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By Ashira Morris, ODP Staff Writer Just 10 years ago, 40% of the UK’s energy came from coal. Today, the country has two remaining coal plants and plans to end coal-fired power by the end of 2024. All of the coal mines that have already closed across the country have naturally filled with warm water, […]
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by Amy Lupica, ODP Staff Writer Greenland recently announced that it will suspend all oil exploration in a move that it hopes will show the global community it’s taking climate change seriously. The government called the decision “a natural step.” No oil has been discovered around Greenland, but for years the potential for an economy […]
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by Ashira Morris, ODP Staff Writer World leaders from the Group of 7 countries wrapped up their first post-pandemic in-person summit on Sunday, and the climate crisis was one of the primary agenda items. The heads of state from the U.S., U.K., France, Germany, Canada, Italy, and Japan (as well as the European Union) Agreed […]
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By Ashira Morris, ODP Staff Writer This week, Poland announced it will close the coal-fired Belchatow power plant by the end of 2036. The country’s national energy group opted not to develop an open-pit coal mine to power the plant after deciding it would not make financial sense. The decision comes as Poland’s Lodz region […]
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The G7 countries have spent more on fossil fuels than clean energy since last March, a new study led by the non-profit Tearfund shows.
Why This Matters: The economic upheaval of the pandemic and its accompanying stimulus could have been a chance to pump money into the country’s net-zero goals. Instead, it appears that the members propped up the very industries that are increasing carbon in the atmosphere.
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American financiers are moving to divest from fossil fuels to help the U.S. reach net-zero carbon emissions, but some state Republicans are fighting back. Fifteen Republican state treasurers are now threatening to pull hundreds of billions of dollars worth of assets from large financial institutions if they move forward decarbonizing their portfolios per a letter they wrote to Climate Envoy John Kerry.
Why This Matters: Banks and financiers have invested billions in destructive environmental practices. Deforestation funded by the world’s largest banks increased in 2020 despite COVID-19.
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