President Xi brought forth an ambitious goal of reaching peak carbon emissions by 2030 and carbon neutrality by 2060. The goal is regarded not just as a de-carbonization goal but also as a driving force to facilitate socio-economic progress. Various strategies were introduced for this...
Climate change, Companies, Oil and Gas / 03.11.2020
Climate change action is escalating the risk of stranded assets for oil and gas companies
Coal mines, oilfields and gas reserves are increasingly losing their value as tighter regulations aimed at tackling climate change already are and will continue to be put in place. Due to this, oil and gas companies are expected to write-off at least half of the...
Climate change, Companies / 01.10.2020
Accelerating Net Zero Carbon Emissions and the risk of cheap talks
More and more companies, cities, regions, countries are committing to becoming carbon neutral, i.e. to balance out the sum of all greenhouse gases put into and taken out of the atmosphere. More companies than ever committed to ambitious climate action at the Climate Week in...
Climate change, Coronavirus, Disinvestment, Mining, Renewables / 31.07.2020
Covid-19 has accelerated the waning of the coal industry
The coal industry is likely to never recover from the heavy blow caused by COVID19, experts said. The modern society’s dependence on coal has been cut loose due to the slash in costs of its greener alternatives and heightened climate activism. Pandemic has accelerated the shift...
Climate change, Industrials, Mining, Oil and Gas / 06.07.2020
Trump continues to weaken environmental regulations during Covid-19 pandemic
Since he became president, Trump has dismantled 100 environmental rules. A drastic accelerator to this law reformation has been put in place during the COVID19 pandemic [caption id="attachment_2625" align="aligncenter" width="892"] Credits: AP Photo/Evan Vucci[/caption] Since the beginning of his mandate as president of the United States, Trump has...