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

A Greener Life

By Anders Lorenzen The renewable energy sector experienced record growth in 2022 of 1%. But despite this, it did not shift the dominance of fossil fuels. They still account for 82% of the global energy supply according to the industry’s Statistical Review of World Energy released this week.

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What EXACTLY Did the UN Conference Decide?

Legal Planet

This group of nearly all the world’s nations says that it: [R]ecognizes the need for deep, rapid and sustained reductions in greenhouse gas emissions in line with 1.5 °C Non-CO2 greenhouse gases. In a fourth significant subsection, section 28 highlights the role of greenhouse gases other than carbon dioxide.

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Analysis: Argentina targets huge expansion of renewable energy by 2030

A Greener Life

The country will also target 5,000 kilometres of new transmission lines, an 8% reduction in overall energy demand, and one gigawatt (GW) of distributed generation, with the government putting the plan’s estimated costs at US$86.6 These targets represent a potentially significant shift in Argentina ’s energy mix.

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Illuminating a Path to a Cleaner and More Resilient Energy System in Cuba

Law Columbia

and Cuban governments could help to drive renewable energy development in the island nation, in a manner that benefits the Cuban people as well as the interests of people throughout the region. Cuba’s power system is currently heavily reliant on fossil fuels. policy also has a significant impact on Cuba’s energy sector.

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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 degrees Celsius, or 2.7

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Guest Essay: COP26 Shines A Light On The End Of Fossil Fuels

PA Environment Daily

degree C of warming by 2100 as opposed to the Paris Agreement aspiration of 1.5 Among those contradictions is the need to wean society off fossil fuels versus the desire for short-term economic gain. That draft called on “Parties to accelerate the phasing-out of coal and subsidies for fossil fuels.”

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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. COP28 is the first time that a final COP agreement has called upon countries to reduce their fossil fuel usage in some way.