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Ten good news stories on climate and clean energy in 2024

Corporate Knights

Canadas emissions would be higher today without the actions taken to date by all levels of government since 2015. This type of planned transition in the building sector is necessary to protect consumers from higher costs and stranded assets. But getting closer to Canadas emission targets still requires more action.

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Their land, their call: When economic reconciliation and climate justice conflict

Corporate Knights

There’s a lot at stake: over the next decade, Canada will see around 470 natural resource projects , both conventional and “clean economy”–related, developed at a cost of nearly $525 billion, according to the FNMPC. Now, up to $5 billion in federal, plus billions in provincial, guarantees are available for oil and gas development.

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IPCC issues final warning about ‘rapidly closing window of opportunity’

Corporate Knights

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” But some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Officials cast it as one major part of a process that also includes a phaseout of public financing for domestic fossil fuel projects through Crown agencies like Export Development Canada. Those guidelines are due to be released in 2024. In a release Monday, Oil Change International placed the total at $50 billion since 2019.

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Defining Sustainable Economic Systems – Development vs Growth

Richard Matthews

Sustainable economies like these can help us to realize the United Nations’ Sustainable Development Goals (SDGs). This blend of free markets and state control is the dominant economic system in the vast majority of developed nations in the world today. Increasingly this also includes offshore renewable energy development.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Change is already underway within the fossil fuel industry, as developments in the Netherlands, United States and Australia indicate.

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SDSN at the Latin America and Caribbean Climate Week

Sustainable Development Network

The Inter-American Development Bank (IDB) is supporting countries in the region to achieve these ambitious goals, along with some foreign governments like Germany. The dialogue explored the vision and challenges for countries to achieve decarbonization by 2050.