Michael Copley
π€ SpeakerAppearances Over Time
Podcast Appearances
Instead, the president of this year's meeting, AndrΓ© Aranja Correa de Lago, said in the coming months he'll work on a process and timetable for reducing fossil fuel use.
Countries did agree in Brazil to try to triple funding for things like flood defenses that can help communities adapt to a hotter world.
The final deal doesn't say anything about phasing out fossil fuels, the main driver of global warming.
Dozens of countries had demanded a phase-out plan.
saying world leaders need to deliver on an earlier commitment to reduce the use of coal, oil, and natural gas.
Instead, the president of this year's meeting, AndrΓ© Aranja Correa do Lago, said in the coming months he'll work on a process and timetable for reducing fossil fuel use.
Countries did agree in Brazil to try to triple funding for things like flood defenses that can help communities adapt to a hotter world.
The IEA's latest forecast for renewable energy development in the U.S.
is almost 50 percent lower than last year's.
That could create challenges to economic growth.
Energy analysts and executives say renewables are crucial to help meet rising U.S.
power demand from new data centers and factories.
renewables market is expected to slow, the IEA says growth is still strong globally.
The agency expects power capacity from renewables to double by 2030, and for renewables to overtake coal as the world's largest source of electricity generation by the middle of next year at the latest.
The Energy Department says it terminated funding for projects that don't address the country's energy needs and aren't economically viable.
The announcement came hours after the White House Office of Management and Budget Director, Russ Vogt, posted on X that the administration was canceling funding for projects in 16 states, all of which voted for former Vice President Kamala Harris in the last election.