Sign up for Energy Daily, your guide to the energy and commodities markets that power the global economy, from journalists stationed around the world. European power prices fell below zero again as production from solar farms overwhelms the grid early in the afternoon. It’s an increasingly common phenomenon as Europe races to build more cheap...
The world’s 722 biggest companies collectively are making more than $1tn a year (£780bn) in windfall profits on the back of soaring energy prices and rising interest rates, according to research by development charities. The companies made $1.08tn this way in 2021 and $1.09tn last year, according to analysis of Forbes magazine data by the...
Global temperatures hit a record on Monday, underscoring the dangers of ever-increasing greenhouse gas emissions generated from burning fossil fuels. The average worldwide temperature was 17 degrees C (63F), just above the previous record of 16.9 degrees C reached in August 2016, according to data from the National Centers for Environmental Prediction. The new high...
Here’s something that will send a shiver up the spine of anyone who has battled termites—meaning just about every homeowner in Florida. That finding comes from more than 100 researchers across six continents who measured how fast termites ate blocks of dead wood left outside for at least a year in different regions with varying...
It was a smell that invoked a memory. Both for Emily Kuchlbauer in North Carolina and Ryan Bomba in Chicago. It was smoke from wildfires, the odor of an increasingly hot and occasionally on-fire world. Kuchlbauer had flashbacks to the surprise of soot coating her car three years ago when she was a recent college...
Wildfires are hurting many industries and could strain households across Canada, one of many countries reckoning with the impact of extreme weather. Canada’s wildfires have burned 20 million acres, blanketed Canadian and U.S. cities with smoke and raised health concerns on both sides of the border, with no end in sight. The toll on the Canadian economy is...
In an article published in the Proceedings of the National Academy of Sciences, Michael Mann, professor in the Department of Earth and Environmental Science in the University of Pennsylvania’s School of Arts & Sciences, and colleagues from Clemson University, the University of California Los Angeles, and Columbia University investigate the effects of climate change on exacerbating compounding...
The CDP’s Oil and Gas Benchmark report assessed 100 oil and gas companies on low-carbon transition and just transition indicators. Top oil and gas companies have made “almost no progress” in reaching the climate goals agreed as part of the 2015 Paris climate summit, environmental disclosure non-profit CDP said on Thursday. The CDP’s Oil and...
In a recent address to global climate envoys, the Emirati President of Cop28 Sultan Al Jaber proclaimed that the United Arab Emirates had “embraced the energy transition.” The speech was the fore-runner to the start of a typically slick public relations campaign, with the UAE’s Minister of Climate Change Mariam Almheiri telling Reuters that the world is...
COP28 Accommodation Dubai, a luxury concierge service, is offering elite attendees of the 2023 United Nations (UN) Climate Change Conference, commonly referred to as COP28, opportunities to book private jet charters to Dubai, where the conference will take place on November 30-December 12. The COP28, or Conference of the Parties of the United Nations Framework Convention...