Tag Archives: EU Emissions

Cost of Climate Change

New emissions targets may sink LNG’s pitch as a shipping fuel

Canada’s National Observer, Local Journalism Initiative Reporter

The fossil fuel and shipping industries just got a serious shot across the bow over relying on liquefied natural gas (LNG) as a transition fuel.

On Friday, the International Maritime Organization (IMO) finalized stricter global emissions standards for the maritime industry while closing a significant regulatory loophole driving up the use of LNG as a shipping fuel.

LNG has lower CO2 emissions than other fossil fuels used in shipping but it also emits significant amounts of methane, a short-lived but powerful greenhouse gas responsible for more than 25 per cent of current global warming.

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Cost of Climate Change

Transition to a low carbon future: Industry and climate groups face off

By John Woodside,  National Observer, Local Journalism Initiative Reporter

As the planet slides into an era of climate breakdown, oil and gas industry groups and climate advocacy organizations in Canada are squaring off to shape the federal government’s just transition strategy.

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Cost of Climate Change

Canada’s climate plans ‘highly insufficient’ in global ranking

By John Woodside, Canada’s National Observer, Local Journalism Initiative Reporter

The independent Climate Action Tracker (CAT) has crunched the numbers on countries’ updated 2030 Paris Agreement targets and found Canada’s “highly insufficient,” pouring cold water on Liberal Leader Justin Trudeau’s campaign emphasis on expert endorsements.

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Energy, Finances

G20 scorecard: continuing to heavily subsidize fossil fuels

When the world met in Paris, in 2009, they signed commitments to adopt “finance flows consistent with a pathway toward low greenhouse gas emissions and climate-resilient development.” A G20 scorecard from the Institute for Sustainable Development finds that the actions of G20 nations contradict this. 

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Energy

The Post COVID Energy World

When the world went into lockdown, the global demand for electricity dropped 20%. By the end of March, 50% of the traffic disappeared from city streets. The demand for fossil fuels evaporated. Coal fired generation has suffered its’ largest drop since World War II. A new International Energy Agency (IEA) report suggests the post COVID energy world could be far more carbon free.

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