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'Leaving the US Behind,' 50+ Nations Gather in Colombia to 'Phase Out Fossil Fuels‘

commondreams.org/news/colombia…

"Word on the street is NO fossil fuel lobbyists at the Santa Marta, Colombia 'Transition Away' conference," said one climate journalist.

#bigoil #fossil #fuels #indigenous #colombia #just #transition #conference #cop30 #ClimateEmergency


The Iran war drives inflation up to its highest level in over a year.

Eurozone inflation jumped to its highest in over a year at 2.5% in March due to soaring fuel prices.

ECB officials are agonising over how to respond.

The dilemma facing the ECB is that while higher interest rates may be needed to curb inflation, they will also add to the economic problems created by higher energy costs.

mediafaro.org/article/20260331…

#Inflation #Eurozone #EnergyPrices #Energy #Fuels #InterestRates #ECB #Economy


#Allianz’s board says it’s time to save the #planet. They can start with their own #investments


source: thebureauinvestigates.com/stor…

The financial giant refuses to insure new oil and gas projects, but its asset management firms are still investing in #fossil #fuels


What they are saying is #climate #crisis kills #capitalism 😱


#news #economy #oil #energy #earth #future #politics #problem #humanity #trade #finance #investment #trade


The results suggest that while the #IEA has accurately anticipated primary and final energy demand growth, it has historically overestimated the growth in #fossil #fuels and #nuclear #electricity generation and severely underestimated the growth in key #renewable #technologies including solar #photovoltaics and #wind #power, the latter occurring across scenarios.


Source: sciencedirect.com/science/arti…

• #WEO #energy scenarios have significantly underestimated #solar PV growth potential.
• Outlook and normative scenarios indicate bias for nuclear and against renewables.
• Power-to-X flexibility options exist in the #GEC model, though their use is limited.
• Increased #transparency of assumptions for key technologies is required.
• Exogenous limitations of key technologies may impede global energy transitions.

#corruption #science #future #fail #environment #technology #news #co2 #politics #climate #humanity #economy


The environmental burden of the United States’ #bitcoin #mining #boom


Source: nature.com/articles/s41467-025…

From mid-2022 to mid-2023, the 34 mines consumed 32.3 terawatt-hours of #electricity — 33% more than Los Angeles—85% of which came from #fossil #fuels.


#btc #usa #earth #environment #climate #finance #politics #Problem #money #nature #emissions #crypto #hype #blockchain

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