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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

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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. But first, the undeniably good news.

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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. How is that going to happen? Their report, however, comes with a warning.

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30 Major Climate Initiatives Under Biden

Legal Planet

By one count , Biden has overturned more than two dozen of Trump actions affecting the fossil fuel industry. Biden sets target of at least 50% reduction in carbon emissions below 2005 levels by 2030. Transportation Emissions November 15, 2021. Energy Sector Emissions May 11, 2021. April 22, 2021.

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Midwest Transmission System Investments Will Be a Game Changer for a Clean Energy Future  

Union of Concerned Scientists

The most consequential vote to advance a clean energy future won’t be happening in Washington, D.C., billion in new transmission investments to accommodate a shift to clean energy. billion in new transmission investments to accommodate a shift to clean energy. or your state capital next week. billion to $11.6

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How Much Land Would it Require to Get Most of Our Electricity from Wind and Solar?

Union of Concerned Scientists

A recent National Renewable Energy Laboratory (NREL) study shows that it would take less than 1 percent of the land in the Lower 48—that’s an area comparable to or even smaller than the fossil fuel industry’s current footprint. Rooftop solar deployment, meanwhile, doesn’t require any land. times current levels by 2035.

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Boosting Michigan’s Energy Future with Regional Transmission Upgrades

Union of Concerned Scientists

Today, the regional entity overseeing much of the electric power grid in the Midwest—the Midcontinent Independent System Operator (MISO)—approved a set of major new transmission system upgrades that will bring billions of dollars in benefits to the region while better enabling states and utilities to pursue transitions to clean energy.