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Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

These companies talk out of both sides of their mouths when it comes to climate polic y—many claiming to support the Paris agreement, while simultaneously funding business groups to lobby against policies to implement and enforce national commitments. trillion or 6.8% of gross domestic product in 2020 and are expected to increase.

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

A Greener Life

2022 was dominated by turmoil in energy markets , as Russia’s Invasion of Ukraine helped to boost gas and coal prices to record levels in Europe and Asia. Last year a total of 266 gigawatts (GW) of renewables was installed, with solar power leading the field. Overall gas production remained stable.

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Good News—and Bad—about Fossil Fuel Power Plants in 2023 

Union of Concerned Scientists

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). gigawatts (GW) of planned solar projects expected to come online this year is almost double the previous 13.4 Solar” only includes large-scale solar.

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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.”

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Analysis: Argentina targets huge expansion of renewable energy by 2030

A Greener Life

By Fermín Koop New government plan says US$86 billion of spending needed to boost energy transition – while backing natural gas too. Of the 14 GW of additional capacity highlighted by the transition plan, almost 10 GW are clean sources, with the remainder made up of natural gas, nuclear and hydrogen.

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A safe future for people and the the planet means immediately stopping fossil fuel expansion

Enviromental Defense

degrees–the goal of the Paris Agreement and a critical threshold for climate change–the world must stop approving fossil fuel projects AND significantly ramp down the production of all fossil fuels: coal, oil, and fossil gas. This is a huge deal. 2) Drive a “massive clean energy expansion” over next decade.

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Analysis: Russia’s slow progress on climate action set to pick up speed

A Greener Life

A person walks past solar panels of the Isyangulovo solar power plant in Russia’s Republic of Bashkortostan. With oil and gas playing a major role in its economy, Russia has been slow to move on climate action, but it is rising up Moscow’s agenda. Photo credit: Alamy. By Christopher Weafer.