DW reports that, “In 2024, the world experienced its largest-ever increase in renewable energy generation, which now provides 40% of global electricity. In the first half of this year solar and wind exceeded all demand growth for electricity, surpassing coal for the first time.” Solar capacity is doubling every three years. Wind power has tripled since 2015. The International Energy Agency reports that global renewable energy investments exceeded US$2 trillion last year, double the amounts committed to coal, oil and gas.
To increase energy security in the face of a growing global energy crisis and reduce their reliance on increasingly expensive, inefficient fossil fuels, countries that import oil, gas and coal are rapidly advancing electrification and renewables.
Analysis from COP30 also shows that “Sticking to three key climate promises — on renewables, energy efficiency and methane — would avoid nearly 1 C of global heating and give the world hope of avoiding climate breakdown,” the Guardian reports.
But the world continues to burn dirty, polluting coal, gas and oil at deadly rates and has increased subsidies to the fossil fuel industry — the most profitable enterprise in history!
Canada has failed to live up to its promise to phase out fossil fuel subsidies. The federal and provincial governments are supporting expanded development of methane gas exploitation and liquefaction, and are proposing pipelines to ship more dirty bitumen from the Alberta oilsands to British Columbia ports for export, where it will be burned in other countries and not counted in our emissions reporting.