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Why This Matters: China, which produces nearly 30% of global emissions, has announced $160 billion worth of coal-fired plants globally since 2014. To meet the goals of the Paris Agreement, however, the UN has reported that coal use in electricity generation must be cut by 80% by 2030. “Needless to say, adding some 200-plus gigawatts (GW) of coal over the last five years, and now another 200 or so coming online in the planning stage, if it went to fruition would actually undo the ability of the rest of the world to achieve a limit of 1.5 degrees,” said Kerry earlier this month. “The stakes are very high.” Now, with this announcement, 40 GW worth of planned coal power will likely be cancelled, helping to lower those stakes.
Still, this announcement does not apply to China’s domestic coal production, the growth of which would offset the benefits gained by the nation’s clean energy projects. Climate experts, advocates, and leaders say that without putting an expiration date on those projects, the world won’t be able to limit global temperature rise. “This is an important step by the world’s biggest provider of overseas coal finance,” said Simon Stiell, the Minister for Climate Resilience and Environment of the island nation of Grenada. “We look forward to seeing commensurate action domestically.”
As more people around the nation are taking to the roads and skies for their vaccinated vacations, one car rental company is making it easier for folks to not only travel in style, but travel green. Hertz has announced that it will be purchasing 100,000 Tesla electric vehicles by the end of 2022 alongside an […]
By Ashira Morris, ODP Staff Writer Last year, the average American household experienced eight hours without power, as storms hammered electrical systems built with less erratic climate conditions in mind. That average outage time is double what it was five years ago. But only looking at the average obscures the experience of people who lived […]
We sat down with Rep. Sean Casten (D-Ill.) to talk about the Federal Energy Regulatory Commission (FERC) or “Hot FERC Summer,” as we like to call it. According to Rep. Casten, though FERC is often thought of as “a sleepy agency that is, frankly, kind of nerdy” — it can be a powerful force to […]
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