Browsing tag

bail out fossil fuel

None Of The G7’s Leading Stock Indexes Are Aligned With Paris Climate Goals, Says New Research

5 Mins Read According to new research, none of the major G7’s stock indexes are anywhere close to a 1.5°C or 2°C pathway with activists and scientists urging the largest listed G7 companies to immediately set emissions reduction targets and increase their climate action. Titled ‘Taking the Temperature: Assessing and Scaling-Up Climate Ambition in The G7 Business Sector’, […]

7 Big Signals That Prove The End Of Fossil Fuels Is On The Horizon

4 Mins Read For years, climate scientists and environmental activists have been calling for the end of fossil fuels as the number one thing that must happen if we are to save the planet. They have fought tooth and nail to push back against the dirty energy industry’s billion-dollar efforts to spread disinformation and sow public doubt over […]

Global Energy Decarbonisation Spending Tops US$500 Billion In 2020

4 Mins Read The world spent more than US$500 billion on decarbonisation in 2020, according to new statistics. Released by BloombergNEF (BNEF), the report tracked global investment into the clean energy transition and found that decarbonisation spending jumped 9% year-on-year despite the economic fallout from the coronavirus pandemic.  A new report released by Bloomberg’s energy research arm BNEF […]

U.N. Secretary-General Says Wealthy Nations Need To Cough Up US$100 Billion To Reach Global Climate Goals

3 Mins Read Meeting the pledge by developed countries to mobilize at least US$100 billion a year to support developing countries in mitigating and adapting to climate change, lagging even before the COVID-19 pandemic, requires urgent action, according to a new report by independent experts released today by the United Nations. Since economic distress is now acute, and […]

Limitless Clean Nuclear Fusion Energy Could Soon Become A Reality

3 Mins Read We’re not far away from seeing the world’s first nuclear fusion reactor, according to the latest series of papers showcasing the progress that researchers have made. Called SPARC, the compact fusion reactor could be the precursor to a practical emissions-free power plant and holds enormous potential to facilitate the much-needed transition away from fossil fuels.  […]

Denmark Passes Green Law That Could Make Climate Inaction Illegal

3 Mins Read Danish lawmakers have passed a landmark climate agreement that ensures the country will cut its carbon emissions by 70% from 1990 levels over the next decade. The deal was supported across party lines in a move the Danish Climate Ministry described as proof that “climate action and economic reconstruction go hand in hand” as the […]

Law Student Sues Australian Government For Misleading Investors Over Climate Risk

3 Mins Read A 23-year-old law student in Melbourne, Australia has filed a lawsuit against the Australian government over failure to disclose the financial risks of climate change to a number of safe investments, including government bonds. Katta O’Donnell says she hopes that the case, which is a world’s-first, will change the way the government recognises and responds […]

South Korea Backs Indonesia Coal Venture Against Own Green New Deal Pledges

3 Mins Read Apparently in South Korea, environmental concerns are limited to domestic policy. Contradicting its recent Green New Deal pledges to tackle the climate crisis, South Korea will be backing a new coal project in Indonesia. The move by the government-owned utility Korea Electric Power Corporation (Kepco) to invest in the coal venture is clearly at odds […]

Singapore: Students Set Up Divestment Group, Pressure University To Quit Fossil Fuels

3 Mins Read Students from Nanyang Technological University (NTU) in Singapore have recently set up a new fossil fuel divestment group, demanding the university to make public its dirty energy investments and providing a platform for the university community to voice concerns over environmental and social injustice.  The campaign group seeks to pressure NTU, currently the city-state’s second […]