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Banks Continue to Prop Up the Fossil Fuel Industry

Union of Concerned Scientists

The hypocrisy of the world’s biggest banks on climate change keeps mounting. 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 It was another corporate spit in the face of science.

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Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

Last week, I joined my colleagues at COP28 in Dubai , as negotiators and civil society push for a fossil fuel phaseout to meet climate goals. This year there has been a lot of attention on the more than 2,400 oil and gas lobbyists at the climate meetings. Source: IPCC Sixth Assessment Report. billion on advertising.

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

Union of Concerned Scientists

Announcing recently that the world broke a record by generating 30 percent of all electricity from renewable sources in 2023, the British think tank Ember said the data proves we are in a “new era” of energy in which a permanent decline in fossil fuels is “inevitable.” degrees Fahrenheit) limits of the 2015 Paris Agreement.

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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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30 Major Climate Initiatives Under Biden

Legal Planet

In his four years in office, Donald Trump rolled back essentially every existing federal policy to limit climate change. By one count , Biden has overturned more than two dozen of Trump actions affecting the fossil fuel industry. And we could see yet another U-turn in climate policy after the November election.

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

Union of Concerned Scientists

Last year, Congress passed the most ambitious climate bill ever enacted, the Inflation Reduction Act. The legislation committed nearly $400 billion to support, among other things, wind and solar power, battery storage, electric vehicles, and other clean energy technologies that will make a significant dent in US heat-trapping emissions.

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Even record renewable energy growth did not hamper the fossil fuel sector in 2022

A Greener Life

But despite this, it did not shift the dominance of fossil fuels. Last year a total of 266 gigawatts (GW) of renewables was installed, with solar power leading the field. We are still heading in the opposite direction to that required by the Paris Agreement.” Photo credit: Reuters / Louisa Off.