Electrical grid upgrades are crucial because households need affordable, reliable power and access to clean technologies like electric vehicles and heat pumps.
The relentless technological advances have seen innovations such as solar panels progress from simply heating water for residential swimming pools to utility-scale solar farms.
The world's renewable energy grew at its fastest rate in the past 25 years in 2023, the International Energy Agency reported on Thursday in its first assessment since nations agreed in December on ambitious new targets to slow dangerous climate change.
In addition to the province's economy, Alberta's ban on renewable project approvals is a setback for rural municipalities that need the estimated $28 million in tax revenue.
Banks are using the term "sustainable finance" too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday to the Ontario Securities Commission and the Autorité des marchés financiers of Québec.
Dutch bank ING says it is accelerating its phasing out of funding for oil and gas exploration and production activities while it increases financing for renewable energy.
The latest United Nations climate conference will almost certainly fail to meet its stated goals. But as a flurry of recent news shows, the energy transition is already well past the point of no return — and picking up speed every day.