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An A to Z of Fossil Fuel Industry Deception

Union of Concerned Scientists

This year has brought new evidence of what major fossil fuel companies knew and when about the role their products play in climate change, as well as what they did in spite of what they knew. They enable us to strengthen our balance sheet and high grade or diversify our portfolio.

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

Union of Concerned Scientists

GW record from 2021. And fossil fuel power plants may not stick to their retirement schedules for a variety of reasons. Note: this is adjusted for inflation to 2022 dollars and is based on the amount those plants emitted in 2021, the EIA’s most recent year of finalized data. A bit more on those reasons later.

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Five Grid Plans to Cut Fossil Fuel Dependence

Union of Concerned Scientists

Replacing fossil fuels with renewable energy from wind and solar will depend on upgrading the electric power grid, which is currently plagued by planning delays and gridlock. The 2021 law allows, but does not require, PJM to plan ahead because various fossil fuel plants must reduce and then cease emissions by a specific date.

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RePlanet Nederland’s review of the draft Delegated Regulation on nuclear energy and gaseous fossil fuels in the sustainable finance taxonomy

Environmental Progress

At RePlanet Nederland, we are delighted that the European Commission has proposed, on December 31, 2021, to include nuclear energy in the sustainable finance taxonomy. Notably, in the same proposal, the Commission has also included screening criteria for gaseous fossil fuels.

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Governing Emissions Trading in California and China

Legal Planet

As of 2021, 30 emissions trading systems were in force globally, covering 16 – 17 % of global greenhouse gas (GHG) emissions. As a compromise, California law (AB 398) has limited offsets to 4% of compliance obligations for the 2021-2025 period and capped the offsets without in-state benefits that can be utilized for compliance. .

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Something Stinks: California Must End Manure Biomethane Accounting Gimmicks in its Low Carbon Fuel Standard

Union of Concerned Scientists

California’s transportation fuel policy is knee deep in cow poop, and it’s not a good look. The California Air Resources Board (CARB) is considering amendments to its Low Carbon Fuel Standard (LCFS) regulation, but indicated they have no plans to address the problems caused by counter-productive subsidies for manure biomethane.

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The Energy Transition is Underway but More Needs to be Done for a Climate-Safe Future

Enviromental Defense

In this year’s edition of World Energy Outlook , the International Energy Agency showed that with the rapid roll out of renewable energy technologies, the demand for fossil fuels – gas, coal and oil – will peak this decade. These wildfires are the result of producing and burning fossil fuels. This is a big deal.