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

A Greener Life

Solar panels in the Bavarian Holledau region in Au, Germany. 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. The energy data Excluding hydropower, renewables accounted for 7.5%

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Building a Better Power Grid for Minnesota

Union of Concerned Scientists

Minnesotans are facing concurrent crises of climate change, high energy prices and inflation, and the inequitable public health impacts of fossil fuel air pollution. Renewable energy will help with all of that—but we need a grid that is designed for wind and solar instead of having to rely on expensive coal and gas plants.

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Renewables smash fossil fuels at cost

A Greener Life

New research from the International Renewable Energy Agency (IRENA) confirms renewables are continuing to outpace fossil fuels on cost. They found that the share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020. C climate pathway.

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Oil majors are eying up renewable energy projects

A Greener Life

In order to make their portfolio more sustainable and respond to lower fossil fuel demand, oil majors are increasingly snapping up renewable energy projects as the pressure grows to take action on climate change. BP and Total are also leading the way in terms of upcoming solar power capacity.”.

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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.