The world’s oil and gas companies enjoyed record-breaking profits in 2022, as energy prices soared for consumers and climate change catastrophes dotted the globe.
The shift away from a carbon-based economy risks stranding a large number of assets, particularly in sectors with high financial market exposure, such as oil and gas.
As COP27 was progressing in Sharm El-Sheikh, Egypt, Vijay Vaitheeswaran, the global energy and climate innovation editor of The Economist, made a compelling observation. He said, “We will see a much stronger focus on how the energy industry itself can play a role as a decarboniser. It’s about, in my view, a grown-up way of understanding that the oil and gas is here to stay. A number of countries, especially emerging markets, are going to rely on it.”
researchers have carried an extensive root cause analysis, and have identified the major driver of climate change
extreme wildfires are raging across France, Spain, Portugal, Greece, Turkey and a dozen US states.
As the world gears up to avoid a climate catastrophe by limiting global warming to 1.5 to 2 degrees Celsius, more countries are putting carbon pricing at the center of their mitigation strategies.
A climate change activist and lecturer at the African University College of Communications, Peter Wonders, has advised government to take bold and innovative steps to combat Climate Change. Speaking on Joy Business Social, an online business engagement platform which discusses pertinent business issues, Peter Wonders urged government to expand investment in clean energy such as Geothermal Energy, […]
Seven years into the 2030 Agenda for Sustainable Development, we are not where we need to be – and we are faced with the existential threat of climate change
The AfDB has been urged to partner with continental and international entities to ramp up funds for mitigation and adaptation to tackle climate change
Tullow Oil says it will continue operations in Africa despite plans by other operators to shift from the continent.