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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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Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

Last week, I joined my colleagues at COP28 in Dubai , as negotiators and civil society push for a fossil fuel phaseout to meet climate goals. This year there has been a lot of attention on the more than 2,400 oil and gas lobbyists at the climate meetings. Source: IPCC Sixth Assessment Report.

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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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Storm Elliott Knocked Out Fossil-Fuel Power. We’ve Been Here Before.

Union of Concerned Scientists

Utilities and grid operators prepared for the storm as it was coming down the pike, but they still underestimated the energy demand it would trigger, as well as the number of outages at fossil fuel power plants—mainly natural gas-fired, plus some coal-fired plants.

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Good News—and Bad—about Fossil Fuel Power Plants in 2023 

Union of Concerned Scientists

With the clean energy transition already under way, the US electricity mix is set to continue changing this year. Solar power is expected to make up about half of all additions of US electric generating capacity in 2023, according to data from the US Energy Information Administration (EIA). I’ll start off with the good.

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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. Examining Supply-Side Options to Achieve 100% Clean Electricity by 2035.)

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Bolivia has high solar power potential but faces challenges scaling up

A Greener Life

Perched at 3,730 metres above sea level in the community of Ancotanga, the Oruro solar power plant is one of the flagship projects in Bolivia’s energy transition. We are generating economic development and guaranteeing electricity for the [Oruro] department, taking care of Pachamama [Mother Earth],” he tweeted.