Remove Carbon Emissions Remove Clean Energy Remove Electricity Remove Fossil Fuels
article thumbnail

Banks Continue to Prop Up the Fossil Fuel Industry

Union of Concerned Scientists

Last month, the British-based Bureau of Investigative Journalism (TBIJ) reported that London-based HSBC, one of the world’s top-10 biggest banks, has helped raise $47 billion for the fossil fuel industry since its 2022 announcement that it would not finance new gas and oil infrastructure. degrees Celsius, or 2.7

article thumbnail

Ask a Scientist: The US Has to Do More to Meet Its Carbon Emissions Reduction Goals

Union of Concerned Scientists

The legislation committed nearly $400 billion to support, among other things, wind and solar power, battery storage, electric vehicles, and other clean energy technologies that will make a significant dent in US heat-trapping emissions. It also will save US consumers money because they will spend less on fossil fuels.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In the Race for Clean Energy, the United States is Both a Leader and a Laggard—Here’s How

Union of Concerned Scientists

Announcing recently that the world broke a record by generating 30 percent of all electricity from renewable sources in 2023, the British think tank Ember said the data proves we are in a “new era” of energy in which a permanent decline in fossil fuels is “inevitable.” More on that shortly. Providing just 1.1

article thumbnail

Driving on Electricity Is Now Much Cleaner than Using a Gasoline Car

Union of Concerned Scientists

Replacing gasoline with electricity greatly reduces the carbon emissions from driving. And for the first time, we find that for everyone in the US, driving the most efficient EV produces less global warming emissions than any gasoline-only vehicle available (including non-plug-in hybrids).

article thumbnail

What Fixed Charges on Your Electric Bill Could Mean for Charging an EV in California

Union of Concerned Scientists

Residential electricity rates for many Californians have increased significantly over the last year, making it more expensive to charge an electric vehicle (EV) at home. It’s still cheaper to recharge an EV than buy gasoline, but those savings have been eroded by surging electric rates. to $9.54.

article thumbnail

Using the Debt Ceiling to Advance Fossil Fuels Over Renewables is Bad Faith Bargaining

Union of Concerned Scientists

Alarmingly, this proposed legislation would abandon recent investments in renewable energy while boosting fossil fuel production, alongside other potentially harmful provisions. The Republican plan would also repeal incentives for manufacturing and owning electric vehicles. Late last month, the House passed H.R.

article thumbnail

Michigan Policymakers Must Keep Working Toward an Equitable Clean Energy Future

Union of Concerned Scientists

Senate Bill (SB) 271 requires utilities to achieve, at a minimum, renewable energy-generated electricity sales of 50 percent in 2030 and 60 percent in 2035. Additionally, SB 271 requires utilities to achieve a “clean energy” portfolio of at least 80 percent in 2035 and 100 percent in 2040. What’s In the Bills?