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The global surge in oil prices due to the Strait of Hormuz closure threatens to deplete the Philippines’ fund that helps provide subsidies for fuel used by off-grid communities. A transition to more renewable energy offers benefits.
Now is the time to double down on renewable energy and electrification.
The world is not on track to meet its climate targets, and the devastating effects of global warming are appearing faster than many anticipated. But the undeniable progress made in the Paris climate agreement's first decade provides reason to hope that more progress can be made.
Coalbed methane is an underappreciated problem of global steel production. While cutting methane emissions in the steel supply chain will not produce green steel overnight, it could reduce the sector’s emissions by the equivalent of a billion tons of carbon annually, and at little cost.
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