The European Commission today officially presented its Green Deal bill. Though the law has been welcomed in principle by environmental organizations, the provisions are not seen to be ambitious or concrete enough – and 12 EU member states already want to speed up decarbonization.
The first debate, featuring the two front-runners for the Democratic nomination, showed clear and growing divisions within the Democratic Party on climate policy as much as everything else.
Clean energy is driving the country to its Paris commitments well ahead of schedule. The Australian National University published findings today that conclude Australia is on track to hit 50% renewable electricity in 2024 and 100% in 2032 – at a net cost “of approximately zero”. Despite the good news, the Clean Energy Council warned federal policy may see the opportunity squandered.
If plans are realized, the private-public investment vehicle will start investing in companies with green-tech innovations. The fund would be used to pursue technologies which could help the decarbonization of the economy but which have not received enough attention.
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