebrows on…

UK Government sets out plans to quadruple nuclear generation capacity by 2050

…nuclear fuel. Britain gave the world its first operational nuclear power plant, and now we will be the first nation in Europe outside of Russia to produce advanced nuclear fuel.”…

Report: No nation fully on track to phase out fossil fuels

…on a fossil fuel phase-out.” Developed nations are urged to aim for the upper end of the benchmarking range, yet none, except the UK, are currently on track to meet…

Net-Zero Tracker: Quality of corporate climate targets only increasing incrementally

…COP27 in Egypt late last year, the guidance can be used by cities, regions and investors as well as businesses. Focus on fossil fuels Of the 2,000 companies covered by…

How can manufacturers invest in innovation for net-zero?

…the moment, biofuels are playing a bigger role in PepsiCo’s lower-carbon heating efforts. The company has six biofuel boilers across plants in the US and India, which burn fuels made…

Church of England excludes all fossil fuel companies from £10.3bn fund

…robust plans to scale down fossil fuels and scale up renewables, or lose the support of the Commissioners. First Church Estates Commissioner Alan Smith said: “The decision to disinvest was…

Government rubbishes CCC’s recommendations on airport expansions and fossil fuels

…leadership on the international stage was partly due to support for controversial fossil fuel projects domestically. Coutinho justifies decisions such as the continuation of licensing rounds for oil and gas…

From fossil fuel phase-outs to loss and damage funding: How can COP28 deliver positive climate tipping points?

…in Dubai, to help bring about these positive tipping points. Chief among them is immediate action to phase out fossil fuels, putting the world on track to dramatically scale back…