Germany’s tryst with climate change
According to a research paper released on Monday, extreme heat, droughts, and floods brought on by climate change have cost Germany at least 6.6 billion euros ($6.69 billion) in damages yearly on average, over the past 20 years, with some extreme events pushing costs into tens of billions. According to the Prognos report, conducted by […]
Berlin climate talks – Climate aid, war, and more
Officials from 40 nations gathered in Berlin to discuss maintaining focus while the world deals with the economic effects of the pandemic and the Russia-Ukraine war. In addition, Secretary-General of the United Nations has urged nations to act before we pass the global warming limit of 1.5 Celsius. Before the November United Nations climate summit […]
The U.S. struggling to meet 2030 climate goals
In a recent report on America’s progress, the Rhodium Group found that U.S. emissions would fall 17 percent to 25 percent by 2030 under the current policy. As a result, the nation falls between 1.7 billion and 2.3 billion metric tonnes shy of President Joe Biden’s targets. It would take a mix of new federal […]
Mahindra’s investment in securing EV supplies
India’s Mahindra & Mahindra is looking into a relationship with Volkswagen AG to procure electric vehicle (EV) parts like batteries and motors for its new EV unit, valued at $9.1 billion. Over the following several years, Mahindra intends to introduce five electric sport-utility vehicles (SUVs). By March 2027, these vehicles are anticipated to account for […]
Shell’s investment in carbon credit projects
Shell announced Monday that it has invested $40 million in a Brazilian business specializing in preservation. Carbon credit developer Carbonext produces carbon credits that can be sold. So, while Shell will no longer receive subsidized rates, it will now have access to the company’s carbon market first.More than 2 million hectares (4.9 million acres) of the […]
Emission rules slowing down ships
Many shipping companies are using aging fleets after the ambiguity over the use of fuels that add to greenhouse gas emissions. This may cause older vessels to sail on the slow lane, impacting the shipping capacity. From the start of the following year, all ships are required to calculate their annual carbon intensity depending on […]
Siemens and VW’s investment in Electrify America
Electrify America, LLC – the largest public charging network for electric vehicles, will see support and collaboration from the Volkswagen Group and Siemens. Siemens, with a triple-digit million USD investment through its financing arm Siemens Financial Services (SFS), will become a minority shareholder in Electrifying America. The partnership will see: An investment of $450 million […]
Mexico’s stand on the Audi solar plant
The Mexican environment ministry rejected a crucial environmental permit for a solar power plant owned by the German automaker Audi because it called for a regional review in light of the necessary additional electrical infrastructure. The ministry will review any updated environmental impact statement that Audi submits for the solar facility. As per the ministry, […]
Norway and the EU’s closer cooperation on batteries
Norway, Europe’s second-largest oil and gas exporter after Russia, intends to diversify its industrial base, taking advantage of its access to rare earth, metals, and minerals essential to the continent’s future aspirations for environmentally-friendly batteries. As part of their efforts to combat climate change, Norway and the European Union confirmed close collaboration on battery value […]
Australia’s rising carbon emission levels
Australia’s carbon emission levels have increased by 1% due to increased driving and travel as part of the pandemic recovery. The hike presents a challenge for the new Labor administration, which has strengthened the nation’s climate pledge and aims to reduce emissions by 43 percent from 2005 levels by 2030. Authorities predict the rise to […]
