co2emissions
Electric cars will have to become cheaper in Europe, one of the key steps to avoid jeopardising the continent's 2050 climate goals, suggest the latest studies from the EU's external auditor. The European Court of Auditors (ECA) released an overview of its four recently published special reports, giving a stark warning to the EU about its current policies for decarbonising the transport sector (accounting for 25% of the overall CO2 emissions). To achieve net zero by 2050, the 27 member states have to significantly curtail carbon emissions from internal combustion engine (ICE) cars, find viable ...
Euronews (English)
Aviation players were divided on the extent air traffic management measures (ATM) may have on curbing climate change during an aviation conference held in Brussels today (April 9). EU data estimates that civil aviation accounts for 13% of total CO2 emissions from EU transport, and new aviation rules designed to improve network management of EU airspace — dubbed the Single European Sky (SES) — foresee a reduction of 10% on the environmental impact caused by aviation. The SES was launched in 1999 to improve the performance of ATM and air navigation services through better integration of European...
Euronews (English)
The Arctic could experience its first ice-free day in the next couple of years, scientists predict. A new study from the University of Colorado Boulder in the US finds this critical brink could be passed more than 10 years earlier than previously expected. It’s not quite as drastic as it sounds. For scientists, an ice-free Arctic doesn’t mean there would be zero ice in the water. The polar region will be considered free of ice when the ocean has less than one million square kilometres of ice. But that’s a huge depletion from where it stood just decades ago. The threshold represents less than 2...
Euronews (English)
Germany is planning to allow carbon to be stored underground at offshore sites, the country’s vice chancellor announced yesterday. Europe's biggest economy is making good progress with expanding its renewable energy sources and usage. But a solution is needed for the carbon dioxide emitted by some sectors such as the cement industry that are “hard to abate,” said Robert Habeck, who is also the economy and climate minister. Germany, which is home to many energy-intensive industries, aims to cut its emissions to net zero by 2045. Spain’s plan to ban domestic flights where you can take a train in...
Euronews (English)
MEPs and government negotiators agreed a provisional text of the new Carbon Removals Certification Framework (CRCF) in the early hours of Tuesday (20 February) after protracted back-room talks in Brussels. “It will foster private investment and develop the voluntary carbon markets while respecting climate integrity and preventing greenwashing,” said Lidia Pereira (Portugal/EPP), who headed the European Parliament’s team. Under the deal, to qualify as a permanent carbon removal, sequestered CO2 must be disposed of in a way that is presumed to keep it out of the atmosphere for at least several c...
Euronews (English)
As cryptocurrencies look to revolutionize the financial market, there is a cost that comes from the sheer amount of energy required to mine them. New research from Forex Suggest reveals the cryptocurrencies with the highest CO2 emissions, with Bitcoin alone generating 56.8m co2 emissions in 2021 Q4 2021 hedge fund letters, conferences and more The Most-Polluting CryptocurrenciesBitcoin is by far the most energy-consuming cryptocurrency, using 707 kWh per transaction which results in 1,060.5 lbs of CO2 for every transaction (just over half a ton.) Ethereum uses the second most energy for each t...
ValueWalk
New research can today reveal the environmental impact of NFTs – with over 32 million trees needed to offset the emissions created by the world’s biggest NFT collections… Q4 2021 hedge fund letters, conferences and more The Environmental Impact Of NFTsThe experts at NFT Club have analysed the energy consumed over the lifespan of an NFT, to reveal how many trees are required to offset the CO2 emissions produced as a result of creating and purchasing the digital artwork. The researchers also createda new calculator that reveals how much impact your NFT portfolio is having on the environment and ...
ValueWalk
Trading education platform, Forex Suggest, calculated how many trees will need to be planted to offset carbon emissions from crypto transactions this year. Q3 2021 hedge fund letters, conferences and more By analysing the energy required per transaction for eight popular cryptocurrencies against the projected total number of transactions in 2021 (based on historical data), the report reveals how many trees need to be planted to offset CO2 emissions from crypto transactions this year. The Crypto Climate Outlook For 2021Bitcoin is the leading coin with the most energy intensive mining process, a...
ValueWalk
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