co2emissions
A new emissions trading system (ETS) adding a carbon price to the cost of fossil fuels used to heat homes and power road transport, could prove a headache for the next European Commission, a senior official has acknowledged. “I think certainly it will be an inflection point,” the head of cabinet to EU energy commissioner Kadri Simson said on Monday (24 June) of the levy due to take effect in 2027. “It may become very controversial,” Stefano Grassi said during a policy discussion hosted by Euronews. “In our analysis, most of the burden will not be sustained by citizens or final consumers, but m...
Euronews (English)
Russia’s war in Ukraine has emitted roughly 175 million tonnes of carbon dioxide in 24 months, according to the most comprehensive such study of any war to date. This is the equivalent of the annual use of 90 million cars and could cost Russia nearly €30 billion in reparations for the climate damage it has caused. The report comes from the Initiative on Greenhouse Gas Accounting of War (IGGAW) which has been developing new methodologies to measure this ‘conflict carbon’. The initiative’s series of assessments is the first to map the emissions of any war on such a comprehensive scale. Where doe...
Euronews (English)
Germany is aiming to make the EURO 2024 football tournament the greenest ever but its ambitions could be higher if national teams just played ball and cut out flying, according to Transport & Environment (T&E). National teams could slash their emissions by 60 per cent if they opt out of flying and choose to travel by train or coach, an analysis by the umbrella organisation representing NGOs promoting sustainable travel found. Unfortunately, no team besides Germany, Portugal, and Switzerland has yet to make such a pledge. "UEFA and the hosts Germany have put a lot of effort into cutting transpo...
Euronews (English)
EU trucks will need to reduce carbon dioxide emissions by 90% from current levels by 2040, as transport ministers agreed today (May 13) to gradually increase the share of zero-emission vehicles in the heavy-duty fleet across the bloc. Despite attempts by Italy, Poland and Slovakia to block the law, the new rules on heavy-duty vehicles keep the existing 2025 target currently set at a 15% emissions reduction for heavy lorries weighing over 16 tonnes. The law further sets that from 2030, new trucks weighing over 7.5 tonnes need to reduce emissions by 45%, going up to 65% from 2035 and finally rea...
Euronews (English)
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)
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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