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Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

Last week, I joined my colleagues at COP28 in Dubai , as negotiators and civil society push for a fossil fuel phaseout to meet climate goals. The industry is pushing a narrative that misleadingly calls out emissions , not fossil fuels as the problem. Source: IPCC Sixth Assessment Report.

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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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Will UN Climate Talks in Azerbaijan Deliver on Finance and Emission Reductions? 

Union of Concerned Scientists

That’s because countries previously agreed under the Paris Agreement that, by the end of 2024, they would decide on the new quantum of climate finance for lower-income countries, building on the previous target of $100 billion/year. Here’s what’s on the agenda at COP29 in Baku, Azerbaijan, and why it matters.

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

A Greener Life

But despite this, it did not shift the dominance of fossil fuels. Last year a total of 266 gigawatts (GW) of renewables was installed, with solar power leading the field. We are still heading in the opposite direction to that required by the Paris Agreement.” Photo credit: Reuters / Louisa Off.

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Ask a Scientist: The US Has to Do More to Meet Its Carbon Emissions Reduction Goals

Union of Concerned Scientists

The legislation committed nearly $400 billion to support, among other things, wind and solar power, battery storage, electric vehicles, and other clean energy technologies that will make a significant dent in US heat-trapping emissions. It also will save US consumers money because they will spend less on fossil fuels.

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Reevaluating the Role of Fossil Gas in a Decarbonizing Grid

Union of Concerned Scientists

But gas power plants have also played an important role in helping to maintain the overall reliability of the electricity grid by meeting peak power demands, such as on hot summer days when people turn on their air conditioners. In this plan, almost all of this coal and gas generation is replaced with wind and solar.

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Banks Continue to Prop Up the Fossil Fuel Industry

Union of Concerned Scientists

Last month, the British-based Bureau of Investigative Journalism (TBIJ) reported that London-based HSBC, one of the world’s top-10 biggest banks, has helped raise $47 billion for the fossil fuel industry since its 2022 announcement that it would not finance new gas and oil infrastructure. degrees Celsius, or 2.7