Environment

Originally published on Transport & Environment.By Eoin Bannon Environmental and consumer organizations are pulling out of an EU expert group in protest at the European Commission’s decision to classify destructive forestry practices and highly-emitting types of biomass as sustainable investments. The new rules are not based on climate and environmental science and ignore the recommendations
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It’s an “exciting” time for renewable energy firms because more policymakers around the world have committed to carbon emissions goals, according to Credit Suisse. “I’m feeling fairly bullish on the current market conditions for energy transition beneficiaries,” said Phineas Glover, the investment bank’s Asia-Pacific head of environmental, social and governance (ESG) research. The energy transition
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Rich countries like China and Japan need to stop financing coal-powered plants in poorer nations in the fight against climate change, according to Rachel Kyte, who previously served as special representative of the United Nations secretary-general and chief executive officer of Sustainable Energy for All. Kyte, who is now dean of The Fletcher School at Tufts
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China could stand to benefit economically if it can successfully replace coal with renewable energy, according to a report by financial analytics company TransitionZero. The study looked at the costs, or savings, that the Chinese government would incur if it replaced its existing coal-fired power plants with zero-carbon alternatives. “What we found is China could
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