The IEA report published on Tuesday
says almost 90% of new electricity generation in 2020 will be renewable,
with just 10% powered by gas and coal. The trend puts green electricity
on track to become the largest power source in 2025, displacing coal,
which has dominated for the past 50 years.
Tag Archives: world
Wealthy Countries Fall Short on $100-Billion Annual Climate Fund Promise – The Energy Mix
The international NGO’s 2020 Climate Finance Shadow Report concludes that only $59.5 billion in climate finance was delivered to under-resourced nations in the 2017-2018 period. And 80% of that took the form of loans, not grants, writes Climate Home News.
Adding insult to the injury of having to repay monies spent on protecting themselves from a crisis they played little role in creating, the climate finance often took the form of “investment in projects with weak climate credentials.”
With global methane emissions rising sharply, by 32% so
far this year despite the pandemic-driven recession, the European Union
may consider mandatory emission standards for oil and gas imports that
would push fossils to report and repair leaks of the climate-busting
greenhouse gas.
far this year despite the pandemic-driven recession, the European Union
may consider mandatory emission standards for oil and gas imports that
would push fossils to report and repair leaks of the climate-busting
greenhouse gas.
“Comparing the first eight months of 2019 to the same
period in 2020, the Paris-based firm Kayrros said methane leaks from oil
and gas industry hot spots climbed even higher in Algeria, Russia, and
Turkmenistan, growing by more than 40%,” the Washington Post reports,
with the United States, Iran, and Iraq also showing up among the biggest
contributors by volume. That’s a problem because methane is 84 times
more potent a greenhouse gas than carbon dioxide over the 20-year span
when humanity will be scrambling to get the climate crisis under
control.
Natural disasters surge in past 20 years, likely to continue to wreak havoc: U.N.
Leave a reply
Heatwaves and droughts will pose the greatest threat in the next decade, as temperatures continue to rise due to heat-trapping gases, experts said.
China (577) and the United States (467) recorded the highest number of disaster events from 2000 to 2019, followed by India (321), the Philippines (304) and Indonesia (278), the U.N. said in a report issued the day before the International Day for Disaster Risk Reduction. Eight of the top 10 countries are in Asia.
Some 7,348 major disaster events were recorded globally, claiming 1.23 million lives, affecting 4.2 billion people and causing $2.97 trillion in economic losses during the two-decade period.
Source: Natural disasters surge in past 20 years, likely to continue to wreak havoc: U.N. | Reuters
A report released last week by climate campaigners at Berlin-based Urgewald shows the agency handing US$2 billion to fossils over the last two years, and $12 billion since the Paris Agreement was adopted in 2015, Bloomberg Green reports, with most of the money supporting new projects.