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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

In September, the Labour government announced plans to set the UK’s nationally determined contributions for 2035 between November 2024 and February 2025. “The new government must rectify this and produce a detailed, complete programme showing how it will reach net zero by 2050,” he advised. It’ll be a mess.”

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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

Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing global economy, while avoiding creation of stranded assets.

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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. Now, it’s being taken up by a multilateral panel that is expected to report in 2024 if all goes well. But she added it’s “disappointing to only mention drafting a plan to end public domestic fossil fuel finance by the end of 2024, rather than taking concrete steps now.”

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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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