For the second year in a row, the United Nations climate conference ended without a consensus declaration that tackling global warming requires transitioning away from fossil fuels.
The program aims to use federal funds awarded under the Biden administration to deploy more than 500,000 heat pumps in the chilly region over the next few years.
Prime Minister Mark Carney reached a tentative deal with the province as part of his program to curb the country’s economic dependence on the United States.
Australia’s upper house of parliament has passed a landmark bill to overhaul the nation’s environmental laws after Prime Minister Anthony Albanese’s government struck a deal with the left-wing minori…
Hodgson is pushing back against critics who question Carney’s commitment to climate change — a group that now includes Steven Guilbeault, who quit Cabinet on Thursday hours after the landmark Ottawa-Alberta energy agreement was signed. Hodgson said the deal includes a July 1 deadline for any private sector investor pitches that must meet several requirements, including buy-in from the B.C. government and the province’s First Nations groups. “We have a very constructive and productive relationship with the British Columbia government,” Hodgson said. “We have a very respectful and constructive conversation between our two levels of government,” Hodgson said.
Prime Minister Mark Carney has signed a deal with Alberta Premier Danielle Smith that backs a new pipeline — an energy agreement that sidelines the Trudeau-era climate agenda. While the long-awaited memorandum of understanding between Ottawa and oil-rich Alberta contains environmental commitments such as reaching net-zero emissions by 2050 and developing nuclear energy, it clears the way for Alberta Premier Danielle Smith to get her long-sought oil pipeline built — despite the vociferous objections of her B.C. counterpart, David Eby. Ottawa hopes to lure private capital back to Alberta because Carney’s government likely doesn’t have the political capital to do what its predecessors did in 2018: the Justin Trudeau Liberals paid C$4.5 billion for Canada’s only other oil pipeline that exports oil directly to Asian markets.
To begin with: Trump’s victory will put climate advocates — and the broader clean energy economy — on defense for the next four years and beyond. He will pull the United States out of the Paris Agreement, just like he did during the first term; he will approve a new tranche of liquified natural gas export terminals; and he will block and then begin to roll back the Environmental Protection Agency’s climate rules for power plants, cars, and light-duty trucks. Eight years ago, when Trump first took office, climate policy was seen as fundamentally limited to the environment — and clean energy was an important but up-and-coming, almost wholesome niche pursuit that Democrats doted upon.
* Financing for low-carbon energy in developing countries along with US climate legislation complete Dasgupta's list. Last year was momentous for U.S. climate legislation, with the country enacting the CHIPS and Science Act, the Bipartisan Infrastructure Law and the Inflation Reduction Act. Together, these policies will provide $79 billion annually in low-carbon, climate-friendly investments, with a promise through the Justice40 Initiative to direct at least 40% of climate investment benefits to historically underserved communities. The World Economic Forum's Climate Initiative supports the scaling and acceleration of global climate action through public and private-sector collaboration. This includes the Alliance of CEO Climate Leaders, a global network of business leaders from various industries developing cost-effective solutions to transitioning to a low-carbon, climate-resilient economy.
Create a free IEA account to download our reports or subcribe to a paid service. * As the source of about 75% of global greenhouse gas emissions, the **energy sector holds the key** to responding to the world's climate challenge. * Researching **net zero emissions by 2050** in the global energy sector provides an opportunity to **limit global warming to 1.5 °C.** * Since the Paris Agreement in 2015, technologies and policies have helped **shave 1°C off projected warming**, but much more is needed to reach net zero and avert the worst effects of climate change. * The IEA's pathway to net zero by 2050 sets out over 400 milestones for what needs to be done to reach climate and energy goals.