Activists condemn London Science Museum over coal-linked sponsorship

Tie-up with subsidiary of the Adani Group denounced as 'reckless.'

Activists condemn London Science Museum over coal-linked sponsorship

Climate activists have hit out after the London Science Museum announced that its new “Energy Revolution” gallery will be sponsored by a subsidiary of the Adani Group, a conglomerate with coal mining operations in India, Indonesia and Australia.

The “Adani Green Energy Gallery” will open in 2023 and, according to a statement, will “explore the latest climate science and the energy revolution needed to cut global dependence on fossil fuels and achieve the Paris targets to limit global warming to around 1.5 degrees Celsius above pre-industrial levels.”

Climate activists condemned the agreement as “reckless,” as Adani Green Energy is the wind and solar energy arm of the Adani Group, which is responsible for some contested coal mining projects, such as the Carmichael coal mine in Australia.

“Their enthusiasm for fossil fuel partnerships has turned controversy into a crisis of credibility, and they must be held to account for their reckless decisions,” said Jess Worth, co-director of Culture Unstained. The London Science Museum was also criticized in June for a partnership with Shell.

“We’re hugely grateful to Adani Green Energy for the significant financial support they are providing for this gallery,” said Mary Archer, chair of the board of trustees of the London Science Museum.

In two weeks, the COP26 climate summit will be starting in Glasgow where global leaders are expected to discuss rolling back the use of coal globally, with Alok Sharma, COP26 president, saying he wants to “consign coal to history.”

Source : Politico EU More   

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Bill Gates bets £200M on UK’s underinvested green tech

Gates and the UK government vow to scale up green technologies and bring down their cost.

Bill Gates bets £200M on UK’s underinvested green tech

LONDON — Microsoft billionaire Bill Gates and U.K. Prime Minister Boris Johnson are pouring a combined £400 million into scaling up underinvested green technologies to cut carbon emissions in Britain.

The two announced the pledge at the Global Investment Summit Tuesday. The event, designed to promote investment in Britain ahead of the COP26 climate summit, has attracted 200 investors — including big-name bankers at Goldman Sachs, JPMorgan and Blackrock — with nearly £10 billion in deals announced.

“When the green premium is very high, you need to activate innovation,” Gates said during a discussion with Johnson at the event.

The tie-up will see Gates’ firm, Breakthrough Energy, and the U.K. government put up £200 million each to boost projects in green hydrogen, long-term energy battery storage, sustainable aviation fuels and direct air capture of carbon.

“We will scale those up and bring down that cost,” Gates said. Technologies like green hydrogen, he said, are currently “ridiculously expensive.” Gates said we wants to make them as affordable as wind and solar power.

The government committed at least £200 million to these technologies last November as part of its £1 billion Net Zero Innovation Portfolio.

The British state will also tell Gates’ Breakthrough Energy Catalyst which projects to funnel investments into. “We’ll make sure that we have private sector management power behind those projects,” Gates said.

“What we’re saying today is we want to invest in the [technologies] that are not attracting the support that they might,” Johnson said. Lowering the cost, the British leader added, will help “support countries that are a long way off” from meeting their Paris Agreement carbon emissions reduction targets.

Source : Politico EU More   

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