Plibersek said the increase was a result of Labor creating “an environment of certainty” for the private sector with its climate policy, reports Xinhua news agency. CAMBERRA : Australia has approved 11 renewable energy projects since the ruling Labor Party came to power in May 2022, more than double the five approved by the former […]
When it came to climate change, 2022 offered some reasonably good news and some pretty alarming bad news. On the plus side, the U.S. passed its most significant piece of climate legislation ever, with the Inflation Reduction Act (IRA) — a bill that allocates hundreds of billions of dollars to clean energy and other low-emissions […]
New Report Finds G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals. BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019 U.N.-convened Net-Zero Asset Owner Alliance, representing over $6.6 trillion assets under management, […]
Germany has an opportunity to phase-out coal power plants almost a decade ahead of schedule — but it will require a fleet of natural gas plants to do it, a new study by Wartsila Oyj shows. Adding as much as 12 gigawatts of gas-fired, combined heat and power plants to a mix of renewable energy […]
President Xi Jinping surprised the world in September 2020 by announcing to the UN General Assembly that China will aim to peak its carbon emissions before 2030 and achieve carbon neutrality before 2060. A new WRI report finds that China can peak its emissions as early as 2026 and realize enormous economic benefits over the long term […]
In recent years, U.S. state and local governments continued stepping up to demonstrate strong leadership in addressing the climate challenge, even when facing headwinds from the federal level. They continue to make progress, all while leading responses to the COVID-19 pandemic and combatting extreme weather events. Still, the possibility of eventual federal reengagement on climate solutions puts in question the future […]