Remove 2023 Remove Fossil Fuels Remove Paris Agreement Remove Renewable Energy
article thumbnail

The Fossil Fuel Industry Continues Producing Heat-Trapping Emissions that Drive Climate Change

Union of Concerned Scientists

A new dataset released by InfluenceMap provides information on heat-trapping emissions traced to the 122 largest investor and state-owned fossil fuel companies in the world. Fossil fuels are the main driver of climate change and the terrifying effects of it that we see happening across the world.

article thumbnail

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

Union of Concerned Scientists

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). Compiled by UCS from Energy Information Administration data as of January 2023. The general outlook includes some good news and some bad news.

Insiders

Sign Up for our Newsletter

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

article thumbnail

As COP27 Climate Talks in Egypt Begin, Can We Get Off the ‘Highway to Climate Hell’?

Union of Concerned Scientists

The world is already experiencing mounting dangerous climate extremes , the last eight years have been the hottest on record, and the current trajectory of heat-trapping emissions is wildly off-course from where it needs to be to meet the goals of the Paris Agreement.

article thumbnail

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.

article thumbnail

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

article thumbnail

What Does COP28 Mean for the Private Sector?

Capaccio

The 2023 United Nations Conference of the Parties (COP28) marked the first Global Stock take to assess progress toward the Paris Agreement since its ratification in 2015 at COP21. This agreement calls on all Parties to contribute to doubling energy efficiency and tripling renewable energy capacity by 2030.

article thumbnail

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

A Greener Life

Despite a significant uptake of renewable energy, India still relies on coal plants for more than half of its installed electricity supply. By Rejimon Kuttappan Along with a major expansion of renewable energy, India is also pushing for big increases in its coal production, casting doubt on its climate commitments.