By Eoin Higgins Climate activists celebrated Thursday the decision of the European Investment Bank to stop funding most oil and coal projects by 2021, part of a bid to be the world’s first “climate bank.” The bank’s board made the decision at a meeting on Thursday, CNBC reported. “Truly amazing win,” tweeted environmentalist Bill McKibben. […]
By Simon Evans Renewable sources of electricity are set for rapid growth over the next five years, which could see them match the output of the world’s coal-fired power stations for the first time ever. This would mean renewables matching coal as the joint-largest contributors to the global electricity mix in 2024, according to Carbon […]
By Justin Mikulka Increasingly, U.S. shale firms appear unable to pay back investors for the money borrowed to fuel the last decade of the fracking boom. In a similar vein, those companies also seem poised to stiff the public on cleanup costs for abandoned oil and gas wells once the producers have moved on. “It’s […]
By Jeff Turrentine The coal industry is dying. But we can’t allow the communities that have been dependent on coal to die along with it. Even if clean energy champions, environmentalists, and climate activists weren’t working together to end the burning of coal, the dirtiest of all fossil fuels would still be on its way […]
New research has shown that just 20 fossil fuel companies have allowed their relentless greed to ignore decades of warnings about what their practices were doing to the world, as The Guardian reported. Their exploitation of the world’s oil, gas and coal reserves is directly linked to more than one-third of the planet’s carbon emissions. […]
By Philip Warburg Advances in technology, improved economics and broad political support are making wind power a formidable twenty-first century energy resource. Top-ranking Denmark draws 41 percent of its electricity from wind; Ireland follows with 28 percent; the European Union as a whole gets 14 percent of its power from wind. America’s wind farms currently […]
Energy Secretary Rick Perry, who has aggressively championed fossil fuels and expressed skepticism that the climate crisis is man-made, will step down from his post by the end of the year, The New York Times reported. Perry is one of the few people in the Trump administration to remain despite unprecedented turnover, Twitter-storms and scandals. […]
The promises made by major economies at the UN Climate Action Summit fell “woefully short” of what is needed to address the climate crisis, The New York Times reported Monday. China did not increase its commitments under the Paris agreement, India made no pledge to reduce its use of coal and the U.S. did not […]
Today is the United Nations Climate Action Summit, a gathering called by UN Secretary General António Guterres to encourage climate action ahead of 2020, the year when countries are due to up their pledges under the Paris agreement. Guterres has asked countries to announce “concrete, realistic” steps that will reduce global emissions by 45 percent […]