SHARM EL SHEIKH, Egypt – US climate envoy John Kerry said Tuesday he spoke with his Chinese counterpart on the sidelines of the UN climate conference COP27, reviving contacts between countries crucial to global efforts to limit greenhouse gas emissions. “We need to talk to each other because we are the two largest economies in … Read more
Less fanfare from companies at this year’s UN climate conference does not necessarily mean that they are scaling back their ambitions for decarbonisation. Business and political leaders from around the world have gathered on the shores of the Red Sea for this year’s Conference of the Parties to the United Nations Framework Convention on Climate … Read more
SHARM EL SHEIKH, Egypt – U.S. climate envoy John Kerry plans to propose a new carbon credit program aimed at increasing funding from companies and governments in wealthy economies to help developing countries cut fossil fuels. Mr. Kerry said in an interview that he plans to make the proposal at the United Nations climate conference … Read more
BRUSSELS – US and European Union environmental policies are on a collision course, prompting an urgent meeting to defuse rising tensions over clean-tech subsidies that threaten to disrupt a trade relationship that leaders had promised to rebuild. A new task force focused on clean-energy tax credits that were included in the US Inflation Reduction Act … Read more
As California expands its efforts to phase out the use of natural gas in homes, the nation’s largest gas utility is trying to reinvent itself for a future where far fewer customers use their core utility. Southern California Gas Co., a unit of Sempra, SRE -0.60% is investigating how to recycle your system – and … Read more
From initial public offerings of electric vehicles to environmental, social and government funds, the possibilities in climate-related investments seem endless. Still, a troubling trend is emerging involving state and local governments’ blanket obligations and their legal climate activism. The same jurisdictions that are suing energy companies for alleged damages due to climate change also state … Read more
PISGAH, Md.—A major player in the credit markets has made one of the biggest U.S. timber purchases in years, making Wall Street’s biggest bet yet on forest carbon markets. The properties spread across 17 eastern states and will be overseen by a unit of environmental marketing firm Anew Climate LLC. Oak Hill joined Anew’s subsidiary … Read more
Modern airliner design dates from the 1950s: a metal tube and swept-back wings with jet engines slung underneath. They get you where you need to go and back. But after decades of research, something completely different could fly you on vacation in the late 2030s. Unconventional designs such as the “blended-wing” shapes now used on … Read more
United Nations Secretariat building in New York. Photo: ANDREW KELLY/REUTERS Humans, the poor ones, continue to disappoint the saviors at the UN, and never more so than on climate change. The global body announced last week that despite all the world’s climate sacrifices and trillions of dollars in renewable energy spending, we are all still … Read more
Sixty-five miles off the coastal Norwegian city of Bergen, a drilling rig is punching through layers of mud and rock below the North Sea. The energy firms behind the rig aren’t prospecting for oil or gas. They are searching for a place to stash vast amounts of the greenhouse gases emitted by industrial facilities across … Read more