News About Global Energy Industry
June 16, 2025
Germany's Munich Re withdraws from climate initiatives

Frankfurt, Germany (AFP) June 6, 2025
German reinsurance giant Munich Re said on Friday it had withdrawn from several climate alliances but insisted that it would keep pursuing green targets independently. It is the latest sign that major firms are going cold on such initiatives, amid concerns about their effectiveness and growing political opposition in the United States and elsewhere. Munich Re said it had pulled out of the UN-backed Net Zero Asset Owner Alliance, the Net Zero Asset Managers Initiative, Climate Action 100+ and the ... read more
Nickel rush for stainless steel, EVs guts Indonesia tribe's forest home
Lelilief Sawai, Indonesia (AFP) June 4, 2025
Bokum, one of Indonesia's last isolated hunter-gatherers,has a simple message for the nickel miners threatening his lush jungle home: "This is our land." ... more
EU climate investments lagging 'well below' target: report
Brussels, Belgium (AFP) June 3, 2025
Climate investments in the 27-nation EU are still far below what is needed to transition away from fossil fuels, a new report warned Tuesday, spotlighting lagging investments in wind power and building renovation. ... more
Key climate target of airline decarbonisation 'in peril': IATA
New Delhi (AFP) June 1, 2025
The airline industry's flagship goal of decarbonising by 2050 is now "in peril" due to climate-sceptic policies, including those of US President Donald Trump, the leading airline association IATA warned on Sunday. ... more
EU says 'well on track' to reach 2030 climate targets; France pushing for 'China-EU leadership' on climate
Brussels, Belgium (AFP) May 28, 2025
The European Union is on track to reach its 2030 climate targets, Brussels said on Wednesday, but uncertainty remains over the bloc's ambitions to cut greenhouse gas emissions much further by 2040. ... more
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EU parliament backs carbon border tax exemption
Brussels, Belgium (AFP) May 22, 2025
The European Parliament on Thursday overwhelmingly voted in favour of exempting small firms from the EU's carbon border tax rules as part of a broader effort to cut administrative burdens for companies. ... more
Does renewable energy reduce fossil fuel production in the US?
University Park PA (SPX) May 21, 2025
Increasing renewable energy may not reduce the use of fossil fuels in the United States, according to a study by Ryan Thombs, assistant professor of rural sociology in Penn State's College of Agricu ... more
Death knell for EU's brand-new green business rules?
Brussels, Belgium (AFP) May 20, 2025
Nearly half a decade in the making, a landmark set of new EU environmental and human rights rules for businesses may be dead in the water as Brussels faces pressure to put economic growth first. ... more
India steel plans threaten global emissions goals: report
Bangkok (AFP) May 20, 2025
India's plans to massively expand coal-based steel and iron production threaten global efforts to reduce the sector's carbon emissions, a key contributor to climate change, a report said Tuesday. ... more
China Must Ramp Up Wind and Solar for 2035 Climate Targets
Los Angeles CA (SPX) May 19, 2025
China must generate over half of its electricity from wind and solar by 2035 to align with international climate goals, according to a new study by the University of California San Diego. The resear ... more
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China first-quarter emissions fell despite rising power demand
Beijing (AFP) May 15, 2025
China's emissions fell in the first quarter of 2025 despite rapidly growing power demand thanks to soaring renewable and nuclear energy, a key milestone for world's top emitter, analysis showed Thursday. ... more
China first-quarter emissions fell despite rising power demand
Beijing (AFP) May 15, 2025
China's emissions fell in the first quarter of 2025 despite rapidly growing power demand thanks to soaring renewable and nuclear energy, a key milestone for world's top emitter, analysis showed Thursday. ... more
EU targets conservation red tape to speed up renewables permits
Brussels, Belgium (AFP) May 13, 2025
The EU is looking to speed up permitting for new renewables projects from years to months by cutting conservation-linked red tape, the bloc's energy chief said in remarks published Tuesday. ... more
UK lab promises air-con revolution without polluting gases
Cambridge, United Kingdom (AFP) May 12, 2025
The soft, waxy "solid refrigerant" being investigated in a UK laboratory may not look very exciting, but its unusual properties promise an air-conditioning revolution that could eliminate the need for greenhouse gases. ... more
Indians buy 14 million ACs a year, and need many more
New Delhi (AFP) May 12, 2025
Aarti Verma is about to join the growing ranks of Indians installing air conditioning, scraping together savings to secure relief from sometimes deadly temperatures that can reach nearly 50 Celsius. ... more
How can India decarbonize its coal-dependent electric power system?

Boston MA (SPX) May 12, 2025
As the world struggles to reduce climate-warming carbon emissions, India has pledged to do its part, and its success is critical: In 2023, India was the third-largest carbon emitter worldwide. The Indian government has committed to having net-zero carbon emissions by 2070. To fulfill that promise, India will need to decarbonize its electric power system, and that will be a challenge: Fully 60 percent of India's electricity comes from coal-burning power plants that are extremely inefficient. To mak ... read more
World's richest 10% caused two thirds of global warming: study
Paris (AFP) May 7, 2025
The world's wealthiest 10 percent of individuals are responsible for two thirds of global warming since 1990, researchers said on Wednesday. ... more

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Finland says supports EU goal to cut emissions 90 percent by 2040
Helsinki (AFP) April 29, 2025
Finland's Climate and Environment Minister said Tuesday that the Nordic country was endorsing an EU target to cut net greenhouse gas emissions by 90 percent before 2040. ... more
How can an electricity network go down in five seconds?
Paris (AFP) April 29, 2025
General power outages like the one that hit Spain and Portugal this week can have multiple causes but the blackout highlighted how vulnerable the regional system on the Iberian peninsula can be. ... more
Gunmen attack Chinese-owned power plant site in Chile
Santiago (AFP) April 21, 2025
Gunmen attacked a Chinese-owned hydroelectric plant under construction in Chile Sunday, setting fire to dozens of trucks and heavy earth-moving equipment, police said. ... more
UN, Brazil to hold virtual summit Wednesday ahead of COP30
United Nations, United States (AFP) April 21, 2025
Brazil's president will co-host a virtual summit Wednesday with UN chief Antonio Guterres to discuss strengthening climate action ahead of the COP30 meetings in the Amazon, a UN spokesman said. ... more
Puerto Rico's power plants go offline, leading to widespread island blackout
Washington DC (UPI) Apr 16, 2025
Every power-generation facility in Puerto Rico unexpectedly went offline Wednesday afternoon, which caused an island-wide blackout, but many have had their power restored. ... more
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