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Ten good news stories on climate and clean energy in 2024

Corporate Knights

Another year is drawing to a close with everyone gathering their top lists of 2024. And while youre revisiting the best the world had to offer in pop culture, music and the arts, its worth a reminder of all the good-news stories on climate and clean energy progress that graced our screens in 2024.

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

Corporate Knights

The federal Indigenous loan guarantee program, announced in Budget 2024 , opens up $5 billion in loan backstops for First Nation energy and natural resource projects, from pipelines and mines to solar parks and wind farms. A decade later, the FNMPC has won a huge victory. But carbon capture remains unproven and expensive – a $2.4-billion

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Canada to Phase Out Public Fossil Fuel Financing

ESG Today

The guidelines released alongside the framework provide a standardized methodology to ensure that future government support is aligned with the country’s climate and energy priorities, and precludes funding of discretionary programs not aligned with the framework.

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

Corporate Knights

Those guidelines are due to be released in 2024. In a release Monday, Oil Change International placed the total at $50 billion since 2019. Now, it’s being taken up by a multilateral panel that is expected to report in 2024 if all goes well. That work was meant to conclude by 2020. Carbon Capture Backed by Carbon Offsets?

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Investors Face Direct Risk from Climate Litigation

Chris Hall

While indirect risks remain predominant, litigation could target asset owners following increased focus on financial institutions. Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve.

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

ESG Today

Introduces new target, but eliminates 2035 goal due to energy transition “uncertainty” Energy giant Shell announced today the release of “Energy Transition Strategy 2024,” the first update to its “Powering Progress” strategy, launched in 2021, outlining the company’s climate transition roadmap and goals.

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