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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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Singapore Publishes Eligibility List Under the International Carbon Credit Framework

Clean Energy Law

The Eligibility List followed the signing of an inaugural Article 6 implementation agreement with Papua New Guinea on carbon credits cooperation. The Eligibility List for a given host country will be established under the corresponding implementation agreement. Davies , Jean-Philippe Brisson , Farhana Sharmeen , Don Stokes , Michael D.

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Reevaluating the Role of Fossil Gas in a Decarbonizing Grid

Union of Concerned Scientists

It’s worth delving into because it has some important implications for our clean energy future. Source: UCS Accelerating Clean Energy Ambition. Source: NREL, 100% Clean Electricity by 2035 study. Decarbonizing the power sector also plays a critical long-term role by replacing fossil fuels in other sectors.

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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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Unrelenting Heat Requires Accountability and Action

Union of Concerned Scientists

It is very likely that 2023 will be among the hottest years ever, if not the hottest year ever recorded. June 2023 was the hottest June on record, with the majority of locations around the world experiencing temperatures much higher than in recent decades (1991-2020). Unprecedented changes This June was the hottest June on record.

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Corporate Due Diligence Rules Agreed by European Council and European Parliament

Clean Energy Law

Green , and James Bee On December 14, 2023, the European Council (Council) and European Parliament (Parliament) reached provisional agreement on the Corporate Sustainability Due Diligence Directive (CSDDD). Davies , Michael D.