The Global Investor Commission on Mining 2030 is intended to address the systemic risks faced by the mining sector, which challenge the role it needs to play in the low carbon transition.
Bangladesh is set to increase its coal-based power generation capacity to ensure supply security at a time when many other countries are focussing on cutting dependency on thermal coal power to achieve climate goals.
Eni closed early its €2 billion sustainability-linked bond (SLB), the first from an energy company that allows participation from retail investors, following strong demand. The group said it reflects confidence in its energy transition and financial strategy.
The head of one of the world’s biggest developers of renewable energy, Denmark’s Orsted, worries that the energy transition could see a slowdown as rising competition and interest rates squeeze returns and upend the case for investment.
If countries worldwide fully implement their announced energy and climate pledges, the global market for key mass-manufactured clean energy technologies will more than triple to $650 billion a year by 2030, according to International Energy Agency (IEA) estimates.
MPs challenged the government over its energy efficiency performance and the continued licensing of new oil and gas fields, while a government minister reiterated a continued need for fossil fuels.
The UK’s slow progress in implementing adequate climate change and energy transition policies is costing households and businesses, and could jeopardise the country’s commitment to achieving net zero emissions by 2050.