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What you need to know

Solar+batteries cheaper than coal in China, others soon

Why this matters? Extraordinary cost reductions. 24/7 renewables will be cheaper than fossils in many places, soon.
What’s changed? We know how solar costs drop - batteries now plummeting. Amazing.
Read more: Carbon Brief 

Shell: fakes carbon credits to pocket $200m

Why this matters? Everyone uses carbon credits but they are mostly terrible or cons. Another day, another scandal.
Caveat emptor? Absolutely. You need to decarbonise your own operations. Relying on others is risky.
Read more: CBC

CEOs heads turned by AI, not energy

Why this matters? EY found that over a 3-year timeframe, sustainability was the top priority - but AI is grabbing attention.
The challenge? Sustainability will transform everything, but is long-term investment. Start late and you’ll be behind.
Read more: EY 

One thing to worry about

CO₂ rising faster than ever— up 5ppm in 12 months to 425ppm (Scripps).

Real-world impacts this week:

• >100 countries broke temperature records in the first week of May (@extremetemps)

• Venezuela’s glaciers are gone (BBC)

• 11 straight months of the hottest months ever (Copernicus)

One thing to be optimistic about

Portugal astonishes: 91% of 2024’s power from renewables. 95% in April 💥. Not so long ago people said this would be impossible (EuroNews)

Globally, we hit 30% renewables over a year for the first time (Reuters). Energy is more than electricity, but this is good news.

If you’ve got more time, watch this…

A survey showed climate scientists think we’re headed for >2.5°C warming (Guardian).

What would this look like? The Economist had a go in this video.

TLDR? Civilisation, as we know it, collapses 😳.

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I’m Founder & CEO of Beaverbrook Energy - supporting companies in the energy transition. Hit reply to setup a free call on your energy challenges.