net zero emissions News

Contentious COP29 Deal Shows Climate Cooperation Fraying at Edges

When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted …

Global CO2 Emissions to Hit Record High in 2024, Report Says

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate extremes, scientists said on Wednesday. The Global Carbon Budget report, …

UN Climate Chief Warns of Looming ‘Trainwreck’ as 1.5C Warming Limit in Doubt

The world is on course to miss a target for cutting emissions this decade by an overwhelming amount, new UN analysis shows, meaning more dangerous global warming is likely. Total emissions of CO2 into the atmosphere in 2030 will only …

Global Emissions Likely Have Peaked as Renewables Take Hold

The world is choking from emissions more than ever, but that trend is set to reverse starting next year as the cost of solar panels and batteries crowd out coal and stunt the growth of oil, a new report says. …

Shell, Equinor, TotalEnergies Open CO2 Storage Facility in Norway

Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and ready to receive CO2, with its first deliveries expected next year. Carbon capture and storage (CCS) has long been …

A $9.5 Trillion Investor Group Unveils Milestone Emissions Cuts

Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance, whose signatories …

Methane Emissions Still Rising After Pledges to Curb Pollution

Methane releases from some of the world’s major fossil fuel hubs are continuing to rise, as key polluters make little progress on pledges to curb the potent greenhouse gas. Emissions of the gas across 13 large fossil fuel basins in …

Environmental Group Sues Tyson Foods for Alleged False Climate Claims

An environmental group is suing Tyson Foods for allegedly misleading consumers by saying it will reach net-zero emissions by 2050 and marketing climate-friendly beef without meaningful plans to achieve those goals. The suit was filed on Wednesday by the Washington-based …

Norway Seeks to End Climate Injunction Against 3 Oilfields

Norway’s government will ask an appeals court on Wednesday to lift injunctions against developing three oil and gas fields, part of a wider effort by Oslo to overturn an earlier verdict invalidating their permits on environmental grounds. A lower court …

Update: EU Faces 2 Lawsuits Over Emissions Rules, ‘Green’ Label for Planes

Environmental campaigners have taken the European Commission to court, seeking to force Brussels to upgrade its emissions rules for 2030 and, in a second case, scrap rules that label some planes as climate-friendly investments. In a case before the Court …