Kamal Sharif A Baker’s Post

AIGCC is pleased to support The Powering Past Coal Alliance (PPCA)'s Call to Action for No New Coal. 25 countries and the European Union have signed on and announced their intention to put forward national climate plans that reflect no new unabated coal in their energy systems and call on others to do the same. More: https://bit.ly/4hZOfpk AIGCC CEO Rebecca Mikula-Wright said: “AIGCC and IGCC are pleased to join and support PPCA’s Call to Action for No New Coal in national climate plans. To keep to a 1.5°C or even 2°C aligned pathway, Asia-Pacific countries need to immediately reduce their emissions with demonstrable progress towards coal phase out, such as the early winding down of coal plants.  "As we are approaching the deadline for submitting the national determined contributions (NDCs), we urge governments to have plans that reflect no new unabated coal in their energy systems whilst allowing for just transition elements to be considered.  "Having a fair, fast, and well-planned transition will enable new capital flows and investment avenues for renewables.” Investor Group on Climate Change (IGCC) . . . #NDCs #nonewcoal #nationaldeterminedcontributions #coal #coalphaseout #AsiaPacific #APAC #nationalclimateplans #climateaction #justtransition #renewables #renewableenergy #PPCA

Big news from across the pond! The UK has officially stopped using coal to generate electricity—a huge milestone in the fight against climate change. As North America continues decarbonizing its energy sectors, this move shows what’s possible when nations prioritize climate action and invest in renewables. What lessons can we take from the UK's coal-free journey? Read the full story from NPR: https://lnkd.in/ew2rhs-6 #ClimateChange #EnergyTransition #Sustainability #NetZero #RenewableEnergy

As COP29 approaches, Javelin Capital would like to acknowledge and celebrate milestones in the global march towards net zero emissions. This week's seminal event is the shutdown of the last coal plant in the UK, which stands out even more since Britain has long been known as the "birthplace of coal power". The transition fully away from coal was accomplished through a combination of policy efforts to combat climate change and the increasing deployment of energy transition technologies such as BESS.    We're impressed...and look forward to more milestones like this in the coming years! #javelincapital #energytransition #netzeroemissions #cleanenergy

Wowsers! What would it cost to kill coal? The energy transition will be much cheaper than you think… Coal accounts for around 35% of total global power production. Annual coal-generated power production is around 2,100GW. It’s predicted to GO UP to circa 2,350GW by 2040. To reimburse investors for the capital involved would cost around $5.7trn. That sounds like a lot… In reality that’s equivalent to about three years’ worth of global clean energy investment. Every dollar spent now to avoid downstream problems is 30% more efficient than a dollar spent in 10 years time. It equates to around $34/tonne of CO2 emissions avoided. Carbon offsetting currently costs $85/tonne. Taking carbon already emitted back out of the atmosphere costs around $600/tonne. Do the maths… #Environment #Economist #ClimateChange #CleanEnergy The energy transition will be much cheaper than you think https://lnkd.in/dPTKx_Uf from The Economist

Climate change is a global issue to be solved, not a national political opportunity! For an example of the failure of this logic one only has to consider the CDN "Just Transition" to made in China wind/solar/EVs/heatpumps built with coal, children in Africa and Russian oil and gas! More irony is that they do not really work well in CDN's frigid climate, but CDN solved that issue with cleaner than coal hydro, CANDU & natural gas 50+years ago. Now with new tech from Nobel winning energy innovator Rodney Allam natural gas can be used to create clean electricity via NET Power and clean hydrogen via 8RH2 this will help the world reduce its emissions. Yet more national climate virtue signaling does nothing to reduce global emissions. In Canada's case it could help much more than its 1.6% of global emissions, with the export of inexpensive cleaner than coal SK uranium, ON CANDU & BC/AB LNG!

The UK has officially closed its last coal power plant after 142 years, signaling the end of an era and the start of a new one. What was once a dream has now become a reality. Shutting down coal to shift towards renewable energy is one of the most powerful actions we can take to combat climate change. Now, it's time for other countries, from the US , Europe to India and China, to follow this example. If the UK can make this change, the rest of the world can too. Let's take action for a sustainable future! Agree? https://lnkd.in/d3NCVkqt #coal #renewableenergy #climatechange #climateaction #sustainable

Coal, the dirtiest fossil fuel among the other three types, gas, coal, and oil, is the single largest source of carbon emissions and a primary contributor to air pollution. The IEA 2023 report notes that the steep drop in coal demand during the height of the covid was replaced by a strong rebound when Russia invaded Ukraine driven by the energy crisis, reaching new levels in 2022 as the primary source of electricity generation, steelmaking, and cement production. Coal’s contribution to warming the planet from carbon emissions makes it essential to curb its use and replace it with a cleaner energy source. #climatearticles #climatechange #RenewableEnergy #climateadaptation https://lnkd.in/gZszKXi6

Until recently, everybody thought that the fight against climate change was meant in order to create a better future for our children and grandchildren. However, recent record temperatures and massive corral bleaching have shown the we will feel the effects of climate change in our own lifetimes. That does not seem to stop oil and gas companies from using the same tactics of deny/delay/distraction in order to replace the energy transition with useless technologies (carbon capture, cold fusion, hydrogen ecconomy). #energy #energytransition #carboncapture #Siemens #sgre #siemensgamesa #siemensenergy https://lnkd.in/esHt2-VA

New ammunition for a #fossilfuelnonproliferationtreaty. Recent research ( 👉 https://lnkd.in/ewvmCUvs) indicates that countries do not need to issue new licences for oil, gas, or coal extraction to meet global energy demands while adhering to climate goals 🌍. The comprehensive analysis builds on other research (such as from the International Energy Agency (IEA), 👉https://lnkd.in/eCab5WFt), which emphasizes that existing fossil fuel reserves are sufficient and that new developments would hinder efforts to limit global warming to 1.5°C 🌡️. Key takeaways: ⛔ No New Licences Needed: Existing fossil fuel sites are enough to meet current energy needs while working towards climate targets 🚫🛢️. ⚠ Stranded Assets Risk: Investment in new fossil fuel infrastructure could result in stranded assets and economic losses as the world transitions to renewable energy sources 🌞. 💪 Global Leadership: Countries like France, Ireland, and Denmark have already committed to stopping new fossil fuel licences, showcasing strong climate leadership 🌍. However, they have not completely set out how to phase out the use of fossil fuels, which might also help businesses and finance to make financial decisions and handle stranded assets. 📣 There is no excuse anymore. Every addition to future fossil fuel production will warm the planet further, which is unnecessary for future energy demand. It is lobby pressure, not needs pressure. And do not forget: mitigation costs are lower than pumping up more fossil fuels (👉https://lnkd.in/eXPXUa2S) 𝐒𝐨, 𝐰𝐡𝐚𝐭 𝐢𝐟 𝐚𝐥𝐥 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭𝐬 𝐰𝐨𝐮𝐥𝐝 𝐬𝐢𝐠𝐧 𝐭𝐡𝐞 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐧𝐨𝐧-𝐩𝐫𝐨𝐥𝐢𝐟𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐭𝐫𝐞𝐚𝐭𝐲? That would help the economy to pivot away from fossils. The sooner, the better. https://lnkd.in/eyxMfC_d