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Katherine Quinn is policy lead at the Cambridge Institute for Sustainability Leadership. 

BP has ditched its pledge to curb oil production by 2030 – a plan that was once the most ambitious in the industry – switching instead to developing more fossil fuels in the Middle East.   

The new approach means we’ll see 2 million more barrels of oil per day by the end of this decade, Reuters reported earlier this month.  

You might think the energy giant would be lambasted for the decision, but BP shares jumped following the news. Insiders confirmed the move was designed to “regain investor confidence”.   

Shell also weakened its 2030 carbon reduction target earlier this year, selling renewable assets by divesting its leases for developing floating wind farms off the coast of Scotland, among others.  

Now it is doubling down on natural gas – another fossil fuel which it keeps trying to tell us is ‘clean’, even though burning and extracting it releases carbon dioxide, methane and particulate matter.   

It’s a bit like that classic meme from the Princess Bride, when Inigo Montoya says, ‘You keep using that word. I do not think it means what you think it means.’  

Climate advocates have long urged for humans to care more about the Earth we inhabit – even in the face of sceptics – hoping that common sense would prevail.  

But it’s only recently that market conditions are starting to make fossil fuels less profitable. Last year’s COP28 UN climate conference marked the ‘beginning of the end’ of the fossil fuel era – with a phase-down agreement, although it could have gone a lot further.   

Fossil fuels still king

Closer to home, the UK closed its last coal-fired power plant at the start of this month. But there’s no denying that fossil fuels still dominate our planet. In 2023, they accounted for 81.5% of the global energy mix.  

Managing climate change holistically is a marathon – not a sprint – and we need to get in the right headspace for the long run. In fact, we need to run like our lives depend on it, because they do.  

Despite solar surge, world off track for COP28 renewable energy target

We’re already seeing extreme weather that is both more intense and more frequent than many of the predictions of climate science. Just look at recent floods, wildfires and droughts in Austria, Myanmar, Poland, Germany, Australia, the Czech Republic, Slovakia, Romania, Bosnia and Herzegovina and Nigeria. We saw the catastrophic impacts of Hurricane Helene and Hurricane Milton in the US. And that’s just in the last month.   

Things are so dire that meteorologists are crying as they report the weather.  

So how do we shift the wider economy to change at the pace we need it? We need to accept that businesses and investors are primarily driven by financial returns. Many CEOs are prone to saying, “you get what you incentivise”.   

Change through legal reform

You get what you incentivise – and you also get what you mandate. Introducing strong policies to accelerate the implementation of renewables, coupled with the rapid, legally implemented phase-out of fossil fuels, may be our best hope for ensuring global warming doesn’t rocket off the charts.  

We must get this message across. The new model of ‘competitive sustainability’ is one way.  

Forward-thinking businesses – those that get the reality of climate change – need to support changes in the market, while at the same time they compete to be the greenest. That way they can help prompt the changes needed, get ahead of upcoming regulations and mitigate a set of huge risks they won’t be able to avoid.  

Climate godfather Al Gore was shouting about this as early as 2008, when he told business leaders gathered in Davos that beyond individual actions, “it is far more important to change the laws and to change the treaty obligations that nations have”.   

The Global South is surging ahead in the renewables revolution

We need law reform that is simultaneously widespread and targeted. At the international level, we need strong treaty language on renewables. We need to look at agreements and commitments around investor protection and make sure they can’t be weaponised unreasonably to protect an unsustainable status quo at the cost of a green future.  

At both national and subnational levels, we need to expedite permitting and grid access, phase out fossil fuel subsidies and redirect money towards clean fuels. Across the board, a legal framework is also crucial to ensure that climate, nature and human rights are embedded in environmental impact assessments.  

We need carrots, but we also need sticks.   

Instead of clobbering those lagging behind on climate action, we’re throwing protestors in jail for (often peacefully) raising awareness of the gravity of this crisis. Meanwhile, the majority of nations still financially incentivise oil and gas through record high fossil fuel subsidies.  

Things need to change – and fast. Only by holding fossil fuel companies accountable and demanding urgent climate action can we secure a liveable future for generations to come – because the cost of inaction is far greater than the price of change.   

The post Why we need new laws to end coal, oil and gas – now   appeared first on Climate Home News.

Why we need new laws to end coal, oil and gas – now  

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Hurricane Helene Is Headed for Georgians’ Electric Bills

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A new storm recovery charge could soon hit Georgia Power customers’ bills, as climate change drives more destructive weather across the state.

Hurricane Helene may be long over, but its costs are poised to land on Georgians’ electricity bills. After the storm killed 37 people in Georgia and caused billions in damage in September 2024, Georgia Power is seeking permission from state regulators to pass recovery costs on to customers.

Hurricane Helene Is Headed for Georgians’ Electric Bills

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Amid Affordability Crisis, New Jersey Hands $250 Million Tax Break to Data Center

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Gov. Mikie Sherrill says she supports both AI and lowering her constituents’ bills.

With New Jersey’s cost-of-living “crisis” at the center of Gov. Mikie Sherrill’s agenda, her administration has inherited a program that approved a $250 million tax break for an artificial intelligence data center.

Amid Affordability Crisis, New Jersey Hands $250 Million Tax Break to Data Center

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Curbing methane is the fastest way to slow warming – but we’re off the pace

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Gabrielle Dreyfus is chief scientist at the Institute for Governance and Sustainable Development, Thomas Röckmann is a professor of atmospheric physics and chemistry at Utrecht University, and Lena Höglund Isaksson is a senior research scholar at the International Institute for Applied Systems Analysis.

This March scientists and policy makers will gather near the site in Italy where methane was first identified 250 years ago to share the latest science on methane and the policy and technology steps needed to rapidly cut methane emissions. The timing is apt.

As new tools transform our understanding of methane emissions and their sources, the evidence they reveal points to a single conclusion: Human-caused methane emissions are still rising, and global action remains far too slow.

This is the central finding of the latest Global Methane Status Report. Four years into the Global Methane Pledge, which aims for a 30% cut in global emissions by 2030, the good news is that the pledge has increased mitigation ambition under national plans, which, if fully implemented, could result in the largest and most sustained decline in methane emissions since the Industrial Revolution.

The bad news is this is still short of the 30% target. The decisive question is whether governments will move quickly enough to turn that bend into the steep decline required to pump the brake on global warming.

What the data really show

Assessing progress requires comparing three benchmarks: the level of emissions today relative to 2020, the trajectory projected in 2021 before methane received significant policy focus, and the level required by 2030 to meet the pledge.

The latest data show that global methane emissions in 2025 are higher than in 2020 but not as high as previously expected. In 2021, emissions were projected to rise by about 9% between 2020 and 2030. Updated analysis places that increase closer to 5%. This change is driven by factors such as slower than expected growth in unconventional gas production between 2020 and 2024 and lower than expected waste emissions in several regions.

Gas flaring soars in Niger Delta post-Shell, afflicting communities  

This updated trajectory still does not deliver the reductions required, but it does indicate that the curve is beginning to bend. More importantly, the commitments already outlined in countries’ Nationally Determined Contributions and Methane Action Plans would, if fully implemented, produce an 8% reduction in global methane emissions between 2020 and 2030. This would turn the current increase into a sustained decline. While still insufficient to reach the Global Methane Pledge target of a 30% cut, it would represent historical progress.

Solutions are known and ready

Scientific assessments consistently show that the technical potential to meet the pledge exists. The gap lies not in technology, but in implementation.

The energy sector accounts for approximately 70% of total technical methane reduction potential between 2020 and 2030. Proven measures include recovering associated petroleum gas in oil production, regular leak detection and repair across oil and gas supply chains, and installing ventilation air oxidation technologies in underground coal mines. Many of these options are low cost or profitable. Yet current commitments would achieve only one third of the maximum technically feasible reductions in this sector.

Recent COP hosts Brazil and Azerbaijan linked to “super-emitting” methane plumes

Agriculture and waste also provide opportunities. Rice emissions can be reduced through improved water management, low-emission hybrids and soil amendments. While innovations in technology and practices hold promise in the longer term, near-term potential in livestock is more constrained and trends in global diets may counteract gains.

Waste sector emissions had been expected to increase more rapidly, but improvements in waste management in several regions over the past two decades have moderated this rise. Long-term mitigation in this sector requires immediate investment in improved landfills and circular waste systems, as emissions from waste already deposited will persist in the short term.

New measurement tools

Methane monitoring capacity has expanded significantly. Satellite-based systems can now identify methane super-emitters. Ground-based sensors are becoming more accessible and can provide real-time data. These developments improve national inventories and can strengthen accountability.

However, policy action does not need to wait for perfect measurement. Current scientific understanding of source magnitudes and mitigation effectiveness is sufficient to achieve a 30% reduction between 2020 and 2030. Many of the largest reductions in oil, gas and coal can be delivered through binding technology standards that do not require high precision quantification of emissions.

The decisive years ahead

The next 2 years will be critical for determining whether existing commitments translate into emissions reductions consistent with the Global Methane Pledge.

Governments should prioritise adoption of an effective international methane performance standard for oil and gas, including through the EU Methane Regulation, and expand the reach of such standards through voluntary buyers’ clubs. National and regional authorities should introduce binding technology standards for oil, gas and coal to ensure that voluntary agreements are backed by legal requirements.

One approach to promoting better progress on methane is to develop a binding methane agreement, starting with the oil and gas sector, as suggested by Barbados’ PM Mia Mottley and other leaders. Countries must also address the deeper challenge of political and economic dependence on fossil fuels, which continues to slow progress. Without a dual strategy of reducing methane and deep decarbonisation, it will not be possible to meet the Paris Agreement objectives.

Mottley’s “legally binding” methane pact faces barriers, but smaller steps possible

The next four years will determine whether available technologies, scientific evidence and political leadership align to deliver a rapid transition toward near-zero methane energy systems, holistic and equity-based lower emission agricultural systems and circular waste management strategies that eliminate methane release. These years will also determine whether the world captures the near-term climate benefits of methane abatement or locks in higher long-term costs and risks.

The Global Methane Status Report shows that the world is beginning to change course. Delivering the sharper downward trajectory now required is a test of political will. As scientists, we have laid out the evidence. Leaders must now act on it.

The post Curbing methane is the fastest way to slow warming – but we’re off the pace appeared first on Climate Home News.

Curbing methane is the fastest way to slow warming – but we’re off the pace

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