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The Fossil Fuel Industry Continues Producing Heat-Trapping Emissions that Drive Climate Change

Union of Concerned Scientists

As I show below, their cumulative emissions have continued to rise over the decades even as international efforts to confront climate change have been enacted through the United Nations Framework Convention on Climate Change and the Paris Agreement. I’ve marked these important years with dotted lines in Figure 2.

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Subnational Climate Action in the UK

Legal Planet

In sharp contrast with their American counterparts, British conservatives remain firmly behind the Paris Agreement and supportive of cap-and-trade. Scotland set a 2020 goal of 100% renewable energy electricity generation. The last coal plant in Scotland closed in 2016. Here’s what’s happening across Great Britain.

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Scientists Demand Citigroup End Fossil Fuel Funding

Union of Concerned Scientists

Citi is underwriting climate devastation through its continued funding of fossil fuels, including $396 billion since the Paris Agreement in 2016. This campaign, which will be active all summer, demands action from Citigroup and other big banks and insurers to stop enabling fossil fuel pollution.

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South Korea and Climate Change

Legal Planet

As of 2016, half of its total emissions are from the power sector, with 20% from industry and 15% from transportation, and. According to the Energy Information Agency , South Korea’s power sector is heavily reliant on fossil fuels. In 2021, South Korea set a target under the Paris Agreement of a 40% cut from 2018 levels by 2030.

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Emergency?

Legal Planet

According to the Center for International Environmental Law as of April 2023, the World Bank “has financed and incentivized up to $165 billion in fossil fuel investments since the Paris Agreement was signed [in 2015].” Citi, Wells Fargo, and Bank of America are also among the top five fossil financiers since 2016, the report found.”

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Dave McKay: Mr. Money Bags

Enviromental Defense

This is a very different business model than renewable energy, where it costs money upfront to build the initial infrastructure, but the sources of power, like sun and wind, flow freely and require only small amounts in ongoing costs for routine maintenance.) In contrast, its lending to renewable energy was just $5 billion in 2023.

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The EU’s challenge with renewable energy expansion: What is the way forward?

Environmental Europe

The EU is facing a key challenge in climate and energy governance. It has agreed to address climate change under the Paris Agreement , and put forward increasingly ambitious policy targets for 2020, 2030 and 2050. insufficient renewable energy targets) or “delivery gaps” (i.e.,