Global CO2 emissions to peak in 2026
- Energy ,
- Pollution & Waste Management
CO2 emissions from power generation will peak in 2026, and be 4% lower in 2040 than they were in 2016, says Bloomberg New Energy Finance.
Much of this will be due to ‘unstoppable’ renewable energy sources undercutting the majority of existing fossil fuel power stations, with the cost of solar dropping 66% by 2040, and onshore wind by 47%.
In that time, almost three-quarters of the projected $10.2trn (£8trn) investment in new power-generating technology will go towards renewables.
The report highlights how China and India could be a $4trn opportunity for the energy sector, accounting for 28% and 11% of all power-generation investment by the end of the next decade.
In addition, it shows that solar energy is at least as cheap as coal in Germany, Australia, Spain and the US, but will also be less expensive in China, India, Mexico, Brazil and the UK by 2021.
None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.
The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.
Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.
The UK government is not on track to deliver on its promise to improve the environment within a generation and is failing to stem the tide of biodiversity loss, a damning new report from MPs has revealed.
The UK's solar energy capacity must treble over the next decade for the country to achieve net-zero emissions by 2050, but is only set to double under a business-as-usual scenario.
The Taskforce on Nature-related Financial Disclosures (TNFD) has today been launched to support financial institutions and corporates in assessing and managing emerging risks and opportunities as the world looks to reverse biodiversity loss.