Fossil Fuel
What a Donald Trump Presidency Means For Global Action Against Climate Change
Trump’s win comes as a breath of fresh air to the fossil fuel industry. For many climate scientists and activists, it is no longer a question of whether the global climate crisis will get worse but how worse it will get. The new reality highlights the importance of climate multilateralism, where the EU, China and other nations take the lead.
How the 2024 US Presidential Election Might Change America’s Climate Policy
On Nov. 5, US voters will elect Kamala Harris or Donald Trump as their next president. Aside from the global geopolitical stage, the outcome will also significantly impact the world's decarbonisation journey, the prospects of achieving Paris Agreement goals and the efforts to tame the climate crisis.
Are Carbon Offsets a Scam? A Deeper Look
There is growing scrutiny around the legitimacy of carbon credits. Several high-profile carbon credit scams have come to light in the last several years, undermining the trust in the market. However, carbon credits are an essential tool for decarbonisation, and further oversight is necessary to maintain their value.
What is Carbon Credit Fraud? How Does It Impact Climate Action?
Carbon credit fraud undermines the integrity and effectiveness of the carbon credit market, which is crucial for global decarbonisation efforts. Stricter regulations, improved verification processes and greater transparency are needed to ensure the market's role in mitigating climate change.
Why Are Carbon Credits Bad? The Hidden Dangers of Carbon Credits
The carbon credit market is booming, but many experts believe it has several critical failures that reduce credit effectiveness. With foundational changes, the market can navigate these risks and be a valuable tool for decarbonisation.
Does Carbon Offsetting Work?
Carbon offsets are becoming essential to corporate decarbonisation, yet their impact in reducing emissions is highly debated. There is mounting evidence that the environmental benefits of a large portion of offsets sold on the market are exaggerated or worthless. However, with proper oversight and management, offsets can be critical in combatting unavoidable emissions.
The State of Fossil Fuel Funding in 2024: The Biggest Corporate and State Backers
While unbearable heatwaves, catastrophic floods, and other devastating climate impacts are multiplying in frequency and severity, experts reveal that the top 60 largest private banks have provided USD 6.9 trillion to fossil fuels since the Paris Agreement.
Steel Decarbonisation: A Pathway To Development
Decarbonising the steel industry is necessary for global climate goals and hinges on scaling up low-emissions production technologies, like renewable energy-powered EAFs and green hydrogen. An improved policy framework and industry support are critical for this shift.
ASEAN Countries Do Not Yet Have a “Young” Coal Power Plant Problem [Op-Ed]
The recommended pathway to limit the global temperature increase to below 1.5°C is for developed countries to phase out coal power generation by 2030, while developing countries should do so by 2040. Hozefa Merchant shares his view on the challenges of transitioning from coal to clean energy should the region add new coal capacity.
Investors Pulling Out of the Barossa Gas Project Adds to the Uncertainty
Since its announcement, the Barossa gas project has made the news due to legal disputes over its environmental impact, delays, and rising project costs. In the latest blow, prominent investors and financiers are pulling out their support for the project, leaving question marks about the project's future financing and completion.
How Bangladesh and Pakistan Can Survive the Energy Crisis
Fossil fuel import dependence has put Pakistan and Bangladesh in a very similar situation. However, both countries' pathways for salvaging it are also comparable: diversifying their energy mixes with a focus on renewables and reduced reliance on deliveries.
Heavy Industry Companies in China and India Are Lagging On the Just Energy Transition
The latest rankings of Heavy Industry Companies from the nonprofit World Benchmarking Alliance show that companies in Asia’s two largest countries and greenhouse gas emitters, China and India, are failing to implement clean energy and ethical standards compared to their counterparts across the region and the world.
Taiwan’s Tech Companies Can Lead The Energy Transition
Taiwan’s tech companies are struggling to decarbonise. But the opportunity to lead the island nation’s...
How to Decarbonise Transport: A Challenging But Realistic Mission
Decarbonising the transport sector will be challenging, especially in the air and maritime segments. However, progress in road transport shows that bringing technical, commercial and scalability barriers is possible if there is strong policy support.
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