Remove 2023 Remove Climate Change Remove Stranded Assets
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Ten good news stories on climate and clean energy in 2024

Corporate Knights

But its true: Canada and the world made enormous strides addressing climate change and building a cleaner economy. More than 40 % of electricity worldwide was non-emitting in 2023, and more than 90% of the growth in net power capacity came from wind and solar.

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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climate change.

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‘Extraordinary growth’ in clean energy is keeping the ‘narrowed’ pathway to 1.5 ?C open: IEA

Corporate Knights

trillion in 2023 to $4.5 These represent a stranded asset risk of hundreds of billions of dollars and potentially locking in tens of billions of tonnes of carbon dioxide (CO2) emissions.” And if you don’t do all of the above, I’m sorry, but I don’t think you could attend to climate change issues.”

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The Largest U.S. Pension Fund Just Rolled Out a Climate Transition Plan Focused on Risk and Opportunity

3BL Media

Just as critically, transition plans are about embracing the booming new clean economy, creating new markets, and investing in the next batch of winners as this shift continues to accelerate exponentially— and avoiding being left behind with dwindling markets, outmoded business models, and stranded assets. This year, a record $1.8

Net Zero 147
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Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

The company noted that emissions from oil products had already declined by around 9% in 2023 from the 2021 base, and said that the new target would represent a 40% reduction from 2016, including 8 percentage points caused by contracts being classified as held for trading purposes.

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

Corporate Knights

The announcement is meant to deliver on the 2023 subsidy phaseout deadline contained in Prime Minister Justin Trudeau’s December, 2021 mandate letters to Guilbeault and Finance Minister Chrystia Freeland. Carbon Capture Backed by Carbon Offsets?

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Business-as-usual no Longer an Option for Banks

Chris Hall

Jessye Waxman, Senior Campaign Representative, Fossil-Free Finance Campaign, Sierra Club, says climate-related shareholder resolutions give banks necessary guardrails for transition financing. Proponents of the resolutions acknowledge the near-term need for fossil fuels.

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