COP27 closes with historic deal on climate change
A historic new agreement that, for the first time, binds governments to provide assistance to the most vulnerable nations to help them cope with the loss and damage caused by growing climate impacts brought the COP27 Climate Summit to a close early on Sunday morning. However, the final agreement, known as the Sharm El Sheikh […]
Coventry set to become UK’s first all-electric bus city
The delivery of 50 new zero emission buses, which are expected to reduce fuel costs and air pollution throughout the city, marked a significant advancement in Coventry’s £150 million aim to become the first all-electric bus city in the UK. The project has also received £50 million in funding from the Department for Transport to […]
World leaders at the COP27
The COP27 Climate Summit concluded early on Sunday morning with an accord hailed as both a significant advancement and a massive letdown. Among the world leaders present were Sameh Shoukry, the president of COP27, Simon Stiell, the executive director of the UNFCCC, Antonio Guterres, the secretary general of the UN, Alok Sharma, the president of […]
Slow progress at the COP27 climate talks
As this year’s U.N. climate summit in Egypt got underway, tensions were starting to rise as negotiators fretted about working out a solution by the summit’s scheduled end date. There are many requests for COP27, but much progress has yet to be made on the technical aspects of carrying out agreements and commitments made in […]
Pemex to work with EPA to reduce methane emissions
In order to achieve ambitious international commitments, the Mexican government-owned oil corporation Pemex said it would collaborate with the American Environmental Protection Agency (EPA) to cut greenhouse gas emissions, particularly methane. Pemex (PEMX.UL) announced that it would create and implement a plan in the first half of 2019 to help reduce these emissions with technical […]
U.S. investing in Indonesia carbon capture
U.S. President Joe Biden announced a variety of investments in Indonesia in areas including food and climate security, including a $2.5 billion carbon capture deal between ExxonMobil and the government-owned energy firm Pertamina. The deal between ExxonMobil and Pertamina would help evaluate the creation of a regional carbon capture and sequestration hub in Indonesia, according […]
WTO on the use of low-carbon technologies
The development of low-carbon technologies is the most practical way to achieve significant emissions reductions without lowering living standards in richer countries and harming development prospects in poorer ones, according to the World Trade Organization’s (WTO) World Trade Report 2022, which was released at the COP27 climate summit in Egypt. The WTO has the opportunity […]
Raising funds for climate-vulnerable nations
According to reports, billionaires play a large role in funding polluting businesses with calls growing for a wealth tax to raise money for nations facing climate crisis. According to a report by Oxfam, this could bring in $1.4 trillion annually for developing economies. The funds raised will be used for: Loss and damage due to […]
COP27 agenda finalized
After country delegations agreed on the formal agenda for the fortnight-long negotiations and more than 100 world leaders arrived in Sharm El Sheikh to attend the high-level leaders’ section of the talks, the COP27 Climate Summit got off to a generally positive start. Agendas included in the official negotiations include: Loss and Damage for developing […]
Nikola collaborating with KeyState for hydrogen supply
Nikola Corp announced that it is collaborating with KeyState Natural Gas Synthesis to establish Pennsylvania’s first low-carbon hydrogen production supply chain. Nikola, on the other hand, stated that it was working on a definitive agreement with the hydrogen producer to increase the supply for Nikola’s fuel-cell electric vehicles. This collaboration will: Under the Inflation Reduction […]
