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Meanwhile, annual reports show corporations are pushing ahead with plans to expand production, betting on new technologies to somehow make it all okay in the future. Further, these efforts are focused on carbon capture and storage, hydrogen, and biofuels—technologies that aim to stash carbon emissions away, not reduce their production.
The [federal Bipartisan Infrastructure and Inflation Reduction Acts] provide billions of dollars in investment aimed at expanding low-and no-carbon technologies, accelerating a just energy transition, and building equity into climate adaptation efforts. from 2019 to 2020 and 44.4% from 2005 to 2020. Read more here.
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