California’s electric grid manager has advised utility customers to prepare for blackouts on Tuesday, as a blistering heatwave pushed energy systems to the limit. The California Independent System Operator, which co-ordinates the flow of electricity across most of the state, forecast power use of more than 52,000 megawatts late on Tuesday afternoon, a new all-time…
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A blistering heatwave in California is putting record strain on its electric grid, with power managers urging residents to turn up thermostats and turn off appliances to avoid rolling blackouts on Tuesday evening. The California Independent System Operator, which co-ordinates the flow of electricity across most of the state, forecast power use of more than…
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In July last year, EU commissioners set out a range of green policies to put the continent on a path to becoming climate neutral by 2050. “The fossil fuel economy has reached its limits,” said Ursula von der Leyen, the commission president. Little more than a year later, those commissioners are now overseeing tens of…
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The writer is executive director of International Energy Agency As the global energy crisis continues to hurt households, businesses and entire economies worldwide, it’s important to separate fact from fiction. There are three narratives in particular that I hear about the current situation that I think are wrong — in some cases dangerously so. The…
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This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Good morning and welcome to Europe Express. With UK prime minister Boris Johnson on his way out and Liz Truss most likely to succeed him this week,…
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Deadly flooding in Pakistan destroyed homes and decimated crops in what the country’s officials say is an unprecedented climate disaster, affecting an estimated 30mn people or about 15 per cent of the population. About one-third of the country was still submerged on Tuesday when satellite data from the European Space Agency mapped the extent of…
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The writer is a former head of responsible investment at HSBC Asset Management and previous editor of Lex Many are surprised by the recent ESG backlash. Not me. Popular money-spinners draw enemies and worthiness is rarely a shield. Even Mother Teresa copped it now and then. The timing is right too. War, inflation and wobbly markets…
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The governor of Oklahoma, an oil powerhouse that has emerged as a top producer of US wind power, has dismissed new federal green energy incentives as unnecessary even as they promise an investment windfall for his state. Kevin Stitt was one of a group of 22 Republican governors who slammed the Inflation Reduction Act, a…
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The landmark climate law signed by US president Joe Biden last month contains billions of dollars of financial carrots to reward investment in clean energy. The lone stick has been less heralded: a first-of-its kind fee on leaks of methane from the oil and gas sector. Methane traps 80 times more heat in the atmosphere…
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The landmark climate law signed by US president Joe Biden last month contains billions of dollars of financial carrots to reward investment in clean energy. The lone stick has been less heralded: a first-of-its kind fee on leaks of methane from the oil and gas sector. Methane traps 80 times more heat in the atmosphere…
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