Tag

Renewables

All articles tagged with #renewables

environment1 day ago•7 min saved

BHP’s climate push stalls as leaked memos reveal delays to WA decarbonisation plans

Leaked internal BHP documents reviewed by the Guardian and ABC’s Four Corners show the world’s biggest miner has slowed or shelved major decarbonisation efforts in Western Australia’s Pilbara, including canceling a 50MW solar farm and 20MW battery at Jimblebar and delaying a nearly 500MW renewables project, with funding pushed to 2031 or later and options floated to postpone electrifying trucks and rail to 2035–2040 or take no action. Despite public commitments to reduce emissions, the company cites technology readiness as the constraint while facing shareholder pressure and criticism from climate groups urging faster action.

via The Guardian|

#bhp #climate #decarbonisation

business17 days ago•34 min saved

America First, Corporate Casualties: The Hidden Toll on U.S. Firms

Catherine Rampell argues that the Trump administration’s America First agenda has harmed U.S. firms—from paying developers to halt wind and solar projects to tariffs that raise costs and trigger bankruptcies—creating an ‘America First’ corporate graveyard across energy, manufacturing, farming, and consumer brands like Spirit Airlines, QVC, and Joann Fabrics.

via thebulwark.com|

#america-first #bankruptcies #business

business18 days ago•5 min saved

Iran War Sparks Billions in Profits Across Oil, Banks and Defense

The Iran war and Hormuz disruptions have boosted energy volatility and prices, lifting profits for European oil majors (BP, Shell, TotalEnergies) and boosting bank trading revenues; defense contractors report strong demand and backlogs as governments replenish stocks. Renewables firms like NextEra, Vestas and Orsted benefit from a push toward cleaner energy, with solar, heat pumps and EV demand rising as households face higher fuel costs.

via BBC|

#banks #business #defence

business21 days ago•2 min saved

Oil price shock accelerates as Hormuz tensions flare

Oil markets brace for a sharper price shock as tensions in the Strait of Hormuz escalate, with Brent around $114/bbl and U.S. gasoline near $5/gal, while forecasters lift price projections and refined-product shortages loom across regions; industry players tilt toward renewables and domestic energy, and investors sunk a record April into green ETFs, underscoring a shift even as the market waits for the full impact.

via Semafor|

#business #energy #geopolitics

world22 days ago•9 min saved

Global coalition charts fossil-free future as geopolitics shift

At a Santa Marta summit, 59 governments agreed to develop roadmaps to end fossil-fuel dependence, launching a 'coalition of the willing' to accelerate a renewables-led transition amid volatile oil markets and a polarized US stance on climate; experts say the war in Iran is unexpectedly boosting renewables, with the IEA noting lasting changes to energy markets, though the UN process remains weak and major emitters are largely absent; the group plans annual meetings with Indigenous leaders and scientists to maintain momentum outside official climate talks.

via The Guardian|

#climate-change #energy-transition #fossil-fuels

world23 days ago•4 min saved

Iran tensions push the world toward a faster renewable energy pivot

Amid rising energy prices and Iran tensions, the article argues the crisis is accelerating a global pivot from oil and gas to renewables, with surging EV and solar adoption (notably in India and Korea), energy-security shifts (UAE exits OPEC, Vietnam weighs renewables over LNG), and a geopolitical realignment that may outlast the current crisis, even as US policy under Trump slows clean-energy progress.

via The Guardian|

#energy-transition #geopolitics #iran-us-relations

world24 days ago•9 min saved

Santa Marta's Climate Talks Signal Break with Fossil Fuels

Colombia hosts the first conference on transitioning away from fossil fuels in Santa Marta, launching a bottom-up process to draft national roadmaps for phasing out coal, oil and gas in favor of renewables. The gathering aims to mobilize science, civil society and parliamentarians to accelerate decarbonisation, signaling a potential lasting shift in global energy—though progress hinges on financing, political will and overcoming entrenched fossil-fuel interests and domestic expansion.

via The Guardian|

#climate-change #energy-security #fossil-fuels

world26 days ago•5 min saved

Global Drive to Cut Fossil Fuels Takes Center Stage in Colombia

In Santa Marta, Colombia, ministers and officials from more than 50 countries gather for the First Conference on Transitioning away from Fossil Fuels, urging a rapid shift from oil, gas and coal to cleaner energy for climate action and energy security. The two‑day talks are expected to produce policy proposals rather than binding commitments, with discussions focusing on subsidies reform and financing, while major emitters like the US, China, and India, and oil‑rich Gulf states, are not attending. The conference aims to build political momentum ahead of forthcoming global climate negotiations.

via Euronews.com|

#climate #colombia #energy-independence

technology27 days ago•2 min saved

Iran War Triggers a Global Solar Surge, Boosting China’s Export Engine

Despite oil disruptions from the US-Iran war, a surge in China’s solar exports—68 GW in March—drives a global solar boom, with 55 countries setting all-time records and Africa and Asia showing strong demand; the piece notes the irony of boosting renewables and China while Trump has opposed both, and it raises questions about China’s solar overcapacity and whether current demand can absorb it.

via Futurism|

#china #overcapacity #renewables

world29 days ago•313 min saved

Iran conflict accelerates global shift to clean energy, with China set to gain most

War in Iran disrupts oil shipments and lifts price volatility, pushing countries toward renewable energy; China, already dominant in solar, batteries, and EVs, stands to gain the most as Ember data show record March solar exports and a surge in EV demand, while Asian nations push energy conservation to weather the shocks.

via CNN|

#china #energy #iran

world1 month ago•3 min saved

Global science panel to accelerate the fossil-fuel exit

Global experts launch a science panel to help countries accelerate departing from fossil fuels, as the Santa Marta climate action meeting unveils a Colombian roadmap for an energy transition aligned with 1.5C goals, including a projected 90% fossil-fuel reduction by 2050 and long-term economic benefits, contingent on sufficient investment and knowledge transfer.

via The Guardian|

#climate-policy #energy-security #energy-transition

climate1 month ago•5 min saved

From Frustration to Framework: Global Push to End Fossil Fuels Launches in Colombia

Colombia and the Netherlands host the world’s first Transitioning Away from Fossil Fuels conference in Santa Marta (April 24-29), uniting 54 governments and civil society to outline national roadmaps for phasing out fossil fuels. Not a UN COP and not a binding agreement, the summit aims to coordinate diverse efforts, mobilize finance and debt relief for developing countries, and publish a scientist-led report to guide action as renewables expand and oil prices rise amid geopolitical tensions. Major emitters like China and the US are absent, but the gathering seeks a practical blueprint to accelerate the energy transition despite fossil-fuel inertia and potential climate tipping points.

via The Guardian|

#climate #climate-policy #cop

energy1 month ago•23 min saved

EU Deploys Emergency Measures as Energy Price Shock Deepens

Facing a fresh energy-price shock tied to the Iran war, the European Commission unveiled emergency steps to coordinate jet fuel, diesel and other transport fuels, bolster refining capacity, and launch a Fuel Observatory to monitor stocks and prevent shortages, while shielding households and energy-intensive industries; long-term goals include accelerating a homegrown, renewables-led energy transition and electrification to reduce dependence on imported fossil fuels after Europe spent about $28 billion on energy imports since the crisis began.

via Crude Oil Prices Today | OilPrice.com|

#energy #energy-crisis #energy-security

world1 month ago•11 min saved

Global fuel shocks push 53 nations toward a fossil-fuel phaseout

Fuel shocks driven by the Iran-Israel conflict and the Strait of Hormuz disruption have intensified a global energy crisis, prompting more than 50 nations to meet in Colombia to explore a standalone treaty that winds down coal, oil, and gas while protecting workers and financial systems. The crisis also highlights the decarbonization shift as solar, wind, and battery costs fall dramatically, accelerating EV adoption and electrification—with the EU, South Korea, France, and Pacific island nations pushing renewables and reduced fossil dependence amid rising diesel bills for the islands. The talks could mark a social tipping point in how quickly the world accelerates climate action.

via The Conversation|

#electric-vehicles #energy-crisis #fossil-fuel-phaseout

energy1 month ago•41 min saved

Renewables Overtake Coal to Lead Global Power Mix in 2025

Renewables became the world’s largest electricity source in 2025, led by a record solar surge and wind gains that pushed coal’s share below one-third for the first time. Fossil-fuel generation still rose with demand, but the clean-power boom is tipping the global power mix away from coal, aided by falling battery costs and EV-driven oil displacement, with Asia remaining the last region where coal still dominates.

via Carbon Brief|

#coal #electricity #energy