UN Flags 127 Major Climate-Warming Methane Plumes This Year

[ad_1] DUBAI (Reuters) – A United Nations-led effort to use space satellites to detect methane leaks from fossil fuel infrastructure has alerted governments to 127 major methane plumes across four continents since its launch at the start of this year. Methane is a potent greenhouse gas, with 80 times the warming power of carbon dioxide … Read more

Ethereum Blockchain Produced Equivalent of Honduras’ Annual Emissions Before Upgrade

[ad_1] LONDON(Reuters) – The Ethereum blockchain’s historical greenhouse gas emissions before a major software upgrade last year were equivalent to the yearly emissions of Honduras, a University of Cambridge study showed on Friday. Blockchains – the digital ledgers that underpin cryptocurrencies – typically consume large amounts of energy as they produce coins and process transactions, … Read more

World to Hit 1.4C of Warming in Record Hot 2023

[ad_1] DUBAI (Reuters) – With a month to run, 2023 will reach global warming of about 1.4 degrees Celsius (2.5 Fahrenheit) above preindustrial levels, adding to “a deafening cacophony” of broken climate records, the World Meteorological Organization (WMO) said on Thursday. The WMO’s provisional State of the Global Climate report confirms that 2023 will be the … Read more

Two US Projects Highlight Divide Over Carbon Removal’s Role in Climate Fight

[ad_1] (Reuters) – In Texas, oil and gas producer Occidental Petroleum is constructing a giant facility to suck 500,000 tonnes of carbon dioxide out of the atmosphere annually to keep it from warming the climate, a project backed by hundreds of millions of dollars from investment firm BlackRock. In Louisiana, a consortium of companies that … Read more

Explainer-What Is Alberta’s Sovereignty Act?

[ad_1] (Reuters) – Alberta’s conservative Premier Danielle Smith has said she will put the Canadian province’s Sovereignty Act into motion on Monday to challenge the federal government’s requirement for a net-zero electricity grid by 2035. Smith’s United Conservative Party government plans to introduce a resolution in the provincial legislature, marking the first use of one … Read more

Explainer-What’s the Plan for This Year’s COP28 Climate Summit?

[ad_1] (Reuters) – Following a year of record heat and drought, this year’s U.N. climate summit will feature a contentious set of issues for countries working to find common ground in tackling climate change, including whether to phase out fossil fuels and how to finance the energy transition in developing countries. Here are the key … Read more

Analysis-China Turns to Households in Fight to Slash Carbon Emissions

[ad_1] By David Stanway and David Kirton SHENZHEN, China (Reuters) – At a gleaming new metro station on the edge of Shenzhen, the local government is promoting “carbon coins” to commuters to earn and trade for shopping vouchers and travel cards in a push to get households to join China’s fight against climate change. The … Read more

Brazil to Propose Mega Fund to Conserve Forests at COP28 Climate Summit

[ad_1] By Jake Spring and Lisandra Paraguassu SAO PAULO (Reuters) – Brazil plans to propose a “huge” fund to pay for the conservation of tropical forests at the United Nations COP28 climate change summit that begins later this month in Dubai, the country’s top climate negotiator said on Thursday. That potential financing mechanism, not previously … Read more

Explainer-Climate Activists, Companies Lawyer up for Courtroom Battles

[ad_1] DUBAI (Reuters) – As global temperatures and emissions climb, people are increasingly turning to courtrooms to challenge fossil fuel companies’ activities, leading to wins on issues like “climate-washing” but also backlash as companies file countersuits. In the last five years, the number of climate-related court cases that have been filed around the world more … Read more

Explainer-Why Carbon Capture Is No Easy Solution to Climate Change

[ad_1] (Reuters) – Technologies that capture carbon dioxide emissions to keep them from the atmosphere are central to the climate strategies of many world governments as they seek to follow through on international commitments to decarbonize by mid-century. They are also expensive, unproven at scale, and can be hard to sell to a nervous public. … Read more