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Carbon emissions ‘will drop just 40% by 2050 with countries’ current pledges’
Cop26Carbon emissions ‘will drop just 40% by 2050 with countries’ current pledges’International Energy Agency says $4tn investment needed over decade to reach net zero target Rob Davies@ByRobDaviesWed 13 Oct 2021 00.00 EDTLast modified on Wed 13 Oct 2021 03.11 EDTCurrent plans to cut global carbon emissions will fall 60% short of their 2050 net zero target, the International Energy Agency has said, as it urged leaders to use the upcoming Cop26 climate conference to send an “unmistakable signal” with concrete policy plans.In its annual World Energy Outlook, redesigned this year as a “guidebook” for world leaders attending the summit in Glasgow, the IEA predicted that carbon emissions would decrease by just 40% by the middle of the century if countries stick to their climate pledges.The organisation said the difference between current plans and the change necessary to reach the net zero target was “stark”, requiring up to $4tn (£2.94tn) in investment over the next decade alone to bridge the divide.The IEA’s executive director Fatih Birol told the Guardian that major economies recovering from Covid-19 were already missing the opportunity to spur investment in clean energy.‘Overwhelming’ backing for strong climate action, UK study showsRead more“We are witnessing an unsustainable recovery from the pandemic,” he said, pointing to sections of the report that show coal use growing strongly, contributing to the second-largest increase in CO2 emissions in history.Birol called for developing economies in particular to make …
India faces electricity crisis as coal supplies run critically low
11/10/2021 Comments Off on India faces electricity crisis as coal supplies run critically lowIndiaIndia faces electricity crisis as coal supplies run critically lowEight in 10 thermal power stations within days of running out as state blackouts spark protests Hannah Ellis-Petersen in DelhiMon 11 Oct 2021 21.27 EDTLast modified on Tue 12 Oct 2021 06.35 EDTIndia is facing a looming power crisis, as stocks of coal in power plants have fallen to unprecedentedly low levels and states are warning of power blackouts.States across India have issued panicked warnings that coal supplies to thermal power plants, which convert heat from coal to electricity, are running perilously low.China orders coalmines to raise production to address power crunchRead moreAccording to data from the Central Electricity Authority of India, nearly 80% of the country’s coal-fired plants were in the critical, or “supercritical” stage, meaning their stocks could run out in less than five days.Over the weekend, Delhi’s chief minister, Arvind Kejriwal, wrote to the prime minister, Narendra Modi, that the capital “could face a blackout” if power stations did not receive more coal.States including Rajasthan, Jharkhand and Bihar have been experiencing power cuts lasting up to 14 hours.Maharashtra shut down 13 thermal power plants and urged people to use electricity sparingly, and in Punjab three power plants halted production. Scheduled power cuts introduced in Punjab, lasting up to six hours at a time, have prompted protests.However, experts have emphasised that the power issues are not due to a shortage of domestic coal …
Continue reading …California justice department to investigate enormous oil spill
11/10/2021 Comments Off on California justice department to investigate enormous oil spillCaliforniaCalifornia justice department to investigate enormous oil spillAttorney general will seek to determine cause of spill and how it could have been prevented Mark Oliver and agenciesMon 11 Oct 2021 19.22 EDTCalifornia’s justice department is investigating the spill off the coast of Huntington Beach earlier this month, which sent thousands of gallons of oil into the ocean, the state’s attorney general, Rob Bonta, announced on Monday.The spill, from an undersea pipeline, polluted the waters near Los Angeles last weekend, blackening beaches and endangering wildlife.Bonta said the state’s justice department would work with other state, local, and federal authorities to determine the cause of the spill and what, if anything, could have been done to prevent or minimize the disaster.Officials have previously said the cause remains under investigation, and they believe the pipeline was probably damaged by a ship’s anchor several months to a year before it ruptured.Why California’s enormous oil spill won’t be its lastRead more“The oil spill off the coast of Huntington Beach is an environmental disaster with far-reaching consequences for our fish and wildlife, for our communities, and for our economy,” said Bonta.Experts have warned the spill probably won’t be the state’s last, with numerous ageing oil rigs offshore.The US senator Alex Padilla of California said: “It is unacceptable that Californians are once again facing the devastating effects of an offshore oil spill. The trade-off between oil production and environmental harm is …
Continue reading …Why it’s high time to move on from ‘just-in-time’ supply chains | Kim Moody
10/10/2021 Comments Off on Why it’s high time to move on from ‘just-in-time’ supply chains | Kim MoodyOpinionSupply chain crisisWhy it’s high time to move on from ‘just-in-time’ supply chains K …
Continue reading …Energy industryWhat caused the UK’s energy crisis?From moves by China and Russia to changes in UK regulation, these are the factors that created the perfect storm Jillian AmbroseTue 21 Sep 2021 01.00 EDTThe UK’s energy system has been plunged into chaos by a perfect storm of market forces which threatens to rip through the economy from home energy suppliers to heavy industry, and from factories to farmers.This has stoked fears that a wave of energy suppliers will collapse, and that households will be saddled with unaffordable bills. As the colder weather draws in, these are the factors shaping the energy crisis.China’s post-Covid bounce backChina’s appetite for energy is always a key driver of global market prices. In 2021 its post-Covid economic ramp-up has coincided with an uptick in demand across Asia and Europe too.As economies begin to recover from the fallout of the pandemic, countries across the northern hemisphere, which experienced a long, cold winter in 2020-21 that depleted gas storage levels, have been left scrabbling to secure supplies.Gas prices in the UK have more than quadrupled over the last year to highs of 180 pence per therm, from around 40p/th this time last year. In the last month alone, prices have climbed by 70%.Market experts at S&P Global Platts said earlier this year that China’s demand for gas was likely to rise to 360 billion cubic metres (Bcm) this year, up 8.4% from an estimated 332 Bcm in 2020. To …
Continue reading …Hitting global climate target could create 8m energy jobs, study says
23/07/2021 Comments Off on Hitting global climate target could create 8m energy jobs, study saysGreen jobsHitting global climate target could create 8m energy jobs, study saysResearchers suggest net increase would mostly occur in renewables sector, with decline in fossil fuels Natalie Grover@
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