Fossil Fuel Subsidies Nearly Doubled in Major Economies Between 2020 and 2021
Despite growing awareness of the climate crisis, fossil fuel subsidies actually rose significantly in 2021–increasing by almost half.
Despite growing awareness of the climate crisis, fossil fuel subsidies actually rose significantly in 2021–increasing by almost half.
On Wednesday, the U.S. Senate worked out a deal for a reconciliation package that includes $369 billion toward climate and energy funding. The deal comes after Senator Joe Manchin, D-W.V., reversed his initial decision against the bill, citing concerns over increasing spending amid rising inflation. The bill, if passed, would reduce emissions by 40%, compared to 2005 levels, by the end of this decade.
A new congressional investigation, led by Sen. Elizabeth Warren (D-Mass), has found that seven of the top Bitcoin mining companies will use about as much energy as all the homes in Houston (nearly 1 million homes), the fourth most populous city in the U.S.
It’s a common joke that the weather report is always wrong, but a Texas meteorologist had the opposite experience last Wednesday when reporting on an ongoing heat wave. During a 3 p.m. broadcast, KTRK in Houston meteorologist Travis Herzog warned about how the high temperatures could impact the power grid.
Cryptocurrency prices, which were soaring at the end of 2021, have plummeted into a so-called “crypto winter.” But could this chilly period for cryptocurrencies help cool the climate as well? When Bitcoin prices fell below $20,000 this month, its energy use fell as well. “Part of what it means is that global electricity consumption is […]
Eco-friendly upgrades in your apartment can be quick and easy, and they can even save you money with little or no initial investment. Small, daily lifestyle changes can lower your energy and water bill and reduce your environmental impact.
Swedish furniture-giant IKEA wants to bring the power of the sun into U.S. homes. The company announced on May 12 that it was partnering with residential solar provider SunPower to make “home solar solutions” available to its U.S. customers.
Many gigawatts worth of solar power have been installed in the U.S. through all sorts of installations, from rooftop residential arrays to utility-scale farms. According to the Solar Energies Industry Association (SEIA), a national trade group, the development of new solar energy “has experienced an average annual growth rate of 33%.”
Whether you’ve been refreshing news on the war in Ukraine every hour or just passively hearing updates, you’ve probably felt the impact in some way. Russia’s invasion of Ukraine has caused political, economic and humanitarian crises across the globe. Policymakers worldwide have intensified sanctions on Russian energy exports and have started looking for ways to […]
Advertiser Disclosure
Our editorial team is committed to creating independent and objective content focused on helping our readers make informed decisions. To help support these efforts we receive compensation from companies that advertise with us.
The compensation we receive from these companies may impact how and where products appear on this site. This compensation does not influence the recommendations or advice our editorial team provides within our content. We do not include all companies, products or offers that may be available.