Impact of the Powering Past Coal Alliance (PPCA) pledges. To keep global warming within 1.5 °C of pre-industrial levels, there needs to be a substantial decline in the use of coal power by 2030 and in most scenarios, complete cessation by 2050. Graphic: Jewell, et al., 2019 / Nature Climate Change

Current coal phase-out pledges are insufficient to hit Paris climate goal

27 June 2019 (Chalmers University of Technology) – ​The Powering Past Coal Alliance, or PPCA, is a coalition of 30 countries and 22 cities and states that aims to phase out unabated coal power. But analysis led by Chalmers University of Technology, Sweden, published in Nature Climate Change, shows that members mainly pledge to close […]

In 2009, G20 governments pledged to phase out fossil fuel subsidies, but a decade on they still provide billions of dollars of support to coal alone. G20 support for coal-fired power plants increased from $17 billion to $47 billion in just three years. Graphic: ODI

G20 countries triple coal subsidies despite climate crisis – “It has now been 10 years since the G20 committed to phasing out fossil fuel subsidies, yet astonishingly some governments are actually increasing the amount they give to coal power plants”

By Damian Carrington 24 June 2019 (The Guardian) – G20 countries have almost tripled the subsidies they give to coal-fired power plants in recent years, despite the urgent need to cut the carbon emissions driving the climate crisis. The bloc of major economies pledged a decade ago to phase out all fossil fuel subsidies. The figures, published […]

Summer extremes of 2018 linked to stalled giant waves in jet stream

29 April 2019 (PIK) – Record breaking heatwaves and droughts in North America and Western Europe, torrential rainfalls and floods in South-East Europe and Japan – the summer of 2018 brought a series of extreme weather events that occurred almost simultaneously around the Northern Hemisphere in June and July. These extremes had something in common, […]

Global debt soars to $169 trillion, along with fears of crisis ahead – “We were supposed to correct a debt bubble. What we did instead was create more debt.”

By David J. Lynch 3 September 2018 (The Washington Post) – Ten years after the worst financial panic since the 1930s, growing debt burdens in key developing economies are fueling fears of a new crisis that could spread far beyond the disruption sweeping Turkey. The loss of investor confidence in the Turkish lira, which has […]

Air conditioning use emerges as one of the key drivers of global electricity-demand growth

15 May 2018 (IEA) – The growing use of air conditioners in homes and offices around the world will be one of the top drivers of global electricity demand over the next three decades, according to new analysis by the International Energy Agency that stresses the urgent need for policy action to improve cooling efficiency. […]

How the 2008 financial crash made cities unaffordable worldwide – Property markets in the world’s major cities have “synchronised”, leaving behind nations and citizens

By Nathan Brooker 14 March 2018 (Financial Times) –  In the stormy spring of 2008, the UK’s worsening property downturn was yet to hit Sloane Street in central London. A full year after the start of the credit crunch and the run on Northern Rock — which started a slide that would see more than 20 […]

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