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The world has been tasked to decarbonize by 2050, but juggling COVID-19, the economy, jobs, and energy is a massive task. Turmoil in Congress and opposition from oil giants certainly isn’t helping, so how can the US meet its net-zero goals in just three decades? Some of those in power would have you believe it’s […]
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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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By Steve Capanna and Katie Lebling Climate change is a complex equation. To avert its worst impacts, we must find a way to limit global average temperature rise to well below 2° C, consistent with the Paris Agreement. This will require us to combine deep emissions reductions and robust carbon dioxide removal (CDR). The National Academies, Intergovernmental […]
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On Tuesday, the CEO of Blackrock, the world’s largest asset management company, announced in his yearly letter to his clients that they must layout comprehensive game plans to survive in a net-zero world.
Why This Matters: A 2020 report from portfolio.earth found that the world’s largest investment firms and banks are investing trillions each year into operations that damage the environment and threaten biodiversity.
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by Amy Lupica, ODP Contributing Writer A new study from energy experts at Princeton University delves deep into what it would actually take to make President-elect Joe Biden’s climate plan to reach net-zero emissions in the U.S. by 2050 a reality. The gist, said Jesse Jenkins, a Princeton professor and one of three leaders of […]
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With investors who hold hundreds of millions in ExxonMobil stock pressuring it to improve its performance on climate change and invest more in clean energy, the Company announced a new five-year plan today. According to Axios, experts said it’s not clear how much actual emissions might fall under the new plan.
Why This Matters: Weak sauce from a weak company. The ExxonMobil plan consists of only a few half measures — it falls far short of the industry standard set by ConocoPhillips, Occidental Petroleum, BP, and Shell, which have all pledged to have “net zero” emissions in the 2050 time frame.
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