• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 22 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 7 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 7 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 7 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 10 days Bankruptcy in the Industry
Trafigura: AI Boom Could Spark a Copper Shortage

Trafigura: AI Boom Could Spark a Copper Shortage

The sudden explosion of AI…

Megamerger Mania Set To Shake Up Latin America’s Oil and Gas Industry

Megamerger Mania Set To Shake Up Latin America’s Oil and Gas Industry

Enauta's strategic acquisitions and proposed…

Boris Johnson: UK Will Lead The World In Transition To A Net-Zero Economy

Boris Johnson has said that the UK will lead the world in the world in the transition to a net-zero economy, saying that climate action cannot be “another victim of coronavirus”.

Speaking to a United Nations roundtable on climate change this afternoon, the PM said that the UK will serve “as a launchpad for a global green industrial revolution”.

Appearing by video link at the panel, Johnson said: “As the world continues to deal with coronavirus we must look ahead to how we will rebuild, and how we can seize the opportunity to build back better.

“The UK will lead by example, keeping the environment on the global agenda and serving as a launch pad for a global green industrial revolution. But no one country can turn the tide – it would be akin to bailing out a liner with a single bucket.

“We cannot let climate action become another victim of coronavirus. Let us be the leaders who secure the very health of the planet for our children, grandchildren and generations to come.”

He said that the UK would co-host an event in December to mark the five-year anniversary of the landmark Paris climate accords, which committed the world to reducing emissions.

The conference, which will replace the postponed COP26 summit – due to be held in Glasgow next November – will be an opportunity for countries to announce new climate targets.

He said that the UK could be the “Saudi Arabia of wind power”, praising the country’s “enormous potential” for the technology.

At the moment, renewables provide nearly a third of UK power in the UK and half of this is generated by from wind energy.

According to industry body Renewables UK, to meet growing electricity demand and the net zero emissions target by 2050, the UK’s wind energy capacity would expand six-fold from 22GW currently to 126GW by 2050. 

COP26 President and Business Secretary Alok Sharma said: “The eyes of the world will be on COP26 when the UK hosts it in November next year. But tackling climate change cannot wait.

ADVERTISEMENT

“That’s why we are setting the stage now with a call to all those who are ready to step forward this December and set out bold new Nationally Determined Contributions for a clean and prosperous future.

“The responsibility to act lies with each of us and together we can drive forward action.”

By City AM

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News