Climate Goals in Peril, But IPCC Sees Hope in Renewables

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

The UN Intergovernmental Panel on Climate Change (IPCC) has issued stark warnings about the changing climate in its latest landmark report, which is bound to influence decision-making by the energy industry, governments and financial institutions. The message: the time to tackle the climate crisis is fast running out, and on its current path the world could overshoot the goal of limiting global warming to less than 1.5ºC this century. Greenhouse gas emissions are "at the highest levels in human history," Jim Skea, co-chair of Working Group 3, which prepared the report, told a press conference. "Emissions in 2019 were about 12% higher than they were in 2010 and 54% higher than in 1990. So we are definitely not on track to limit warming to 1.5ºC."

Carbon Capture (CCS), Low-Carbon Policy, Renewable Electricity , Electric Vehicles, Biofuels (incl. SAF), Nature-Based Solutions, Policy and Regulation
Wanda Ad #2 (article footer)
Reaching net-zero emissions remains achievable, with solar and electric cars helping greatly, but political conflicts are standing in the way, finds the International Energy Agency's updated net-zero scenario.
Wed, Sep 27, 2023
Developers, financers and other stakeholders are stressing the importance of long-awaited guidance from the US Treasury on landmark hydrogen tax incentives.
Tue, Oct 3, 2023
The French major avoided surprises at its latest investor day, but rolled out updates on its energy transition strategy and push to boost returns from green electrons.
Tue, Oct 3, 2023