Remove Carbon Emissions Remove Fossil Fuels Remove Paris Agreement Remove Renewable Energy
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

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. degrees Celsius (2.7-degrees

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Union of Concerned Scientists

However, several analyses—including a recent one by the Union of Concerned Scientists (UCS)—have concluded that the IRA, even when coupled with the bipartisan infrastructure act and other federal and state climate policies, will not be enough to meet US carbon emission reduction goals. Energy efficiency also plays a critical role.

article thumbnail

The Scariest Movie Ever: “President Trump, Part II”

Legal Planet

But the result would surely be a surge in carbon emissions, dooming us to even more severe climate change. The federal government has gotten a late start in cutting US emissions anyway, due to Republican resistance. will once again withdraw from the Paris Agreement. Would a Trump victory be the end of the world?

article thumbnail

South Korea and Climate Change

Legal Planet

With economic growth have come carbon emissions. As of 2016, half of its total emissions are from the power sector, with 20% from industry and 15% from transportation, and. According to the Energy Information Agency , South Korea’s power sector is heavily reliant on fossil fuels.

article thumbnail

Banking Against Science: Financial Institutions Continue to Fund Climate Destruction

Union of Concerned Scientists

At the start of the recent COP 27 climate meeting in Egypt, a United Nations report on the role of financial institutions in controlling climate change said, “There is no room for new investment in fossil fuel supply.”. With COP 27 now concluded, fossil fuel investment remains the elephant in the room.

article thumbnail

Climate Policy’s “Plan B”

Legal Planet

It was supposed to feature binding restrictions on carbon emissions in a global treaty and federal legislation. With the help of dramatic personal intervention by Obama, what came instead was the Copenhagen Agreement, a non-binding framework that called for developed countries to submit their own emission targets.