Remove 2009 Remove Fossil Fuels Remove Renewable Energy
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STATEMENT: Wealthy countries fail to deliver on climate finance at COP29 

Enviromental Defense

When you account for inflation, the new target of $300 billion barely exceeds the previous global commitment that was set in 2009. In 2023 at COP28 , countries agreed to “transition away from fossil fuels” and scale up renewable energy and energy efficiency.

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All Eyes on Baku: Expectations for Canada at COP29

Enviromental Defense

After 30 years of international negotiations failing to mention the root cause of the climate crisis, the acknowledgement that we must phase out all fossil fuels and massively scale up renewable energy in order to effectively tackle the climate crisis, was both long overdue and extremely significant.

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Climate Experts Available to Comment on COP29 from Baku, Azerbaijan and in Canada

Enviromental Defense

Our experts will be able to provide insight on the negotiations at COP29 – including on issues related to climate finance, the energy transition and fossil fuel subsidies. The next round is due in February 2025. 30 – For more information or to request an interview, please contact: Alex Ross, media@environmentaldefence.ca

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China, Climate, and Clean Energy

Legal Planet

However, China will also have to fix problems that have led to an underuse of renewable capacity and a preference for fossil fuel generation on the grid. It’s going to take some serious effort to cut China’s emissions but growth in renewable energy should make that feasible. million exports in 2023.

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What’s Stalling the Transition to a Modern Electricity Grid?

Union of Concerned Scientists

Smaller, decentralized growth in electric heat pumps for buildings, and electric transportation replacing fossil fuels also require more access to electricity and a modern grid. Add the supply We have more energy-producing facilities than ever before, and the United States is producing record levels of energy.

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Wind and solar are now cheaper than fossil fuels

Edouard Stenger

For years, grid parity – the time when solar and wind would be cost-competitive with fossil fuels and nuclear – was the holy grail of renewables energy, a target to reach in a distant future. But utility-scale solar PV is at $50 (-72% since 2009) and wind reaches $45 (-47%). But the future is now. .

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What is sustainable finance and why should the Canadian government regulate it?

Enviromental Defense

But Canada’s largest financial institutions still fund fossil fuel expansion projects and are too slow to invest in climate solutions. For example, many investors fund climate solutions, like renewable energy, but they also need to stop funding projects that cause the climate crises. Why is this? .