Carbon Tracker

Financial specialists making climate risk visible to financial markets. #EnergyTransition #Renewables #FossilFuels #StrandedAssets #COP27

Website: https://carbontracker.org/
LinkedIn: https://www.linkedin.com/company/carbon-tracker/
Twitter: https://twitter.com/CarbonBubble

Public Key

npub1cyp6rfr6ekjetfwe00persca40398untgsg5lq0dmxtrp56dcydss396ez

NIP-05 Address

carbonbubble_at_mastodon.energy@momostr.pink

Profile Code

nprofile1qqsvzqap53avmfv45hvhhsu3cvw6hcjn7f45gy20s8kan93s6dxuzxc9u857d

Author Public Key

npub1cyp6rfr6ekjetfwe00persca40398untgsg5lq0dmxtrp56dcydss396ez

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Last Notes

2024-08-09 09:05:01

Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly for commercial properties & residential landlords https://buff.ly/46B86pT 🌊 ⚠️

2024-08-08 14:05:01

Extreme #wildfires, the kind that killed more than 130 people in Chile earlier in 2024, now happen twice as often & are doubly destructive compared with two decades ago. #FossilFuel emissions have risen by more than 1/3 over the same period https://buff.ly/4fFqim7

2024-08-08 10:05:01

Italy 🇮🇹 passed legislation on Wednesday to streamline approval for renewable energy projects, as part of a drive to boost green power production & meet Italy's decarbonisation goals. Meloni's govt has committed to increase solar capacity by 50 GW by 2030 https://buff.ly/3AfwZvf

2024-08-08 07:35:00

A Virgin advert for the world's first transatlantic flight to be 100% powered by so-called 'sustainable aviation fuel' (SAF) has been banned, after the UK Advertising Standards Agency (ASA) said it was misleading https://buff.ly/3SHOdYl

2024-08-06 14:55:04

The IEA & OPEC were once closely aligned on energy forecasts, but now have vastly different views on the future of oil. IEA think the world will reach peak oil in 2029, at ~105.6 mbpd. The OPEC cartel see no peak, with oil use rising to 116 mbpd+ in 2045 https://buff.ly/3X36SAF
https://sfo3.digitaloceanspaces.com/cdn.mastodon.energy/media_attachments/files/112/915/651/122/813/287/original/e6a579969f6292a2.png

2024-08-05 20:45:01

The housing crisis in many parts of the US could get worse thanks to wildfires fueled by #climatechange. https://buff.ly/3AdfdIQ

2024-08-05 18:15:01

What do the recent earnings call from some of the major oil companies tell us about their commitment to #renewableenergy and climate targets? https://buff.ly/4fAu28o

2024-08-05 14:25:01

The UK Serious Fraud Office has charged Glencore’s billionaire ex-head of oil Alex Beard & 4 other fmr execs with conspiring to make corrupt payments after a long-running investigation into allegations of bribery by the UK-listed commodity trader in Africa https://buff.ly/3A8j9e2

2024-08-05 09:45:01

Decarbonising electricity by 2030 requires what transmission companies describe as a “colossal” investment in power grid upgrades - The UK will need to install 5x as many pylons & underground lines in the 6 years to 2030 as it has in the past 30 years https://buff.ly/3ysAaiA

2024-08-02 15:17:01

If we want to reach our #climate targets, #methane emissions need to go down. However, it appears their levels are higher than we ever thought. https://buff.ly/3YtR0bq

2024-08-01 10:05:01

The “heat dome” causing scorching temps across W. Europe & N. Africa & boiling athletes & spectators at the Paris #Olympics, would've been impossible w/out human-led global heating. Scientists say #fossilfuel climate crisis made temps 2.5C to 3.3C hotter https://buff.ly/3YrOLVN

2024-07-31 19:55:32

Unless we decarbonize our economy quickly, #climatechange will shift the boundaries of what we view as extreme weather. https://buff.ly/4cctwuq

2024-07-31 18:09:00

Good to see that wind & #solar energy now generate 30% of the EU’s electricity in the first half of the year, & while power plants burned 24% less coal & 14% less gas from the first half of 2023 to the first half of 2024. #energytransition https://buff.ly/3A0ExSh

2024-07-30 10:55:01

While the world “quite rightly” focused on CO2 as the primary driver of rising global temps, little has been done to address #methane, despite methane gas having 80 times the warming power of CO2 in the first 20 years after it reaches the atmosphere ⚠️ https://buff.ly/3A1k4gj

2024-07-29 10:05:00

UN 🇺🇳 secretary-general António Guterres warns the weather extremes being experienced are symptoms of the “disease” of the “addiction to #FossilFuels”. Burning these fuels for heat & energy is the biggest contributor to global warming https://buff.ly/3Sqyaho

2024-07-26 15:09:03

Another sign that we are likely to see stronger hurricanes, that are more deadly and costly than ever, years to come. It will likely have a big impact on the insurance sector and coastal development going forward. https://buff.ly/3zZZ1dQ

2024-07-26 07:59:00

A raging #wildfire has devastated the west Canadian 🇨🇦 tourist town of Jasper, potentially destroying up to 50% of structures. Major concern is if fire damages the Trans Mountain oil pipeline, which can carry 890,000 bpd of oil from Edmonton to Vancouver https://buff.ly/4fh0Bbx

2024-07-25 19:51:12

In an example of states taking the lead on the #energytransition, California is making a big push on offshore wind power. https://buff.ly/3zVvmT8

2024-07-25 14:35:01

Buildings in the Canadian🇨🇦 tourist town of Jasper have been burning after wildfires forced 25,000 ppl to evacuate the area. Blaze has spread thru Jasper National Park causing "significant loss" within the town & endangering the Trans Mountain Oil Pipeline https://buff.ly/3YmqTD5

2024-07-24 17:49:01

The cost of extreme weather, fueled by #climatechange, continues to rise. It is predicted this year's US hurricane season could run up $10.8 trillion in reconstruction costs. https://buff.ly/3ShZ7UE

2024-07-23 14:55:01

The UN 🇺🇳 has outlined its opposition to companies using carbon credits to cancel out their CO2 footprint, putting it on a collision course with #BigOil & tech groups https://buff.ly/3A1D6CW

2024-07-23 13:05:01

The bulk of steelmaking around the world still relies on #coal-based furnaces. As a result, the steel/iron industry is responsible for 7% of GHG #emissions & 11% of CO2 emissions globally, according to Global Efficiency Intelligence https://buff.ly/3W96PkZ

2024-07-23 07:15:01

As California attorney general, Kamala Harris brought lawsuits against fossil fuel co's, prosecuted a pipeline company for an oil leak & investigated Exxon for misleading the public about climate change https://buff.ly/3y8slyh

2024-07-22 19:15:06

Interesting look at President Biden’s legacy on #climatechange https://buff.ly/46c5LBz

2024-07-19 12:55:42

Global⚡️electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air conditioning ❄️ as temperatures rise, the International Energy Agency IEA warns in a new report https://buff.ly/3SdJbmj

2024-07-19 07:05:41

Labour declares: "The national grid has become the single biggest obstacle to the deployment of cheap, clean power generation & electrification of industry."
There's some truth in this. It's a scandal wind power has to be curtailed often, at a cost of £ms https://buff.ly/3zWyga2

2024-07-18 21:12:05

That didn’t take long. It appears we are getting our first big post-Chevron Deference challenge to the actions of a federal regulatory body. https://buff.ly/3zQDZhN

2024-07-18 18:19:00

That didn’t take long. It appears we have our first big post-Chevron Deference case. https://buff.ly/3zQDZhN

2024-07-18 13:55:42

Italy's 🇮🇹 power production from #renewable sources surpassed #FossilFuel output for the first time during the first six months of this year, the power grid operator Terna confirms https://buff.ly/3y4AX9e #EnergyTransition

2024-07-18 07:05:42

Brussels’ efforts to establish hydrogen as a clean fuel have been criticised by the 🇪🇺 EU’s audit body in a damning report which says, despite €18.8bn in funding, the bloc will not achieve its “unrealistic” targets https://buff.ly/4f7DUpX

2024-07-17 08:45:42

Emma Howard Boyd: “The lack of co-ordinated preparation for the cascading consequences of climate change across UK 🇬🇧 govt departments is a clear national security risk” https://buff.ly/3Wqoaaw #ClimateRisk

2024-07-17 07:06:41

New Market Forces report finds Australia’s big 4 banks are in “complete violation” of commitments to the Paris climate accord by funding #FossilFuel expansion to the tune of >$61bn since 2015 & $3.6bn to the sector in 2023 https://buff.ly/3WprlyX

2024-07-16 07:07:41

Telegraph: #BP has taken an enormous risk by betting the farm on booming global demand for #oil & #gas as far out as the late 2030s, & retreating drastically from #renewables & clean-tech investment https://buff.ly/3LJ95uB

2024-07-15 10:45:41

New Secretary of State for Housing, Communities & Local Government, Angela Rayner, has accepted there was an “error of law” in the decision to grant planning permission for a new Cumbria #coal mine in Dec 2022 https://buff.ly/4bzwybW

2024-07-15 09:05:41

China’s CO2 #emissions are on track for a first annual decline since 2016, a signal the world’s top polluter may have already peaked its output of greenhouse gases https://buff.ly/4d1Sspg

2024-07-13 09:59:42

The UK government is expected to ban new North Sea #oil🛢️drilling licences from companies whose applications are already being processed, while also withdrawing support for a new #coal mine in Cumbria https://buff.ly/4cAIvQ7

2024-07-12 18:37:01

Recently you may have seen article about #Project2025. To better understand some its proposals about #climatechange & energy please check out this blog we put out earlier this year. https://buff.ly/3XUkGOC

2024-07-12 11:25:42

Since taking office in January 2023, CEO Wael Sawan has sought to boost Shell's performance, pulling out of many wind, solar & low-carbon ventures while doubling down on gas [*whilst claiming in Dutch courts to be Paris aligned] https://buff.ly/460QWkZ

2024-07-11 20:51:01

Chevron Deference was used for 40 years to support federal agencies acting in a number of areas. Now that it has been struck down by the #SupremeCourt it could have a big impact on how we address #climatechange. Our new blog looks at this critical topic. https://buff.ly/45YjyLG

2024-07-11 12:55:01

Ed Miliband: “We will not issue new licences to explore new [UK North Sea oil] fields, & will not revoke existing #oil & #gas licences. We will manage existing fields for the entirety of their lifespan” https://buff.ly/4bEfdi9

2024-07-11 09:35:00

Will energy firms actually slash bills for those living near windfarms? Lorenzo Sani, an analyst from Carbon Tracker told i he expects other major energy providers to follow Octopus Energy in discounting bills for those who live near windfarms in order to win local support for projects https://buff.ly/3W25lbY

2024-07-10 19:49:01

Interesting look at how #bitcoin mining is putting new strains on the power grid in Texas https://buff.ly/3y36t7g

2024-07-10 11:05:00

CEO of Octopus Energy Greg Jackson says: when it's windy in 🏴󠁧󠁢󠁳󠁣󠁴󠁿 Scotland, instead of paying wind farms to turn off (see Carbon Tracker research by Lorenzo Sani on wind 'curtailment costs') “we give Scottish people cheap or free electricity at those times" https://buff.ly/4eWJIm3

2024-07-10 09:15:01

Chancellor Rachel Reeves has announced the UK government’s new £7.3bn flagship National Wealth Fund to decarbonise Britain’s heavy industry will start investing in areas such as green steel & gigafactories “immediately” https://buff.ly/3Lg9Uui

2024-07-10 07:05:00

British energy giant #BP said on Tuesday weak refining margins & #oil trading were likely to dent its second-quarter profit, sending shares down 3% in morning trading. Exxon warned Monday lower #gas prices would hurt Q2 profit https://buff.ly/4cziKPQ

2024-07-09 20:42:01

Although they have ambitious #climate targets Canada is making a big investment in new gas production. https://buff.ly/3WfyZMt

2024-07-09 17:10:01

We are already starting to seeing how the court’s will act in a post-Chevron Deference world. https://buff.ly/3VPnR7x

2024-07-08 19:43:01

It seems we are reaching a point where it will be news when a month isn’t now the hottest month on record.#climatechange https://buff.ly/3VUhWxV

2024-07-08 08:55:01

The world baked for 12 consecutive months in temperatures 1.5C🌡️above the average pre #FossilFuel era, new data shows. Temps btw July 2023 & June 2024 were highest on record, with 12months in which Earth was 1.64C hotter than preindustrial times https://buff.ly/3Y1cWds

2024-07-08 07:15:01

North Sea #oil & #gas producers have urged Britain's incoming PM Keir Starmer to provide clarity on his election promise to increase tax on the sector, warning it could lead to "rapid decline in output & revenue" https://buff.ly/3RYaMrA

2024-07-07 09:35:02

The Green party will push the incoming UK Labour govt to “be braver” on key issues, from the #ClimateCrisis & sewage in rivers to housing & tax, according to Carla Denyer, the party’s co-leader & 1 of its 4 new MPs https://buff.ly/4cS4fGE

2024-07-06 10:55:01

Around 1 in 25 homes analysed in Australia 🇦🇺 will likely be uninsurable by 2030. That’s 588,857 homes out of 14,739,901. In the most affected regions, like Sydney NSW more than 1 in 10 homes would be uninsurable https://buff.ly/3Lguqex #ClimateRisk

2024-07-06 09:15:00

“The #GE2024 results look clear — voters have rejected anti #NetZero rhetoric & chosen cheaper, cleaner, more secure energy,” said Greg Jackson, founder & CEO of the utility company Octopus Energy. “This looks like a landslide for a green economy” https://buff.ly/3SkARkP

2024-07-05 14:30:02

What Starmer’s clean energy strategy means for investors https://buff.ly/3LcqzPr via FT #EnergyTransition #GE2024

2024-07-05 08:35:01

Labour has won the British 🇬🇧 election. Now it has to seize the moment - "the danger is that Sir Keir concludes he should be cautious precisely when he should be bold" https://buff.ly/3LbUck8 #GE2024

2024-07-04 10:45:22

DEFRA data shows year-on-year UK vegetable yields fell 4.9% in 2023, & production volumes of fruit fell 12%. Scientists warn climate breakdown caused by burning #FossilFuels is likely to bring more extreme UK weather, inc more frequent floods & droughts https://buff.ly/4cQi4Wj

2024-07-03 09:55:22

Encouraged by a feed-in tariff providing a guaranteed price to #renewable energy producers selling their power, as well as reduced solar panel costs, 🇩🇪 German companies are increasingly turning to #solar☀️to get around high energy costs https://buff.ly/45RQfuv

2024-07-02 13:05:24

Labour will promise to take the lead on global efforts to tackle the #ClimateCrisis, filling a “vacuum of leadership” on the world stage and proving Rishi Sunak’s U-turn on #NetZero has been a “historic mistake”, @Ed_Miliband has said https://buff.ly/45NhJ4e

2024-07-02 09:35:22

UK 🇬🇧 Government ministers met representatives from the #oil & #gas🛢️ sector at least 343 times last year, up from 330 meetings held in 2022 https://buff.ly/4brffK6 #lobbying

2024-07-02 07:15:22

Unlikely alliance of unions & climate groups call for ‘clear & funded’ transition plan for communities reliant on dwindling North Sea #oil & #gas industry https://buff.ly/3xvFPE7

2024-07-01 15:45:22

The exponential growth of #solar power will change the world https://buff.ly/3KQEhrh

2024-07-01 07:05:22

Three-quarters of the EU's 🇪🇺 electricity has been generated by CO2 #emissions-free sources ☀️ so far this year, making it the bloc's greenest power mix to date, industry data shows https://buff.ly/4cofxmn

2024-06-28 12:05:57

Polluter pays? Colorado 🇺🇸 #oil & #gas wells can’t fund their own cleanup. Taxpayers may foot the bill - warns a new Carbon Tracker report https://buff.ly/3RNRftw

2024-06-28 07:36:57

The 33.55 terawatt hours (TWh) of electricity generated from #FossilFuels was the lowest for the January to May period in at least 9 years, marking the 3rd straight year of cuts to fossil fuels in UK power generation during that window https://buff.ly/45Id5V0 via Ember Climate

2024-06-27 19:12:01

Since March, for part of every day #renwableenergy has produced over 100% of California’s demand for electricity. Some afternoons, solar panels alone have produced more power than the state uses. California has shown you can run a thriving economy on clean energy.https://buff.ly/4eK5Hgi

2024-06-27 07:35:56

The number of climate lawsuits filed vs global companies is rising swiftly, a Grantham Institute report finds. A majority of cases have been successful. ~230 climate lawsuits were filed against corp's & trade bodies since 2015, 2/3 of which = since 2020 https://buff.ly/45I5vtA

2024-06-26 12:59:57

Heat deaths to mount as world risks warmest summer on record https://buff.ly/4cwM4qx via FT #ClimateCrisis

2024-06-25 20:48:00

It looks like “gas certification” could be the next big wave of greenwashing. https://buff.ly/3W096QJ

2024-06-25 07:05:56

A nearly 18% jump in hydro-powered electricity output during January through May from the same months in 2023 has helped boost Europe's clean electricity generation to new highs - according to data from @npub15zc…aksj https://buff.ly/3zkMK3y

2024-06-23 15:35:56

Future impact of proposed #FossilFuel projects must be assessed, UK court rules https://buff.ly/3RApkNI

2024-06-20 11:55:56

The Supreme Court has ruled a local council should have considered the full climate impact of burning #oil from new wells - a landmark decision which could put future UK 🇬🇧 oil & #gas projects in question (& rightly so) https://buff.ly/3VA8gIK

2024-06-20 08:05:56

Prof Andrew Boswell said:“UK Ministers promoted & subsidised new #gas development whilst ignoring v severe climate impacts. At #NetZero Teesside, Minister Claire Coutinho agreed upstream #emissions had significant adverse climate impacts when approving it" https://buff.ly/4c7q2KF

2024-06-20 06:55:57

Our new report from Lorenzo Sani finds CO2 emissions from Blue #Hydrogen & Gas-#CCS projects could be 2-3x higher than reported - when considering upstream #emissions from gas extraction, processing & transport https://buff.ly/4c7q2KF

2024-06-19 17:35:56

Our new blog from Amy Owens looks at why transition finance is so critical to combating #ClimateChange & achieving the targets of the #ParisAgreement https://buff.ly/3z9m3P9

2024-06-19 16:15:57

There's a battle going on to manage #ClimateRisks in emerging & developing countries, where levels of insurance cover are much lower. In Africa🌍, just 7% of 'natural disaster' losses are covered https://buff.ly/3RACev0

2024-06-18 08:41:02

Climate graphic of the week: Record rainfall in UK 🇬🇧 & France 🇫🇷 batters wheat crops, driving up prices 📈https://buff.ly/3xeY0xF via @ft #ClimateChange #inflation

2024-06-14 13:20:56

California looks to seize profits from Big Oil in climate change lawsuit, accusing them of "deceiving the public for decades" on #ClimateChange https://buff.ly/4b0oAbB via FT

2024-06-14 06:55:01

Swiss Re says industry failed to estimate the full impact of extreme weather - warns some areas in Europe now "uninsurable" https://buff.ly/3XoIb2a

2024-06-13 12:55:01

With just five months to go before this year's UN 🇺🇳 #COP29 climate summit, countries cannot agree on the size of a global funding bill to help the developing world fight climate change - let alone how to split it https://buff.ly/3Vl4XoH

2024-06-13 10:35:01

#Equinor boss voices frustration that projects ‘take longer in the UK’ | Recent analysis from Carbon Tracker found the UK govt’s #CCUS strategy is based on “outdated & unrealistic” assumptions https://buff.ly/3Vk8qUF

2024-06-13 06:55:53

The BRICS group of emerging economies - Brazil, Russia, India, China & South Africa - emitted a record 1.98bn metric tons of CO2 from power gen🏭 in Q1 2024 Ember data shows. More than the emissions load generated by the rest of the world combined https://buff.ly/4cfH2xV

2024-06-12 17:29:02

If passed, new legislation in California would force public pension systems to move $15 billion from the #fossilfuel sector within 7 years. https://buff.ly/3L0U1Ip

2024-06-12 08:25:53

Renewable energy group #Orsted will install a Tesla Megapack battery storage system linked to Britain's Hornsea 3 offshore wind farm. Energy storage🔋 is becoming increasingly important as production of #renewable energy rises https://buff.ly/4cghl0i

2024-06-11 10:58:53

Giorgia Meloni puts brakes on Italy’s 🇮🇹 #solar energy rollout 🤦‍♀️ https://buff.ly/3VErL4p via @ft

2024-06-10 07:05:52

Lord John Browne, the former CEO of #BP, has called for an end 🚫 to new #oil & #gas drilling licences in the North Sea, in an implicit endorsement of the Labour party’s position on fossil fuels https://buff.ly/4aUdK6L via FT

2024-06-07 07:05:53

Australia's centre-left government is targeting 82% of power supply to come from #renewables by 2030, but remains well short of the target, at 40% now, even after pledging to underwrite new wind, solar & battery projects with more than A$40 billion https://buff.ly/4c6oSP2

2024-06-06 09:05:53

#FossilFuel companies are the “godfathers of climate chaos” & should be banned in every country from advertising akin to restrictions on big tobacco, Antonio Guterres UN secretary general has said https://t.co/pVKUntwVA0

2024-06-06 07:07:53

Global investment in clean energy technology & infrastructure is set to hit $2 trillion this year, twice the amount going into #FossilFuels, an International Energy Agency report shows https://buff.ly/3X7ndoh

2024-06-05 10:55:01

‘Depressing and dystopian’: UAE 🇦🇪 used #COP28 to boost #FossilFuel deals fivefold, Global Witness investigation finds https://buff.ly/3VcudNN

2024-06-04 12:59:16

Vermont becomes the first US 🇺🇸 state to make #BigOil pay for climate damages https://buff.ly/4e3Ivch via FT

2024-06-04 11:01:16

Laurence Tubiana 🗣️:"The richest 1% of people in the world are responsible for more GHG #emissions than the 66% at the other end of the scale, yet experience little of the vulnerability to climate shocks causing suffering & death, mainly among poorer people" https://buff.ly/3X8ijqZ

2024-06-03 15:05:01

"No matter which way you look at it, #FossilFuels are cooking the planet" | The IPCC – the world’s authority on climate science – has very clearly demonstrated the burning of coal, oil & gas is the primary cause of climate change. https://www.theguardian.com/environment/article/2024/jun/03/are-the-climate-wars-really-over-or-has-a-new-era-of-greenwashing-just-begun

2024-06-03 07:05:01

The uninsurable world: how the market fell behind on #ClimateChange https://buff.ly/3VrFOu1 via FT #ClimateRisk

2024-05-31 07:30:01

The world has enough #FossilFuel projects planned to meet global energy demand forecasts to 2050 & govts should 🛑 stop issuing new #oil, #gas & #coal licences, according to a large UCL/IISD study aimed at political leaders https://buff.ly/4aFc4hr

2024-05-30 19:24:01

Better late than never. https://buff.ly/3yIWioE

2024-05-30 13:15:01

By increasing its use of #renewable energy, the US has not only slashed its planet-warming #emissions but also improved its air quality, yielding hundreds of billions of dollars of benefits https://buff.ly/3WW6XGx

2024-05-30 10:55:02

Asked if #FossilFuel companies “should be held legally accountable for their contributions to climate change”, 62% of voters said yes, suggesting majority support for existing civil lawsuits against #oil companies https://buff.ly/3VapbSi

2024-05-29 09:30:00

IEA analysis finds sales of #SUVs hit a new record in 2023, making up half of all new cars sold globally. Experts warn that the rising sales of the large, heavy ICE vehicles is pushing up carbon #emissions https://buff.ly/3Km7vhp

2024-05-28 18:18:01

The irony is that while #climatechange will have a big impact on the US transportation sector the biggest source of greenhouse gas emissions in the US is the transportation sector. https://buff.ly/3wSCZsl

2024-05-28 10:55:01

Governments, #FossilFuel firms & airlines are increasingly being met with climate lawsuits. The BBC's Isabella Kaminski analyses what difference this legal action is making, & how much it is helping fight climate change https://buff.ly/3WZazY9