Mon, Jul 22, 2019

Britain must commit to carbon capture to meet climate goals: lawmakers

LONDON (Reuters) - Britain must commit to projects to capture, store and use carbon dioxide emissions to meet its climate targets, a report from a cross-party group of lawmakers said on Thursday.

The report comes ahead of a recommendation due next week on whether and how the government could strengthen its climate target to a goal of net zero emissions, by Britain’s independent climate advisers, the Committee on Climate Change.

U.S. carbon emissions jumped in 2018 despite record coal plant closings

After dropping for three years in a row, U.S. carbon emissions spiked in 2018, demonstrating how hard it can be to move away from fossil fuels while the economy is growing.

Preliminary data from the Rhodium Group, a research consultancy, found that emissions rose 3.4 percent last year. That's even as Americans' reliance on coal, the dirtiest fossil fuel, hit a 40-year low.

Climate change: The massive CO2 emitter you may not know about

Concrete is the most widely used man-made material in existence. It is second only to water as the most-consumed resource on the planet.

But, while cement - the key ingredient in concrete - has shaped much of our built environment, it also has a massive carbon footprint.

Carbon capture and storage gets £20m 'sensible reboot'

The UK wants to build its first project to capture and store carbon emissions from industry within the next decade, as part of a rebooted push by ministers to support the technology.

The government scrapped a £1bn carbon capture and storage (CCS) competition in 2015, with the then-chancellor George Osborne saying it was too costly. Earlier efforts had also collapsed.

Germany faces huge bill to meet EU climate goals: BDI study

BERLIN (Reuters) - Germany will have to spend more than 1 trillion euros ($1.2 trillion) to meet even the lower end of the European Union’s 2050 target to reduce carbon dioxide emissions, according to a draft of a study commissioned by the BDI German industry group.

IEA Report: Five keys to unlock CCS investment

Global investment in low-carbon energy reached USD 850 billion in 2016, with USD 297 billion of that flowing to renewable energy technologies and USD 231 billion to energy efficiency. Much of this investment has been underpinned by government policies and regulation targeted at supporting the shift to a low-carbon energy sector. Yet investment in the deployment of another critical climate technology – carbon capture and storage (CCS)1 – is falling well behind, with only around USD 1.2 billion invested in 2016.

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