They say that politicians often operate in a bubble, removed from the rest of us. They have a blinkered view of reality, distorted by privilege and power.
Today G7 climate, energy and environment ministers issued a communique committing to end public finance for fossil fuels by the end of this year.
This briefing illustrates how G7 public finance flows remain severely misaligned with climate goals. G7 public finance for fossil fuels between 2018 and 2020 totalled over USD 100 billion, four times its support for renewable energy.
The solution to both the US and UK decisions to stop importing Russian oil and gas is not to drill for more oil, either in the US or UK – something the fossil fuel industry and its supporters are already arguing. It is to invest in renewables and alternatives such as heat pumps and weatherization.
The API claims gas is the main reason US power sector emissions are down. Our latest analysis shows it’s not.
Is this the beginning of the end of the oil age? Are we finally falling out of love with black gold? The end may not be coming not because we are running out of it, but because demand is alowly decreasing through increased energy efficiency. It will not be sudden, but a death of a … Read More
In the US, Democrats have unveiled a new wide-ranging, $17.5 billion renewable energy and building-efficiency bill even though Republicans have repeatedly blocked their efforts in the Senate. In renewing their push, Democrats are relying on the same financing plan that produced Senate opposition last year, repealing tax breaks granted to oil and gas companies.
Climate change is “rewriting the rules for business” and sparking economic investment to the tune of billions of pounds, according to WorldWatch. According to the Worldwatch Institute’s State of the World 2008 study, money is pouring into areas such as renewable energy, green technology and carbon markets as businesses recognise the opportunities they present.
Computer giant Dell has announced that the company will go “carbon-neutral” next year, using a mix of energy efficiency upgrades, renewable power purchases and carbon offsets to compensate for the carbon dioxide emissions caused by its operations. The company plans to neutralize its emissions stemming from Dell-owned and Dell-leased buildings and manufacturing facilities, as well … Read More
The Democrat-controlled House of Representatives wants to spend almost $7bn in the coming year to reduce the nation’s enormous carbon footprint, reports the Independent. This has put it on a collision course with the White House, which still remains in denial about climate change. A major clash is expected between the White House and Congress … Read More