While we bicker...
40. Sweden committed to phasing out
all carbon emissions by 2045, and the country’s largest pension fund divested from six companies that violate the Paris Agreement, including Exxon, Gazprom and TransCanada.
CleanTechnica
41. New figures at the beginning of the year showed that the global coal industry is taking a hammering. A 48% drop in pre-construction activity, a 62% drop in construction starts and a 19% drop in ongoing construction.
CoalSwarm
42. In May, a shareholder rebellion forced ExxonMobil, the world’s largest oil company, to start reporting on the effect of preventing climate change on its bottom line.
Washington Post
43. France stopped granting all licences for oil and gas exploration, and said it will phase out all production by 2040, a major transition towards clean energy being driven by the new Macron government.
Bloomberg
44. Deutsche Bank, one of the coal industry’s biggest financiers, announced it would stop financing all new coal projects. Ouch.
Mining.com
45.
Norway’s sovereign wealth fund, the largest pile of money on the planet, announced they were officially divesting from all fossil fuels, and the global insurance industry has pulled $20 billion.
Telegraph
46. In 2017, the
United Kingdom,
France and
Finland all agreed to ban the sale of any new petrol and diesel cars and vans by 2040.
47. China continued its all out war on coal, stopping construction on more than 150GW of coal plants, and laying off more than 700,000 coal workers since 2014.
CleanTechnica
48. In one of the great climate change victories of our time, TransCanada terminated its tar sands pipeline, triggering a $1 billion loss and ending an epic 4 year battle between politicians, big oil, environmentalists and indigenous communities.
Calgary Herald
49. On the eve of one of their major feast days, 40 Catholic institutions on five different continents announced the largest ever religious divestment from fossil fuels.
Catholic Reporter
50. In the United Kingdom, the birthplace of the industrial revolution, carbon emissions fell to the lowest levels since 1894, and on the 21st of April the country did not burn coal for the first time in 140 years.
Independent UK
51. In November, a new global alliance of more than 20 countries, including the UK, France, Mexico, Canada and Finland, committed to ending their use of coal before 2030.
BBC
…and an amazing one for clean energy
52. The cost of solar and wind plummeted by more than 25% in 2017, shifting the global clean energy industry on its axis.
Think Progress
53. The cost of solar plants in the
United States dropped by 30% in one year and in the
United Kingdom, the price of offshore wind dropped by half in less than two years.
54. Solar energy is now responsible for one in every 50 new jobs created in the United States, and the clean energy sector is growing at 12 times the rate of the rest of the economy.
CNBC
55. In June, South Korea announced a major U-turn on energy, shifting one of the world’s staunchest supporters of coal and nuclear power toward natural gas and renewables.
Reuters
56. JP Morgan Chase said it will source 100% of its energy from renewables by 2020 and will facilitate $200 billion in clean financing through 2025.
PV Tech
57. General Motors believes
“the future is all-electric”
Volkswagenannounced it’s investing 70 billion euros and “
putting its full force behind a shift into electric cars” and Volvo said that starting in 2019 it will only make fully electric or hybrid cars “
the end of the combustion engine-powered car.” Atlantic
58. China is going to install 54GW of solar by the end of 2017, more than any country has ever previously deployed in a single year, and doubled their 2020 goal to 213 GW.
PV Magazine
59. The world’s largest carbon emitter also announced that their Paris Agreement pledges will now be met a decade ahead of schedule, with emissions forecast to peak in 2018.
Australian Financial Review
60. Following in China’s footsteps, India more than doubled its solar installations in 2017, accounting for more than 40% of new capacity, the largest addition to the grid of any energy source.
Quartz
61. A new report from the European Union said that between 1990 and 2016 the continent cut its carbon emissions by 23% while the economy grew by 53%. So much for the propaganda of fossil fuel lobbyists…
CleanTechnica