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Good morning with good news: As coal fell from 83% of Australia's electricity in 2000 to 46% in 2023, wind & solar rose from 0.08% in 2000 to 28% in 2023! W&S 2023 28% 2020 17.5% 2015 7% 2010 2% Credit Jan Rosenow Ember

African🌍 nations are losing up to 5% of GDP every year as they bear a heavier burden than the rest of the world from #ClimateChange. A new World Meteorological Organization report finds many African nations are spending up to 9% of their budgets on climate adaptation policies apnews.com/article/africa…

the uk to become the first g7 country to remove coal from its power grid

Interesting look at the challenges facing the adoption of #electricvehicles in Wyoming. buff.ly/4cN8IKo

If America wants to meet its clean energy goals, the US government will need to invest $1 trillion in local economies over the next 7 years. Currently, the government has only spent 6% of what's needed. buff.ly/3ASlRoa

Great to see that as part of New York Climate Week the Head of our Oil, Gas, and Mining Team, @mikecoffin, will be speaking at this event. Click here for more info: buff.ly/3AAz1WJ

Carbon Tracker's Mike Coffin: "The key point to note is there is no reason oil & gas companies must transition to anything." Companies need to plan 4 falling demand & decide what to do with capital that historically would've been reinvested in new projects energyintel.com/00000191-b972-…

Lego to replace virgin #FossilFuels from plastic brick production & increasingly replace with sustainably sourced & recycled materials👏reuters.com/video/watch/id…

#FossilFuel companies’ funding of universities’ climate-focused efforts is delaying the green #EnergyTransition, according to the most extensive peer-reviewed study to date of the industry’s influence on academia buff.ly/3XcQUCE

📢Missed out latest webinar? Then catch up on Carbon Tracker's YouTube Channel: lnkd.in/eN97euHS Our Mike Coffin - Head of the Oil, Gas & Mining Team - takes us through the need for transition plans. Dont forget to subscribe and drop a comment sharing your views.

Many sustainable/#ESG funds have been overweight technology stocks - but accounting techniques distract from the surge in tech company #emissions 📈 buff.ly/3Te05Bz

While the Inflation Reduction Act is supposed to be used to fight #climatechange, it actually could provide a boost to the #oil sector by supporting enhanced oil recovery. buff.ly/3Zdxccx

Decarbonizing steel production is a key to meeting #climate targets but burning plastics instead of coal is clearly not the answer. buff.ly/4dRtFFt

We're honored to have Ben Scott, the Head of our Automotive Team, chairing a panel at the London EV Show this November. Click here for more info: buff.ly/3B1BKZn

Morgan Stanley - one of the leading bank financiers of #FossilFuels - will “no longer track financing activities related to #plastics waste as a standalone goal,” the bank said buff.ly/4dTzZMs #petchem

New Planet Tracker report finds SABIC I سابك, one of the world’s largest #petrochemical🛢️companies is on track for a 2°C🌡️ pathway by 2030. Despite setting targets for alignment with 1.5°C by 2030, the company faces significant challenges planet-tracker.org/saudi-basic-in…

Our new report, Backfire, shows why Colorado’s bonding requirements for #oilandgas wells have failed to meet expectations. buff.ly/4dSyka1

New on the blog from Olivia Bisel - #FossilFuel subsidy reform: A significant #EnergyTransition risk that needs addressing by investors & policymakers buff.ly/3z9yPxm

Although its bonding requirements have been in place for a few years, the @coloradoECMC now has less money in bonds for #oilandgas well closure and clean up than they did before the new rules. buff.ly/4dSyka1

For years Colorado officials hailed their bonding requirements for #oilandgas wells as the ‘best in the nation.’ Have these changes lived up to the hype? Our new report Backfire looks at that important question. buff.ly/2wc42iY