Global Energy Monitor’s Post

A race to the top for open energy data at #NYCClimateWeek — many thanks to all who joined our inaugural event and a lively discussion focused on the pivotal role of open data in driving the energy transition. Special thanks to our panelists Lekha Sridhar of WattTime.org, GEM's Diren Kocakuşak, Ph.D., Sonia Kwami of 350.org, Max Bearak of The New York Times and facilitated by Ryan Driskell Tate. If you missed the event catch a recording here: https://lnkd.in/e8JMejmn

Hats off to the collaboration between GEM's Anna Mowat and Joachim Kattrup at Danwatch. Great to see our work drive accountability and transparency in the fight against climate change. 

Private equity firms like Carlyle, Brookfield, and EIG are responsible for a staggering 1.17 gigatons of CO2 emissions annually. The new 2024 Private Equity Climate Risks Scorecard shows these firms are still deeply invested in fossil fuels, with 67% of their energy portfolios tied to coal, oil, and gas. Despite claims of sustainability, these firms are doubling down on dirty energy and exposing themselves—and their investors—to significant financial and climate risks. It’s time for transparency, accountability, and real climate action from private equity. https://lnkd.in/eSRiHyZG

Private equity continues to drive the climate crisis. The top 21 firms in the new 2024 Private Equity Climate Risks Scorecard and Report, including Carlyle, Brookfield, and EIG, are responsible for over 1.17 gigatons of emissions annually. 67% of their energy portfolios are tied to fossil fuels, despite growing demands for climate accountability. These firms are failing to align with the 1.5°C climate target, putting our planet and financial markets at risk. Read the full report here: https://lnkd.in/eSRiHyZG

The #UK is on the verge of entering its #coal-free era, as it shuts down its last remaining operating coal-fired power plant today. A significant milestone in the UK’s clean energy transition, the country is the first member of the #G7 to retire all its coal power. Still, as Christine Shearer tells Reuters today, "there is a lot of work to do... particularly in Japan, the U.S., and Germany" to meet phase-out commitments. https://lnkd.in/eVrAnbfy  

🚨📉 Fresh data drop! ⤵️ The updated Global #Bioenergy Power Tracker now includes: 📈 667 new units 🌍 6 more countries ⚡ 11.9 GW boost in global capacity 🔍 Expanded coverage of municipal waste bioenergy in 🇨🇳 📥 Explore the latest data: https://lnkd.in/erAhdPFC

#Bioenergy capacity has skyrocketed in Japan and South Korea, driven by woody #biomass to meet renewable energy goals. However, this rapid expansion poses critical sustainability and financial concerns. 🔍 Japan: Projected to reach 3.8 GW by 2026, Japan’s woody biomass plants may emit 30% more carbon than coal. 🇰🇷 South Korea: With a 1.46 GW capacity target by 2026, biomass co-firing threatens to extend coal use, despite a 2050 phaseout goal. “The bioenergy buildout is a massive distraction from funding real solutions for a clean energy transition. Woody biomass burning doesn’t achieve the intended emissions reductions and poses safety hazards for communities and workers,” warns Sophia Bauer, Project Manager for the Bioenergy Power Tracker at GEM. 🔗 Read the full brief: https://lnkd.in/erAhdPFC

🌍🔎 Check out our Global #Oil & #GasPlant Tracker, now updated with an enhanced dashboard! 🔹 Explore how much oil and gas power capacity has been added or retired globally and by region. 🔹 Dive into key trends like capacity status, age, technology, and fuel mix. Discover the latest insights and trends: https://lnkd.in/eRY9winD

⏳ Only a few days until our "Race to the Top: Open Data & the Energy Transition" panel at #ClimateWeekNYC! 🌿📊 Join us on Wednesday morning (Sept 25th) for an insightful discussion on how open data is transforming the energy transition. Hear from experts like Lekha Sridhar (WattTime.org / Climate TRACE), Sonia Kwami (350.org), and Max Bearak (The New York Times), and Diren Kocakuşak, Ph.D. (GEM), moderated by Ryan Driskell Tate (GEM). 🔗 Secure your spot today: https://lnkd.in/evzfzkGp