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Ten good news stories on climate and clean energy in 2024

Corporate Knights

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. This type of planned transition in the building sector is necessary to protect consumers from higher costs and stranded assets.

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

Chris Hall

However, subsequent Conservative prime ministers – Liz Truss and Rishi Sunak – “didn’t understand the urgency”, according to the Rt Hon John Selwyn Gummer, Lord Deben, Conservative Party peer and former chair of the UK’s Committee on Climate Change (CCC) from 2012 to 2023. It’ll be a mess.”

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Ontario and Alberta are building natural gas plants despite lower costs of renewables

Corporate Knights

There is also the risk that fossil fuel infrastructure is retired before the end of its economic lifetime and becomes a stranded asset—a liability taxpayers would likely pay for.” The province added 7,152 MW of new renewable capacity, mostly solar and wind, between 2010 and 2017, but just 466 MW between 2017 and 2023.

Net Zero 313
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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.” trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency. The pathway to 1.5 ̊C

Net Zero 317
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Over Half of CEOs Say Sustainability a Higher Priority Now than 12 Months Ago: EY Survey

ESG Today

The findings align with those of a 2023 EY survey of senior corporate finance leaders , which found that while sustainability remained as a top investment priority, it was also the most likely area to experience near-term budget cuts in the current inflationary and geopolitically unstable environment in order to meet short-term earnings goals.

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

But companies won’t meet the challenge by dodging it, or lobbying themselves into a corner, surrounded by their own stranded assets. He acknowledges that the transition away from fossil fuels poses a particular challenge for the chemical industry; demand for its products continues to grow, while its most critical input is under threat.

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Former UK Conservative Energy Minister Resigns over Government Plan for New North Sea Oil & Gas Licenses

ESG Today

Skidmore added that following the initiation of “the global transition away from fossil fuels” set in motion at the COP28 climate conference, the future obsolescence of fossil fuels will cause new oil and gas licenses to create stranded assets, instead of supporting communities “to transition their skills and expertise to renewable and clean energy.”