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Is the Canada Growth Fund Just a Fossil Fuel Slush Fund?

Enviromental Defense

Earlier this month at COP28 countries committed to transitioning off of fossil fuels and massively scaling up renewable energy instead. So you’re excused if, like me, you’re baffled by Minister Freeland’s first move in the wake of COP28: a giant new fossil fuel subsidy, via the new Canada Growth Fund.

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Report from COP27: The Fossil Fuel Industry Continues to Block the Path to Climate Justice

Union of Concerned Scientists

The destruction caused by climate change is directly linked to human activity, primarily burning fossil fuels. There are multiple realistic, tangible solutions that would rapidly reduce greenhouse gas emissions worldwide, yet policy addressing anthropogenic climate change remains slow and insufficient.

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What? A new fossil fuel subsidy in 2023!

Enviromental Defense

They are useful tools for incentivizing things that we want more of – like renewable energy. That’s what the proposed clean energy tax credit does. Hydrogen, like electricity, is an energy carrier – it can be used to store and deliver usable energy, for example to a cement or steel factory or to produce fertilizer.

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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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Statement on the Government of Alberta’s Moratorium on Renewable Energy Projects

Enviromental Defense

This moratorium on renewable energy is bad for business, bad for the environment and bad for Albertans. Scaling up renewable energy is essential to addressing the climate crisis. Alberta has been Canada’s leading province for building renewable energy. Stopping now makes no sense.

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G7 Moving Towards Renewable Energy and Zero Carbon

Environment + Energy Leader

The post G7 Moving Towards Renewable Energy and Zero Carbon appeared first on Environment + Energy Leader. Likewise, they also discussed the importance of critical minerals, ones often used in high-tech products, as needing to adopt ethical and environmental standards.

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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.