article thumbnail

Banks Continue to Prop Up the Fossil Fuel Industry

Union of Concerned Scientists

The United Nations’ Intergovernmental Panel on Climate Change warns that all scenarios to meet the Paris Agreement ’s targets for holding planetary temperatures under 1.5 degrees Fahrenheit from pre-industrial levels require “rapid and deep and, in most cases, immediate greenhouse gas emissions reductions in all sectors this decade.”

article thumbnail

In the Race for Clean Energy, the United States is Both a Leader and a Laggard—Here’s How

Union of Concerned Scientists

degrees Fahrenheit) limits of the 2015 Paris Agreement. Doing so would generate tremendous benefits, including a more than $100 billion reduction in consumer energy costs in 2030, $800 billion in public health benefits by 2050, and nearly $1.3 degrees Celsius (2.7-degrees trillion in avoided climate damages by 2050.

Insiders

Sign Up for our Newsletter

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

article thumbnail

South Korea and Climate Change

Legal Planet

Two thirds of generation capacity is based on fossil fuels, split evenly between coal and natural gas, with 17% nuclear, and 14% hydro and other renewables. 50% coal, 26% gas, and 25% nuclear. In 2021, South Korea set a target under the Paris Agreement of a 40% cut from 2018 levels by 2030.

article thumbnail

Climate Policy in the World’s Fourth Largest Country

Legal Planet

Indonesia’s 2021 climate pledge under the Paris Agreement was to reduce emissions from 2020-2030 by 29%. The baseline for measuring these cuts is the 2030 business as usual scenario, which would feature hefty increases in emissions. This was an increased unconditional commitment compared to the 2010 pledge of 26%.

article thumbnail

Pittsburgh 2030 District Announces Significant Progress In Reducing Carbon Emissions - 44.8% From Baseline; Savings Of $59.7 Million In Utility Costs

PA Environment Daily

The Pittsburgh 2030 District , a project of the Green Building Alliance , has released its 2022 Progress Report , revealing District property partners have reduced carbon emissions by 44.8% This achievement moves the District within range of reaching its target goal of 50-65% reduction in carbon emissions before the 2030 deadline.

article thumbnail

Analysis: Argentina targets huge expansion of renewable energy by 2030

A Greener Life

billion of hydropower investments by 2030. By Fermín Koop New government plan says US$86 billion of spending needed to boost energy transition – while backing natural gas too. billion of solar energy investments by 2030, which could provide 3.1 The country’s new energy transition plan targets an estimated US$7.4

article thumbnail

Bloomberg TV: Canada’s Energy Minister: Period Of Using Natural Gas As Transition Fuel Should Be Short; Gas Should Not Replace Renewables; Canada Has Adopted Controls On LNG Exports The US Has Not

PA Environment Daily

On February 14, 2024, Jonathan Wilkinson, Canada Minister of Energy and Natural Resources, shared comments with Bloomberg TV on use of natural gas as a transition fuel and the Biden Administration's pause on new permits for LNG natural gas export facilities. What's The LNG Being Used For?