(Image: Private Media/Zennie) It is bad enough that 2024 was a record high for global greenhouse gas emissions. It is extra bad because the number we’ve ended up at is higher than all of the old projections of what this year would end up at. That is to say: we are underestimating our ability to stop using fossil fuels. There have been incredible advances in renewables and climate policies, but also, “fossil fuel subsidies remain at an all-time high and funding for fossil fuel-prolonging projects quadrupled between 2021 and 2022”. Why? What is justifying this weird refusal to back away from the fossil fuel economy? It’s many things, but a big one is the false promise of a machine that cleans up fossil fuels, rather than us needing to find a replacement for them. Is Labor’s carbon capture fantasy even dumber than Dutton’s nuclear dream? Read More Back in 2022, I contributed an essay to Greta Thunberg’s Climate Book . It was about the weaponised false promise of carbon capture and storage (CCS). I wanted to talk about it not as a technological phenomenon but a rhetorical one. A tactically deployed promise that is never meant to come true . Failure as a feature, not a bug. The second coming hasn’t come yet After a surge of planned projects in the late 2000s and early 2010s failed to turn into operational carbon capture sites, there was a lull. But since 2020, the volume of planned CCS has increased very significantly, as we can see from the latest update from the Global CCS Institute (GCCSi), a CCS reporting and advocacy group that publishes annual data: As with so many previous years, the change in “operational” CCS is small. The pipeline for CCS has been surging for a half-decade now, and the amount of operational CCS has only grown by a few megatonnes of capacity. We were promised a CCS revolution, and we aren’t getting one. Each year’s database puts an estimated “start date” on these CCS projects, so if we compile every report from each year, we can get an idea of what should be operational, and compare it to what is : In 2024, the amount of operational CCS should be several times higher than it actually is, based on the promised start dates of projects in older reports. Some projects are being cancelled, others are pushing out those dates further into the future due to frequent delays . Carbon capture isn’t a technology that likes to be built. It’s almost a cruel chart to make, but compare the percentage growth in operational CCS to the growth in wind and solar over the same time, and you get an idea of the different dynamics we’re dealing with here: Why do we keep believing the promise when it keeps failing to materialise? There are many reasons, but I want to dive into a specific one in this post: a range of different future scenarios, from a range of different sources, has leant hard on CCS as a way to minimise projected reductions in fossil fuel use, and therefore politically soften any potentially scary visions of the “disruptive” elimination of fossil fuels. What the future looks like Media has gone missing in action on Labor’s carbon capture fraud Read More Fossil fuel companies (both power generation and extractive) love using the false promise of CCS to justify massive, high-emitting projects. It’s worth diving into this incredible July 2024 investigation by Drilled’s Amy Westervelt, specifically on how fossil fuel companies were actively aware that their promises on CCS were hollow. Fossil fuel companies have, for a long time, performed a sort of strategic science fiction exercise, where they publish fossil-heavy and CCS-reliant scenarios to try and own the space of what the future looks like. Using the data made available in the latest Global Energy Outlook , I’ve made a little illustration of how fossil fuel companies use assumptions about CCS in their scenarios that are weirdly disconnected from the material realities of ultra-slow deployment: Equinor, my friendly local state-owned fossil fuel company, are comfortably the worst offender here. From 2018 to 2021, their CCS projections were verging on possible. In 2022, 2023 and 2024 , the 2030 assumptions for CCS are deeply bonkers and far exceed Shell and British Petroleum’s assumptions. This is despite Equinor being notably off track even for their own company CCS targets. Consider the International Energy Agency’s (IEA) “World Energy Outlook” , a major annual global energy system model, whose future scenarios drive investment decisions and government policies. I’ve created a compilation of each year’s recent CCS assumptions in their most-ambitious “net-zero” scenario, and you can immediately see that as far as CCS is from even realising its own pipeline of planned projects, the gap between the assumptions in the IEA’s net-zero scenario is significantly worse: If CCS development were truly following the IEA’s 2022 net-zero scenario, operational capacity today would be about 12 times what it ended up being this year. The IEA’s 2024 scenario, released a few weeks ago, assumes that CCS capacity will be around 25 times greater in 2030 than it is today. It’s worth acknowledging the IEA can be circumspect about this. Its 2020 “CCUS” report looked back on an old ambitious scenario : CCUS deployment tripled over the last decade, albeit from a low base — but it has fallen well short of expectations. In 2009, the IEA roadmap for CCUS set a target of developing 100 large-scale CCUS projects between 2010 and 2020 to meet global climate goals, storing around 300 MtCO2 per year. Actual capacity is only around 40 Mt — just 13% of the target. Can you put a number on how badly Trump will screw the climate? Yes, many. Read More The IEA’s net-zero scenario was a big deal, when they first gave it a go in 2021 after pressure from climate groups. It was the first scenario the group published that started with a temperature goal, and then solved backwards. But to solve that equation, it has consistently relied on a volume of CCS deployment that doesn’t seem to be matched by real-world manifestation — and models need to change to reflect the persistent reality. To continue the comparison with wind and solar, these two technologies exhibit the exact opposite effect: the IEA’s scenarios have historically underestimated the deployment of the technologies (across all their scenarios). The two graphics below compare the 2014 “World Energy Outlook” scenarios, and their assumptions on wind and solar power generation, to the 2024 edition’s projections, overlaid with what both actually generated each year: Again, it’s worth defending the IEA here. It is keenly aware of how the technology is being proffered particularly by the fossil fuel industry in an absurd, over-stated context. It said as much in its 2023 “oil and gas transitions” report , where it pointed out CCS in a scenario with no change to the oil and gas produced would require “26,000 terawatt hours of electricity generation to operate in 2050, which is more than global electricity demand in 2022”, and would also require “over US$3.5 trillion in annual investments all the way from today through to mid-century, which is an amount equal to the entire industry’s annual average revenue in recent years”. The IEA has also been at pains to point out it is not the worst offender when it comes to leaning on CCS to model climate ambition, showing that its reliance on CCS in net-zero models is a lot lower than the IPCC’s reliance on CCS. It’s not wrong. To give you an idea — here are 146 1.5c-aligned IPCC scenario assumptions showing the total amount captured by CCS each year, compared to the actual installed capacity from the GCCSi database: Who’s paying for our trillion-dollar climate transition, and why are there so many oil lobbyists at COP29? Read More A recent study by Tsimafei Kazlou, Aleh Cherp and Jessica Jewell published in Nature showed that if you consider a reasonable but optimistic feasibility of CCS growth, that is still significantly slower than what 90% of IPCC 1.5c mitigation pathways assume (noting that the recent AR6 report does go to some lengths to include some CCS-free scenarios). “We show how realistic assumptions about failure rates, based on the history of CCS and other historical benchmarks, can identify a feasible upper bound of CCS capacity in 2030 (0.37 Gt yr)”. That is, to give you an idea, about 10 times smaller than the amount of CCS Equinor assumes in its “ambitious” climate scenario. The net result of a heavy dose of CCS assumptions in authoritative scenarios, projections and models — one that doesn’t reflect the real-world dynamics — is a significantly increased risk of missed targets, and a false impression of ambition. I have truly lost count of the number of times a fossil fuel company references either the IPCC, or the IEA, when justifying heavy, load-bearing promises on CCS. Here’s one nice, recent example. This is from ExxonMobil’s latest “Global Energy Outlook” , showing carbon capture growing at three times the rate of wind and solar, from 2022 to 2050. This isn’t Exxon’s own scenario assumption — this is ExxonMobil referencing the IPCC’s “below two degrees” scenarios: “See?? Even the climate scientists that you love and trust agree with us that leaning heavily on carbon capture is a totally fine thing to do”. I don’t know if it’s well recognised in the climate modelling community just how widespread stuff like this is, within fossil fuel company climate and sustainability claims. This is a truncated extract of a recent blog post by Ketan Joshi. Read the full version here . Have something to say about this article? Write to us at letters@crikey.com.au . Please include your full name to be considered for publication in Crikey’s Your Say . We reserve the right to edit for length and clarity.THE Philippine Economic Zone Authority (PEZA) said it is looking to nearly double the number of new economic zone (ecozone) proclamations to 30 next year. In a briefing, PEZA Director-General Tereso O. Panga cited the need to push out development to rural areas and bring more small and medium enterprises (SMEs) into the export economy. “We are very supportive of the plan how (for integrating) more SMEs into the value chain. To do that, we need to promote the creation of more economic zones in the countryside,” Mr. Panga told reporters on Friday. “(Ecozones) go hand in hand with SME development, including countryside development,” he added. The investment promotions agency proclaimed 16 ecozones involving investment of P5.637 billion in 2024. “If we can double (the number of proclamations), then that will definitely stimulate production as well as economic activity, especially in new growth areas,” he said. PEZA has reported that 27 ecozones proclaimed under the Marcos administration, involving investments worth P9.715 billion. Mr. Panga added that ecozones need a minimum of 25 hectares and investment of P1 billion to P2 billion. He said the growth areas for new ecozones include Calabarzon, Region 3, Cebu, and Mindanao. “The ones really making a big push for this are the (agriculture industry), because they are resource-seeking types of investments,” he added. He said that PEZA is also looking to expand its portfolio of information technology (IT) parks. “More IT parks are going into the cities and municipalities,” he added. PEZA said that it was targeting between P235 billion and P250 billion in investment next year. — Adrian H. Halili
On the other hand, K77, a young forward with blistering pace and a keen eye for goal, has been making waves in the lower leagues. His ability to play anywhere across the front line and his knack for finding the back of the net have made him a target for several top European clubs, with Liverpool leading the race for his signature.
The upcoming retrial promises to be a pivotal moment in the Yu Hua Ying case, with both supporters and detractors closely watching the proceedings. The judicial system will be under intense pressure to deliver a fair and transparent verdict that upholds the principles of justice and due process.
Amidst the chaos and turmoil of the battle, moments of camaraderie and friendship shine through. The bond between the members of the Fellowship is tested as they fight side by side against overwhelming odds. The emotional depth of their relationships is captured in poignant scenes that highlight the sacrifices they are willing to make for one another.JEE Advance schedule released, 13 centers in Telangana
The Saudi Traffic Department has announced that 20 vehicles collided on the Makkah Al-Mukarramah Road in Riyadh , killing one person and injuring ten. According to the Traffic Department on X , paramedics and police patrols were dispatched immediately following receipt of the report, prompting the start of legal proceedings. The collison’s exact causes and circumstances remain unknown, and investigations are currently underway. #المرور_السعودي يباشر حادث اصطدام (20) مركبة على طريق مكة المكرمة بمدينة الرياض – في حينه، نتج عنه (10) إصابات وحالة وفاة، وتم إنقاذ حالة احتجاز من @SaudiDCD ، واتخاذ الإجراءات النظامية. pic.twitter.com/vYyJZ4c6DF In another post on X, the Traffic Department emphasised the importance of maintaining a safe distance from vehicles to prevent unexpected incidents on the road. ترك المسافة الآمنة يساعدك على تفادي المفاجآت على الطريق. #مسببات_الحوادث_المرورية #عندك_وقت #سلامتك_تهمنا pic.twitter.com/Sg7wlUw9GrBy the third week of quitting coffee, you may begin to notice a more consistent level of energy throughout the day. Unlike the rollercoaster of energy spikes and crashes caused by caffeine, your energy levels are steadier and more sustainable. You may find that you no longer experience the mid-afternoon slump that used to send you reaching for another cup of coffee.As Hong Kong continues to grapple with economic challenges and political uncertainties, the sale of Chow Yun-fat and Jasmine Tan's mansion serves as a reflection of the evolving dynamics of the city's real estate market. The decision to part ways with their cherished home signifies a new chapter for the iconic couple, as they embark on a new journey towards simplicity and a more modest lifestyle.
GOLDEN, Colo.--(BUSINESS WIRE)--Dec 6, 2024-- Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) today announced that it has received notification from the NYSE American LLC (the “NYSE American” or the “Exchange”) that the Exchange determined to commence proceedings to suspend and delist the Company’s common stock as a result of its determination that the Company is no longer suitable for listing due to its non-compliance with Sections 1003(a)(i), 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide, which require the Company to report stockholders’ equity of $6.0 million or more if the Company has reported losses from continuing operations and/or net losses in its five most recent fiscal years, as previously reported. The Company anticipates that the Common Stock will begin trading on the OTC Pink Market under the symbol “AUMN” at the open of business on December 16, 2024. Shareholders do not need to take any action in connection with this transition. The Company’s stock will continue to be traded first on the NYSE American and immediately thereafter on the OTC Pink Market, and investors should be able to trade shares through their existing brokerage accounts. The Company is in the process of applying for quotation of its common stock on the OTCQB® Venture Market. The transition of the Company’s common stock to the OTC Markets will have no effect on the Company’s business or operations or its listing on the Toronto Stock Exchange, where it trades under ticker symbol “AUMN.” The Company expects to continue to maintain compliance with the reporting requirements of the Securities Act of 1934, as Amended, including the filing of periodic reports with the SEC under applicable federal securities laws that are available on the SEC’s website at www.SEC.gov . Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, such as statements regarding (i) timing of the NYSE American’s delisting and appeal procedures; (ii) the timing of the Company’s transition to the OTC Pink Markets; (iii) results of the Company’s application for quotation on the OTCQB; and (iv) the Company’s continual compliance with applicable SEC reporting requirements. These statements are subject to risks and uncertainties, including whether the Company will meet the eligibility requirements for quotation on the OTCQB; the inability of the Company to obtain sufficient capital to meet its obligations; increases in costs and declines in general economic conditions; changes in political conditions, in tax, royalty, environmental and other laws in the United States, Mexico or Argentina and other market conditions; and fluctuations in silver and gold prices. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the Securities & Exchange Commission by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Follow us at www.linkedin.com/company/golden-minerals-company/ and https://twitter.com/Golden_Minerals . For additional information, please visit http://www.goldenminerals.com/ . View source version on businesswire.com : https://www.businesswire.com/news/home/20241206166798/en/ CONTACT: Golden Minerals Company (303) 839-5060 KEYWORD: COLORADO UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Golden Minerals Company Copyright Business Wire 2024. PUB: 12/06/2024 05:45 PM/DISC: 12/06/2024 05:43 PM http://www.businesswire.com/news/home/20241206166798/en
Bamboo Technology's HereHear Virtual AI Therapist Joins Berkeley Skydeck IPP Program
In a world where technology and storytelling converge, a new era of limitless possibilities emerges. It is a realm where the realms of imagination and innovation intertwine, bringing to life tales of valor and triumph. It is within this realm that Three Samsung Monitors and "The Lion King: Legend of Mufasa" unite, embarking on a noble quest to conquer new frontiers and unveil the mysteries of the digital kingdom.None
Realme has announced the launch of the Realme 14 Pro series. The new smartphones will arrive next month, but the exact date has not been revealed yet. The series will include two models: Realme 14 Pro and Realme 14 Pro+. Both will feature a unique color-changing back panel. This isn’t the first time Realme has used such technology. The also had a color-changing rear design. However, that model changed color under UV light. The Realme 14 Pro is different. Its back panels will change color when the temperature drops to 16°C or lower. We recently got a closer look at the Realme 14 Pro+. Its temperature-sensitive color-changing feature is impressive. The design responds beautifully to colder environments. We’ve also shared some on the Realme 14 Pro+, giving a sneak peek into its capabilities. Realme hasn’t shared the full specifications of the Realme 14 Pro and Realme 14 Pro+. However, one key detail is confirmed. The Realme 14 Pro+ will be running the chipset. This processor offers strong performance and energy efficiency, making it ideal for multitasking and gaming. Realme continues to focus on innovation and stylish designs. With the Realme 14 Pro series, the brand aims to stand out in the crowded smartphone market. The color-changing back panel is a unique feature that adds a fun and dynamic touch. Stay tuned for more details as Realme continues to tease information about the in the days leading up to the launch. Whether it’s performance, design, or innovation, the Realme 14 Pro series is expected to deliver on all fronts, making it a launch worth anticipating.Biden Is Considering Preemptive Pardons for Officials and Allies Before Trump Takes OfficeConcerned by Mrs. Chen's appearance and demeanor, the street vendor, a kind-hearted man named Mr. Li, approached her and offered her a seat in the shade. Sensing that something was amiss, Mr. Li struck up a conversation with Mrs. Chen and learned of her predicament. With a compassionate heart, he provided her with a bottle of water and a few apples to quench her thirst and hunger.
As the transfer saga surrounding Edin Dzeko continues to unfold, one thing is evident – the Bosnian striker's talent and impact have not gone unnoticed. Whether he stays at Dortmund or makes a move to the Premier League, Dzeko's next steps will be closely watched by football fans around the world.Report: Iowa CB Jermari Harris opts out of rest of seasonThe relationship between Elon Musk, the billionaire CEO of Tesla and SpaceX, and his son X Æ A-12 Musk, has once again made headlines as the young child recently made a surprising statement on social media. In a tweet that has since been deleted, X Æ A-12 Musk boldly proclaimed that his father should "save America" from its current challenges. This unexpected call to action has sparked widespread interest and raised questions about the dynamic between the father and son.