Germany acquires 235,000 carbon credits to offset business travel

10/08/2017 11:05 CO2

news

The German government intends to compensate for the climate footprint of its official travel by starting a bidding process to acquire more than 235,000 carbon credits.

The tender process will be open until august 16th, being in accordance to the UN Framework for Convention on Climate Change (UNFCCC).


The German government intends to help combat the global CO2 emission problem by utilizing carbon credits from different UN-certified projects, since the transport sector is responsible for nearly 23% of the entire energy-related global CO2 emissions. The government’s approach for business travel targets the reduction of travel emissions, or their offset in case they can’t be avoided, with investments in emission reductions elsewhere.


The International energy Agency has estimated that transport emissions could rise by 50% by 2035 and by 100% by 2050, nevertheless governments across the world should aim to reduce emissions by investing in high-quality climate change projects.
 

20 Fossil Fuel Companies Generate One Third Of All Global Emissions

10/10/2019 16:26:00

New data compiled by the United States-based Climate Accountability Institute and revealed by the Guardian confirms what many already know: at the core of the climate crisis is the fossil fuel industry. The crucial finding from the analysis is that 20 oil, gas and coal companies can be directly linked to over one third of all energy industry greenhouse gases in modern history. Despite knowing the destruction and dangers their activities pose to our planet and people, fossil fuel companies have been driving climate change and hold the key to avoiding impending disaster. What this points to is the urgent need for divestment, in spite of skepticism amongst some leaders.

<READ MORE

BP, Shell among bidders in $800 million Brazilian oil auction

10/10/2019 16:18:00

BP Plc, Chevron Corp and Royal Dutch Shell Plc are among the companies that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.

READ MORE

Poland plans to triple solar energy capacity this year

10/10/2019 13:03:00

Poland, which generates most of its electricity from coal, is planning to triple its solar energy capacity this year, Prime Minister Mateusz Morawiecki told Polish radio on Wednesday.

READ MORE