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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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Paris Agreement Article 2.1(C) sounds obscure – but it packs a big punch for cleaning up the financial sector.

Enviromental Defense

C) of the Paris Agreement has significant implications for how the global financial system works and will be a centrepiece of the coming years. The first priority following the 2015 Paris Agreement was to clean up public financing, so Article 2.1(C) C) of the Paris Agreement. Article 2.1(C)

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Unrelenting Heat Requires Accountability and Action

Union of Concerned Scientists

Right in the middle of Danger Season , we are going through a period of unprecedented global extreme temperatures driven by fossil-fueled climate change. It is very likely that 2023 will be among the hottest years ever, if not the hottest year ever recorded. Unprecedented changes This June was the hottest June on record.

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Reevaluating the Role of Fossil Gas in a Decarbonizing Grid

Union of Concerned Scientists

However, as we replace fossil fuels with clean electricity for heating and transportation to meet our climate goals, these peak demands will increasingly shift to the winter in many parts of the country. It’s worth delving into because it has some important implications for our clean energy future.

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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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MAS Launches Singapore-Asia Taxonomy

Clean Energy Law

Green , James Bee , and Kevin Mak On 3 December 2023, the Monetary Authority of Singapore (MAS) unveiled the Singapore-Asia Taxonomy for Sustainable Finance (Taxonomy) at the United Nations COP28 climate conference in Dubai. beyond those that have already been signed by December 2023). Davies , Farhana Sharmeen , Michael D.

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Analysis: New coal mines add question mark to India’s climate commitments

A Greener Life

At COP28 , on 9 December, India’s environment and climate change minister Bhupender Yadav affirmed the country’s “trust and confidence” in the Paris Agreement , whilst highlighting the country’s achievements in emissions reduction. To boost domestic supply rather than be reliant on coal, India has aggressively expanded its coal mines.