The Government of Canada will not provide fossil fuel subsidies unless they meet one or more of the following criteria:
- Enable significant net GHG emissions reductions in Canada or internationally in alignment with Article 6 of the Paris Agreement.
- Support clean energy, clean technology, or renewable energy.
The World Economic Forum asked 1,200 experts under its annual Global Risks Perception Survey to rank the most severe short- and long-term risks, and they identified the cost-of-living crisis as the most severe immediate risk but saw the failure to mitigate the climate crisis as the biggest risk 10 years from now.
The European Council and the European Parliament reached a provisional political agreement on legislative proposals of the ‘Fit for 55’ package that will allow the EU to reduce its net greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels and to achieve climate neutrality in 2050 while making sure the most vulnerable citizens and micro-enterprises are effectively supported in the climate transition.
International Energy Agency (IEA) IS GOING TO FREE ITS ALL GLOBAL ENERGY DATA, Quantum Commodity Intelligence informed today. This will significantly improve data transparency in the energy sector as the world prepares to reduce dependency on fossil fuels and move towards a low-carbon future.
The proposal still needs to be supported by member countries at the next ministerial meeting to be held 2-3 February.
The largest in the world “direct air capture” (DAC) plant will allow to capture and remove annually from the atmosphere the amount of carbon dioxide equivalent to emissions produced by 870 cars. CO2 is filtered out, mixed with water, and pumped into deep underground wells, where over the course of a few years it turns to stone. The plant was opened in September 2021 in Iceland, and it is operated by the Swiss engineering startup Climeworks.
Around EUR 25 billion have been allocated in energy efficiency investments in buildings from EU funds over the period 2014-2020, while more than half of these fundings (EUR 12.7 billion) have been invested in the public sector, according to the recent JRC report " Financing energy renovations at local and regional levels. European status and good practices".
Source: https://lnkd.in/ghf8kAK9
U.S. primary energy consumption in 2020 was 92.9 Quads, significantly dropping from 100.2 Quads in 2019.
The contribution of renewable energy sources exceeded 12%, while fossil fuels (natural gas, oil, and coal) made up 79%, and nuclear - 9%.
The AR6 Climate Change 2021: The Physical Science Basis, is a result of eight years of hard work of hundreds of experts and peer-review studies. It represents the world’s full knowledge to date of the physical basis of climate change and found that human activity was “unequivocally” the cause of rapid changes to the climate, including sea level rises, melting polar ice and glaciers, heatwaves, floods, and droughts.
Human influence has warmed the climate at a rate unprecedented in at least the past 2000 years
