CO2

UK to stop funding coal mining abroad

Speaking at a UK-Africa investment summit in London, the UK prime minister Boris Johnson announced that the government will no longer finance coal-mining and coal-fueled power stations in developing countries, in the wake of the adverse effects brought by climate change. 

EIA: US energy-related CO2 emissions to decrease annually through 2021

US EIA forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After decreasing by 2.1% in 2019, energy-related CO2 emissions will decrease by 2.0% in 2020 and again by 1.5% in 2021 for a third consecutive year of declines, EIA forecasts.

IEA: CO2 emissions from fuel combustion reach new heights

After three years of stability, global CO2 emissions from fuel combustion started rising again in 2017, reaching 32.8 billion tons, according to data provided by IEA in late 2019. Provisional data show they grew even faster in 2018.

Natural gas and renewables become more profitable options in Spain

Energy produced at coal-fired thermal stations made up less than 5% of all electricity generated in 2019 in Spain, as natural gas and renewables become more profitable options. According to figures that Red Eléctrica de España (REE), the national power grid operator, advanced to EL PAÍS, the country has dramatically reduced its reliance on coal-fired power, and as a direct result, carbon dioxide (CO2) emissions from electricity generation fell 33.3% in 2019.

Equinor targets to reach zero emissions by 2050

Equinor officially announced its new climate goal to reduce absolute greenhouse emissions from its offshore areas and onshore plants located in Norway. Specifically the company informed that plans to cut the emissions at 40% by 2030, 70% by 2040, and to near zero until 2050.

Moving towards full decarbonization of the industry

In fact, the International Chamber of Shipping (ICS), the European Community Shipowners’ Associations (ECSA), as well as the Spanish Shipowners’ Association (ANAVE) organized an event dedicated to the decarbonization of shipping, during COP 25, the UN Climate Change Conference, in Madrid.

IEA: Using CO2 to create value

IEA published the “Putting CO2 to Use” report focusing on the new opportunities of carbon dioxide use in the development of products and services. Specifically, those opportunities attract governments, industry and the investment community to pay attention in the issue, using CO2 to boost the yields of biological processes.

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