LONDON (BLOOMBERG) - Asian governments are stepping up their support for coal-fired power plants, handing a lifeline worth US$64 billion (S$86.6 billion) a year to an industry struggling to maintain investment from private investors.. Read more at...
Thomas PoggeContrary to their rhetoric, G-20 members China, India & Japan are spending enormous and rising sums on financing coal-fired power plants.
Only 30 per cent of the world’s primary forests are still intact. Deep in the interior of British Columbia, an ancient temperate rainforest that holds vast stores of carbon is being clear-cut as fast as the Amazon
Thomas PoggeWhile Brazil is destroying the Amazon, Canada is destroying its own rain forest in British Columbia. Few Canadians seem to care.
Thomas PoggeExtrapolating recent trends, new report finds that world will burn MORE fossil fuel in 2040 than today: we'll use at least 25% more energy while the fossil-fuel share will drop only marginally: from 90% to 85%. We must REDUCE emissions, by 45% by 2030!
But wind and solar made up just 6% of the region’s electricity
Thomas PoggeIn Asia, solar power is very competitive with coal now in regard to electricity cost. But coal dominates new construction anyway. One reason: favorable financing from countries exporting coal-fired power plants.
Campaigners are urging reform of an obscure system that allows coal, oil and gas companies to sue governments if climate policies hit their profits
Thomas PoggeInvestor State Dispute Settlement is a US-imposed system of private courts that enables foreign investors to derail government policies that hurt their profits. Among the grave harms ISDS does is its hindrance of national climate efforts.
The concept of a “carbon budget” has proved to be both elegantly simple and stubbornly complicated. The theory dictates that the total amount of CO2 emitted until emissions are taken down to zero determines the maximum warming that the world will...
Thomas PoggeA helpful primer on the concept of a "remaining carbon budget".
Data confirms fears that Jair Bolsonaro’s policy encourages illegal logging in Brazil
Thomas PoggeAs we know from @ggreenwald's revelations, Bolsonaro became Brazil's President through a conspiracy among politicians, judges & prosecutors, which kept Lula out of the race. Now he's in a hurry to destroy the lungs of our planet & the people who live there
*SLOWING CLIMATE CHANGE EFFECTIVELY*
Among the most important factors influencing the future of climate change is the choice of technology for power plants yet to be built. For the next few decades,...
Finland targets taxpayers with hidden American accounts, in what could become a trend
Thomas PoggeAs the US has brought its leverage to bear to force tax havens to turn over info, it has become the destination of choice for 90% of assets seeking to avoid the Common Reporting Standards. But maybe other states can change this by means of the courts.