China’s carbon emissions fell almost 8 per cent in the April to June quarter compared with the same period last year, their sharpest decline in the past decade, according to climate research service Carbon Brief. The fall in emissions reflects a dramatic slowing in Chinese economic growth caused by large-scale coronavirus lockdowns and a crisis…
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The significant carbon footprint of Indonesia’s burgeoning nickel processing industry is under scrutiny as the country leverages its hefty supplies of the element crucial to the making of EV batteries, though moves toward renewables are picking up. The south-east Asian nation holds the world’s largest nickel reserves and over the next several years is expected…
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This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Today, I am going to start off with a bit of basketball news. Yes,…
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US utilities are extending the lives of their coal-fired power plants, as delays in obtaining cleaner replacements and strong electricity demand drive fears of shortfalls on the grid. Three coal generators this month joined a growing list of plants whose planned retirement date has been postponed, bringing to at least eight the number of deferrals…
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US utilities are extending the lives of their coal-fired power plants, as delays in obtaining cleaner replacements and strong electricity demand drive fears of shortfalls on the grid. Three coal generators this month joined a growing list of plants whose planned retirement date has been postponed, bringing to at least eight the number of deferrals…
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The holidays are over, the billionaires are back and a private jet in one mogul’s company has just emitted as much carbon dioxide in a single day as the average French car does in a decade. So said a post the other day from “I Fly Bernard”, one of a new breed of social media…
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Er Hu works in an office tower in Chongqing most days. But when forest fires erupted in the south-western Chinese city as it faced the country’s worst drought for decades, the 31-year-old visa consultant grabbed his motorbike and rode to the outskirts to help transport supplies to fight the blazes. “There were 1,000-2,000 firefighters on…
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US climate envoy John Kerry praised China’s efforts at tackling global warming and urged Beijing to resume suspended talks on the issue, even as tensions flare with Washington over the status of Taiwan. China cut off climate talks with the US this month to protest House Speaker Nancy Pelosi’s visit to Taiwan, putting negotiations between…
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Shell chief executive Ben van Beurden has warned that Europe may need to ration access to energy for several years as the crisis confronting the region is likely to last more than one winter. The forecast from the head of Europe’s largest oil and gas company came after further cuts to Russian supplies sent European…
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Financial groups included on a blacklist of companies that Texas considers hostile to fossil fuels have attacked the process as politicised and arbitrary. Texas comptroller Glenn Hegar is implementing a 2021 law that requires state pension and school funds to divest shares they hold in listed financial groups which, in the government’s view, “boycott energy…
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