US John Kerry speaks during the 2023 Our Ocean Conference, in Panama City, Panama. Photo credit: Reuters / Aris Martinez. By Anders Lorenzen As a part of a landmark oceans agreement, the US has pledged $6 billion to protect oceans alongside tackling climate change. Announced by US climate envoy John Kerry, the country’s commitment includes a total of 77 different […]
Africa A solar farm in Western Cape, South Africa. Photo credit: Reuters / Esa Alexander. By Anders Lorenzen Countries in the African continent could be about to receive a solar investment boost which will contribute to unlocking the huge solar potential of the continent. A new investment fund worth €87.5 million will finance solar power production across the continent with […]
finance A busy train station in Sao Paulo, Brazil. Reuters / Amanda Perobelli. By Anders Lorenzen The credit ratings agency Moody’s has warned that climate impacts in South America could cost the continent nearly a fifth of its gross domestic product (GDP) by the end of this century unless new policies are implemented to curb the impacts of climate change. […]
Photo credit: IRENA. By Anders Lorenzen The world invested a record-high amount in renewables in 2022, a report from the International Renewable Energy Agency (IRENA) has found. It revealed that the global investments in renewable energy as well as energy efficiency reached $ 1.3 trillion in 2022 – this is up a whopping 19% compared to 2021 levels. The report […]
A man and a girl use a makeshift raft as they cross a flooded street, following rains during the monsoon season in Hyderabad, Pakistan on August 24 the 24th 2022. Photo credit: Reuters / Yasir Rajput. By Anders Lorenzen As the amount of climate-fueled extreme weather events increase, attention has turned to mitigating the consequences through insurance. In 2022 extreme […]
Photo credit: Reuters / Peter Andrews. By Anders Lorenzen The price of carbon pollution in the EU is nearing record-high levels. In the EU’s carbon market, EU ETS, the cost of emitting a tonne of CO2 on Monday the 20th of February, became close to breaching 100 euros at 98.30 euros. Forecasts of cool weather and expectations of lower wind […]
Prelude FLNG, Shell’s floating LNG facility.Photo credit: Shell. By Anders Lorenzen The green credentials of the oil and gas giant Shell are again under scrutiny as its fossil fuel arm has declared a huge 2022 profit. The surge in energy prices, much of it a result of Russia’s invasion of Ukraine, has seen the Anglo-Dutch company take its annual profits […]
Participants of the World Economic Forum (WEF) 2023 are seen in a hall at Davos Congress Centre. Photo credit: Reuters / Arnd Wiegmann. By Anders Lorenzen A survey carried out ahead of the annual Davos gathering in the lucrative alpine resort in Switzerland, which aims to ‘focus on the state of the world and the challenges ahead’, concluded that […]