Deep beneath your feet is a molten ball of energy the same temperature as the surface of the sun — an immense clean energy source that could power the world thousands of times over, says technologist and climate activist Jamie C. Beard. But how do we tap it? Jamie lays out a surprising solution, and an unlikely alliance, to harvest geothermal energy from the Earth’s core anywhere in the world.
I recently read “The Future of Geothermal in Texas: Contemporary Prospects and Perspectives,” a study conducted by the University of Texas at Austin that assesses the potential for geothermal energy development in Texas. The report provides an overview of the current state of geothermal energy in Texas and identifies key challenges and opportunities for future growth.
With banks retreating from commodities and inventory financing due to market volatility and higher interest rates, hedge funds and other non-bank financial institutions have stepped in to fill the funding gap.
Following up on our latest article covering the passing of the Inflation Reduction Act (“IRA”), we wanted to dive deeper into a specific element of the climate bill that will be crucial for US emission reduction: Carbon Capture.
On August 16th, 2022, President Biden signed into law the Inflation Reduction Act (“IRA”), one of the most ambitious and potentially impactful climate policies in US history. This marks a shift in US climate action and, by putting emissions firmly on a downward trajectory, it sends a global signal that the world’s largest historical emitter is now beginning to meet its responsibilities.
Back in February 2022, EU lawmakers voted to allow Natural Gas to be labeled as a ‘green’ investment, assuming such gas projects replace coal and have plans to switch to renewables or “low carbon gasses” by 2035. On July 5th, that vote was made final. We take a closer look at this controversial decision.
It’s critical that humans conserve marine resources in a sustainable way, yet climate change and the economic exploitation of the oceans have become major threats to the oceans and our own livelihoods. It’s important that we work together to conserve and use the oceans, seas and marine resources for sustainable development.
A new McKinsey & Co study estimates that the global economy needs to invest $9.2 trillion dollars annually to curb emissions and reach net-zero by 2050. That’s at least $3.5 trillion more annually than is currently being invested in low-carbon and fossil fuel infrastructure. These findings suggest that nations and corporations will need to ramp up decarbonization efforts fast.
The COP26 summit is now concluded after two-weeks of negotiations among world leaders to curb climate change. The result of these talks is the introduction of the Glasgow Climate Pact, officially agreed to by nearly 200 national signatories. Some are calling this agreement a success, others a failure, and many say it’s somewhere in between. We outline the key takeaways from the Glasgow Climate Pact so you can decide for yourself.
For nearly three decades, the United Nations has brought together countries and world leaders at global climate summits called COP’s (“Conference of the Parties”) – in an effort to make the issue of climate change a global priority. As the 26th annual COP kicked off this week in Glasgow, countries are expected to update their plans for reducing emissions. Among the main topics to be discussed will be climate finance – local, national or transnational financing drawn from public, private and alternative sources that supports mitigation and adaptation actions to address climate change.