May 3, 2023 - Your Scoop in CDR!

Rich nations to meet overdue $100 billion climate pledge this year Wealthy nations are on track this year to meet their overdue $100-billion climate finance pledge to developing countries that was promised from 2020 on.

Carbon Brief report- January, 2023 -The state of 'carbon dioxide removal' in seven charts

• Virtually all CDR happening now comes from managed forests.

• All pathways that meet global climate goals involve additional CDR.

• There is a gap between how much CDR countries are planning and what is needed to meet the Paris temperature goal.

• CDR research is concentrated on particular methods and regions.

• Innovation in CDR is active and growing.

• Public awareness is low, but CDR is becoming more of a talking point.

• The coming decade is crucial for future CDR.

'Explosive' growth means one in three new cars will be electric by … More than one in three new vehicles sold in 2030 will be electric thanks to “explosive” growth in the market, according to the International Energy Agency (IEA). The influential Paris-based group says electric cars are already on track to make up 18% of sales in 2023. With new policies driving growth in the US and the EU, the share of electric models in 2030 is now set to be more than double what it expected just two years ago.

The expansion means that the demand for oil-based fuels such as petrol and diesel in the road transport sector will start to decline within just two years. Around 5% of current oil demand will have been wiped out by 2030, it adds.