The European Union’s Copernicus Climate Change Service releases its annual findings which show that globally 2021 was among the seven warmest on record. Europe experienced a summer of extremes with severe heatwaves in the Mediterranean and floods in central Europe. Meanwhile, global concentrations of carbon dioxide and – very substantially – methane continued to increase.

Today, the Copernicus Climate Change Service (C3S), implemented by the European Centre for Medium-Range Weather Forecasts (ECMWF) on behalf of the European Commission with funding from the European Union, releases new data showing that the last seven years globally were the seven warmest on record by a clear margin.

Copernicus: Globally, The 7 Hottest Years on Record Were the Last 7 | Devamı>>>

The sale of carbon permits through Germany’s national emissions system by the European Energy Exchange (EEX) will begin on 05 October 2021.

The revenue will be used to limit the taxes on the retail electricity sales price to support renewable energy and to compensate for the increased travel costs.

Germany’s emissions trading system; While the carbon dioxide (CO2) emission price is added to the price of gasoline, diesel, heating fuel, coal and gas, Germany, which expects to generate 7.4 billion euros this year, will be increased gradually until 2050.

‘European Energy Exchange’ Starts Carbon Permit Sales on October 5th! | Devamı>>>

Elon Musk says the No. 1 way to decrease carbon dioxide emissions would be to levy a tax on carbon.

“My top recommendation, honestly, would be just add a carbon tax,” Musk told Joe Rogan on The Joe Rogan Experience podcast on Thursday. “The economy works great. Prices and money are just information. … If the price is wrong, the economy doesn’t do the right thing.”

Currently, there is no direct monetary consequence for businesses and industries whose production releases greenhouse gasses into the atmosphere; in other words, it is free to create green house gasses, the most common and pervasive of which is carbon dioxide.

No.1 Way to Decrease Carbondioxide Emissions Would be to Levy a Tax on Carbon | Devamı>>>

Herculean global action to roll back the economic carnage of the coronavirus is about to bump into a new problem: climate change. With as much as $15 trillion in economic stimulus on offer – an unfathomable 17% of global GDP – we’ll see spending on a scale that will affect the earth’s climate no matter what.

Most of the spending is being raised in China, the European Union and the United States, the big three global emitters.

Can Coronavirus Stimulus Get Us Off Fossil Fuels? | Devamı>>>

A planned ‘Future of Europe’ summit of European Union national leaders starting in Sibiu, Romania tomorrow was supposed to chart a course for the EU following Brexit. Instead, with Brexit delayed and in doubt, the summit will be marked by a fierce debate over the EU’s ambition on fighting climate change. And the “b-word” has been banned.

Eight of the 28 EU countries have circulated a paper to national capitals ahead of the summit, leaked to the press, demanding that the bloc commit to phasing out carbon emissions by 2050 and dedicating 25% of the EU’s next long-term budget to projects fighting climate change.

Eight EU Countries Will Demand Decarbonization By 2050 At Sibiu Summit | Devamı>>>

Today, the consensus among leading forecasters is that we can expect continued rapid growth in renewables. Wind and solar power provided 6 per cent of the world’s electricity in 2017, according to the International Energy Agency. By 2040, they are projected to provide 21 per cent in the IEA’s New Policies Scenario, which reflects governments’ announced policies and targets. In the Sustainable Development Scenario, showing a system on track to provide universal energy access while limiting the threat from climate change, they provide 38 per cent.

The Week in Energy: Predicting the Power Shift | Devamı>>>

China added 194 million tonnes of coal mining capacity in 2018, data from the energy bureau showed on Tuesday, despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption.

Total coal mining capacity in the country was at 3.53 billion tonnes per year by the end of 2018, according to a statement from the National Energy Administration (NEA). That compares to 3.34 billion tonnes at the end of 2017.

However, the total amount of coal mines in China declined to 3,373 in 2018 from 3,907 in 2017, the NEA said in the statement, as Beijing has been phasing out small and ineffective coal mines in eastern regions and expanding capacity in the west

The increasing coal capacity has stirred concerns it will undermine efforts to cut the share of coal in total energy use, and that China will be unable to keep its commitment of capping climate-warming carbon emissions by around 2030.

China Boosts Coal Mining Capacity Despite Climate Pledges | Devamı>>>

A transition towards a low-carbon economy is forecast to boost output and employment growth in the EU thanks to a spur in investment in clean energy, according to a new report released on Tuesday. An analysis run by Cambridge Econometrics and EU agency Eurofound’s European jobs monitor calculated that the EU28 GDP would be 1.1 per cent higher by 2030 in case of the Paris Climate agreement was implemented compared to the baseline scenario.

The number of jobs would be boosted by 0.5 per cent over the same period.

Shift to Cleaner Energy Would Nudge Up EU Output, Report Shows | Devamı>>>

A transition towards a low-carbon economy is forecast to boost output and employment growth in the EU thanks to a spur in investment in clean energy, according to a new report released on Tuesday. An analysis run by Cambridge Econometrics and EU agency Eurofound’s European jobs monitor calculated that the EU28 GDP would be 1.1 per cent higher by 2030 in case of the Paris Climate agreement was implemented compared to the baseline scenario.

The number of jobs would be boosted by 0.5 per cent over the same period.

Shift to Cleaner Energy Would Nudge Up EU Output, Report Shows | Devamı>>>

With the Paris Agreement governments agreed that global greenhouse gas emissions need to be net-zero by 2050 to limit global warming to well below 2°C; but current emission reductions efforts fall short reaching this goal, the world is currently on track to 3°C+. The energy and especially the power sector with its fossil fuels coal, oil and natural gas is the dominant source of emissions.

A rapid decarbonization is required to enable emission reductions in all sectors.

Allianz Climate & Energy Monitor 2018 | Devamı>>>