Inflation, high interest rates coupled with geopolitical tensions are hindering the ability of countries to move forward with energy transition goals, ESG Dive reports on a JPMorgan Chase report.
The bank is recommending the use of global carbon pricing that it says will help alleviate the burden on governments to subsidize the energy transition.
Microsoft and Brookfield Asset Management are partnering to build 10.5 gigawatts of renewables and Microsoft will back about $10 billion in financing as part of the deal, Financial Times reports.
The ginormous deal is a sign of how tech giants like Microsoft both demand huge quantities of new energy to drive AI data centers and at the same time are looking to meet clean power commitments.
From the Beijing auto show, The New York Times reviews the (highly competitive) state of the Chinese auto industry, which is basically entirely EVs now.
China’s huge lead in EVs is a force the rest of the world will have to reckon with, well beyond figuring out how high to set tariff barriers.
EU regulators are investigating 20 airlines over their potentially “misleading greenwashing practices” including the claimed benefits of offsetting emissions from flying, the FT reports.
Since offsetting is an unregulated practice and anyone can use big words, these kinds of investigations are crucial in keeping airlines accountable and not misleading consumers.
Bloomberg reports how corn-based ethanol producers can claim tax credits for making clean jet fuel from ethanol. The U.S. Treasury said the corn has to be grown using smart agricultural practices.
Crediting producers for growing corn using established conservation practices like no-till farming and planting cover crops is a move that's not just smart, it's climate smart!
The second new nuclear reactor at Vogtle started delivering electricity on Monday, a momentous milestone for the U.S. nuclear industry that also raises questions about its future, E&E News reports.
Vogtle came in billions over budget and many years late, making it a perfect target for nuclear naysayers. The U.S.'s nuclear future is focused on small modular reactors, or SMRS, finds E&E News.
The White House released a permitting reform rule today that will set clear one- and two-year deadlines for completing environmental reviews and establish a unified federal review process.
Crafted with bipartisan input, this rule working in tandem with other recently announced efforts will drastically reduce the permitting times for clean energy projects.
G7 ministers agreed on Tuesday to end the use of coal in power generation during the first half of the 2030s, with a caveat that would allow some countries more room to maneuver, Reuters reported.
The flexibility is for Germany and Japan, which might see the coal plants running longer. Supporters celebrated it as a historic moment, while some NGOs said it was too little too late.
A comprehensive report from Climate Energy Finance concludes that coal use in China’s power sector is likely to peak before 2030, then decline steadily, accelerating the country’s decarbonization.
100 pages long, this is nonetheless the most accessible overview of China’s complex power sector transformation I’ve seen. It concludes that China’s energy transition is gaining momentum.
NPR talks to the entrepreneur behind Make Sunsets to weigh the pro’s and con’s of using geoengineering technology to (temporarily) alter weather.
This startup is getting a lot of attention for its rather rogue ways, but other efforts are underway to more methodically and thoughtfully study the benefits and risks.