Remove 2022 Remove Fossil Fuels Remove Government Remove Paris Agreement
article thumbnail

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

Union of Concerned Scientists

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. What can be done?

article thumbnail

G20 still paying billions in fossil fuel subsidies

A Greener Life

Two-thirds of the G20’s public finance for energy went to fossil fuels in 2019–2020. The G20 group of nations provided nearly US$200 billion in support of fossil fuels in 2021, despite the worsening impacts of the climate crisis and their pledge in 2009 to phase out “inefficient” subsidies. By Catherine Early.

Insiders

Sign Up for our Newsletter

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

article thumbnail

At COP28, Canada signs on to Joint Ministerial Statement on Fossil Fuel Subsidies 

Enviromental Defense

Statement from Julia Levin, Associate Director, National Climate Dubai, UAE – Today at COP28 Canada joined eight other countries in signing a Joint Ministerial Statement on Fossil Fuel Subsidies , to address inaction on a 14 year old commitment to eliminate fossil fuel subsidies.

article thumbnail

Western Wildfires are Burning Through Local and State Budgets 

Union of Concerned Scientists

For years, fossil fuel companies have socialized the costs of their pollution while privatizing the benefits. Since local and state governments are on the frontlines of paying for worsening wildfires, they should also be on the leading edge of holding fossil fuel companies accountable. Source: Statista 2023.

article thumbnail

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

Union of Concerned Scientists

Under the 2015 Paris Agreement, the United States voluntarily pledged to reduce its global warming emissions at least 50 percent below their 2005 levels by the end of this decade and reach net-zero emissions no later than 2050. It also will save US consumers money because they will spend less on fossil fuels.

article thumbnail

The journey to a climate-safe future for all does not include fossil fuels

Enviromental Defense

This will be the first time that the CER will model a net-zero scenario, which is a big deal, since the models showcased in the Energy Futures report are used for decision-making by the governments and private sectors. Canada isn’t the only country that has communicated support for some form of fossil fuel phase out.

article thumbnail

Sustainable Finance 101: Transforming Finance for a Sustainable Future

Enviromental Defense

Canada promised to cut its greenhouse gas emissions after the 2016 Paris Agreement. It was part of the global agreement where 195 countries all agreed to reduce their emissions, and Canada has set this promise into law. The federal government has set targets and policies for most sectors in the economy….except