In its attempt to drastically reduce its dependency on Russian oil and gas, Europe is turning to Africa. But the move is problematic, as producing fossil fuels on the continent presents its own challenges. Noah J. Gordon and Theodora Mattei have the details. This article was originally published in InternationalePolitikQuaterly.
Russia’s invasion into Ukraine coincided with the release of two sweeping assessments by the Intergovernmental Panel on Climate Change (IPCC) on the perilous state of our planet’s health. Desperately warning of the need to get off fossil fuels, as the body starts hammering out a synthesis report, lead blogger and podcaster Michael Buchsbaum reflects on how Europe’s desperate attempts to find alternative fossil fuel sources may end up turbo-charging climate chaos.
Pressure on the fossil fuel industry to stop developing new projects and to start to phase out the production of coal, oil and gas is steadily increasing. On May 18, UN Secretary-General Antonio Guterres stated unequivocally that “Fossil fuels are a dead end — environmentally and economically. […] We must end fossil fuel pollution and accelerate the renewable energy transition, before we incinerate our only home.” Global finance, and especially the leadership of the Glasgow Financial Alliance on Net Zero (GFANZ), needs to follow Guterres’ lead, stop waffling on fossil fuels and send a clear message to the industry that its days are numbered. Paddy McCully gives a broader look. This article was originally published in Reclaim Finance.
Climate change is the biggest global emergency we are facing, and using litigation to hold corporate polluters accountable for misleading consumers is one among a variety of avenues to combat this crisis. A recent report by the European Commission showed that 42% of online market websites contain false, deceptive or exaggerated environmental claims and could qualify as unfair commercial practice under European Union (EU) regulations. These are “greenwashing” claims, and the litigation brought on that basis highlights the gap that exists between environmental claims and actual action. In this blog post, Akriti Bhargava, Karla Martínez Toral and Aradhna Tandon explore what constitutes greenwashing practices, how these have been challenged in European courts and some implications for litigation of the EU Taxonomy.
As Russia’s brutal invasion of Ukraine metastasizes into a global humanitarian crisis, fossil fuel interests are wasting no time in trying to wrench as much glorious shareholder value as possible out of the growing calamity. Lead blogger and podcaster, Michael Buchsbaum argues there’s little coincidence that the United States, the world’s largest oil and fossil gas producer, is using fears of global energy insecurity to gain more market’s for their liquid natural gas (LNG) sector.
On February 24th, 2022, Russia launched a wide range of attacks on Ukraine. The invasion has left the European Union desperately searching for alternative energy sources to replace Russia’s fossil fuels. As a result, the invasion has also led to global fluctuations in crude oil prices, which directly impact fuel prices, so the higher crude oil prices are, the higher gas prices are likely to be. Samuel Ajala takes a closer look on how these circumstances affect Nigeria.
Small island states tend to face a double challenge when it comes to energy: Securing sufficient energy supplies and dealing with the immediate impacts of climate change. The Caribbean – comprised of 31 individual island states – is facing the brunt of energy and climate insecurity. As the region suffers a Covid-induced economic slump in its all-important tourism industry, it is also witnessing increasing extreme weather events, rising sea levels and extremely high electricity and energy prices. The latter three phenomena have been around for years, so why has the Caribbean not adapted a more sustainable energy policy? Rebecca Bertram has the Details.
Despite uniting in opposition to the Russian government’s brutal February invasion of Ukraine, in the days since, EU nations have still spent some 60 billion euros in imported Russian coal, oil, and fossil gas according to estimates by the Centre for Research on Energy and Clean Air (CREA). While governments scramble to find alternative sources of fossil fuels – sending prices and profits soaring, they continue pouring ever more money into the Kremlin’s war machine. As lead blogger and podcaster Michael Buchsbaum reviews, the surest way to reduce Russia’s military might is to ramp up investments in renewables. A newly released tool by the NGO Europe Beyond Coal dramatically illustrates the bloody tradeoff European leaders keep sadly making.
Boosting renewable production is essential amid the bid to curtail Europe’s dependency on Russian energy sources. Wind energy in particular is a key plank of Germany’s Energiewende, and there remains untapped potential in onshore and offshore energy production. But how can we boost offshore expansion while preserving delicate marine environments? Leona Schmitt takes a closer look.
As war rages in Ukraine and links between energy and economic growth become clearer while the global impetus for transitioning to renewable energy looses pace mostly in developing countries. But this outcome could be avoided in the future if promised rapid investments on renewable energy become real. Meanwhile, we are experiencing unusual climatic impacts, such as persistent droughts, heat waves and heavy rainfall, and these extreme weather events are increasing and getting worse each season. As Russia’s invasion continues to cause disruptions, including rise to energy prices and reduce the quantity of oil and gas in the global market, it becomes clear that a transition to renewable energy is the only real solution to such disruptions and economic growth. Crucially, the war poses strong challenges to decarbonising developing countries’ economies.