Climate crisis

Oil refinery representing fossil fuel divestment debate and the push to move away from petroleum infrastructure

Fossil fuel divestment funds double to $5 trillion in one year

Fossil fuel divestment crossed a remarkable threshold in late 2016, when committed funds reached $5.2 trillion — double the total from just 14 months earlier. What began with student activists pressing universities had pulled in pension managers, insurance giants, and Norway’s sovereign wealth fund. It was the moment climate pressure started speaking fluently in the language of balance sheets.

Solar farm with wind turbines representing breakthrough energy ventures in renewable power generation

Bill Gates leads a $1 billion clean energy venture fund to cut emissions

Breakthrough Energy Ventures launched in December 2016, when Bill Gates and nearly two dozen investors — including Jeff Bezos, Jack Ma, and Vinod Khosla — committed up to $1 billion to clean energy startups. Its unusual 20-year horizon signaled patience for technologies that don’t fit standard venture timelines, a quiet bet on the slow work of energy transformation.

People installing solar panels for Florida solar property tax exempt home energy upgrade

Florida votes overwhelmingly to remove property tax on solar equipment

Florida solar got a boost on Election Day 2016, when roughly 73% of voters approved Amendment 4, exempting home solar equipment from property tax assessments. The measure drew a rare bipartisan coalition and passed alongside the defeat of a utility-backed counter-measure. In the years that followed, Florida climbed from near the bottom of U.S. solar rankings toward the top.

Edinburgh buildings powered by Scotland renewable electricity infrastructure visible in the skyline

Scotland sets a goal to run on 100% renewable electricity by 2020

Scotland’s 2016 clean energy pledge set one of the boldest targets any government had named: the equivalent of 100% of the country’s electricity from renewables by 2020. Already at roughly 59% that year, mostly from wind, the country turned a distant-sounding goal into a near-term plan — and shifted what other governments believed was possible.