Bank of England governor warns of financial collapse linked to climate emergency.
UNITED NATIONS (Reuters) – Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed “responsible banking” principles to fight climate change on Sunday that would shift their loan books away from fossil fuels.
It was a great honour to have representatives of Bio-based Industries Consortium, Mr. Dirk Carrez and Mr. Marco Rupp, as well as representatives of The World Bank and Ministry of Agriculture at Bio Eco Energy Company (BEECO) Miscanthus x giganteus Nursery plantation.
Existing studies have calculated the domestically available potential for biomass for energy to be between 169 and 737 Mtoe each year in Europe from 2050 onwards (Cf. figure 1). A literature review concludes that the middle range potential of 406 Mtoe, which is around 24% of the total energy consumption in EU-28 in 2017, can be achieved by 2050 – considering different constraints (e.g. costs). This means that, compared to the actual 144 Mtoe used in 2017, the potential gives enough room to almost triple the amount of bioenergy in the EU-28 energy mix.
EU Council meeting expected to see joint declaration by eastern agriculture and research ministers – a rare effort at coordinated east European lobbying over research in Brussels.
We can’t take on climate change without properly pricing coal, oil, and natural gas. But it’s a huge political challenge.