G7 to phase out fossil fuels subsidies by 2025
This could be another turnaround for the fight against climate change as the G7 is willing to eliminate subsidies for oil, coal and natural gas within the decade.
Japan
Five reasons to oppose nuclear
One of the most read articles on this blog is ” 10 reasons to support nuclear power “, which I wrote in 2009 when the situation was very different. A lot happened since then that has made me reconsider my stance on nuclear, so here is a counter-point.
G7 Nations to decarbonize their economies
Now these are great news but there is a major catch, or perhaps two… The first one the date : by 2100, as in 85 years… The second one, they didn’t say even how they would cut emissions.
Fossil fuels subsidies are worth $5.3 trillion
$5.3 trillion (or 4.7 trillion euros) : those are staggering figures as they amount to $10 million every single minute. The figures come from the International Monetary Fund, so one can be pretty sure of them.
Cleantech investments rebounded in 2014
According to Bloomberg New Energy Finance global investments in clean energy such as wind and solar bounced back in 2014 with an increase of 16 percent over 2013. They reached $310 billion (260 billion euros).
2014 was the hottest year on record
2014 was according to the Japan Meteorological Agency the hottest year ever recorded. Other agencies around the world will present the same conclusion in the next days or weeks as records were broken all around the world.
Japan has a carbon tax too
This was kind of a surprise for me when I learned that not only does Japan has a carbon tax, but that is has one since… October 2012. The world’s third largest economy is taxing emissions from power plants and vehicles alike.