GreenTechMedia

AUGUST 4, 2020

BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment tenfold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy. BP is now targeting 50 gigawatts of renewables capacity by 2030, an ambition that puts it on a level with French utility giant EDF.

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altenergymag

JUNE 20, 2023

The extensive usage of fossil fuels in order to meet the rising demand for energy is driving the need for sustainable energy. Increasing fossil fuel usage adds to the carbon footprint, further depleting the ozone layer. billion by 2030, at a CAGR of 17.51%.

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Solar Energy Monitor Energy Monitor Ozone Fossil fuels 122

GreenTechMedia

SEPTEMBER 11, 2020

By 2030, Wood Mackenzie expects wind, solar and batteries to dominate Europe's grid mix. In the first half of 2020, renewables (solar, wind, hydro and biomass) beat out fossil fuels on the European grid for the first time. They didn’t only beat out coal -- they beat out all fossil fuels put together.

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Business Green

JULY 13, 2021

Emerging economies on course to 'leapfrog' fossil fuel power infrastructure and move straight to renewables-dominated grids, according to new analysis from Carbon Tracker and India's CEEW. Overall, the analysis expects fossil fuel demand in emerging markets to peak as early as 2025.

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Fossil fuels Demand Electricity Carbon 101

Business Green

JANUARY 11, 2023

Campaign group One for One warn fossil fuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash. The One for One rule will ensure that banks making high-risk fossil fuel investments shoulder that risk themselves," she added. "It

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Fossil fuels Climate change Government Investment 94

DeSmogBlog

FEBRUARY 28, 2023

French environmental organizations Notre Affaire à Tous, Friends of the Earth France, and Oxfam France last week filed what they say is the world’s first climate lawsuit against a commercial bank, suing BNP Paribas over its continued funding of fossil fuels. They also say that the financial sector more broadly is on notice.

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The Guardian: Energy

AUGUST 29, 2023

Drop in first half of year driven by fall in demand and some growth in clean power, study says The European Union is stoking its power plants with fewer lumps of coal and barrels of oil and gas than it has ever recorded, data shows. Continue reading.

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Fossil fuels Electricity Demand Energy 67

Financial Times: Energy

SEPTEMBER 26, 2023

Governments need to step up clean energy supply to avoid shortages and price jumps, agency warns

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Global warming Fossil fuels Demand Government 108

Smart Energy International

MARCH 29, 2022

IRENA’s new World Energy Transition Outlook 2022 sets out 2030 priorities to meet its 1.5 o C and that progress over the next eight years to 2030 will be “critical” to accelerating its trajectory. Eighty per cent of the global population lives in countries that are net importers of fossil fuels. 2030 priorities.

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Fossil fuels Energy Energy Hydrogen 119

Impact Alpha

SEPTEMBER 15, 2020

The post BP’s new business-as-usual: falling fossil fuel demand appeared first on ImpactAlpha. The British oil giant painted three scenarios: a rapid transition, where carbon emissions from energy fall by 70% by 2050; net zero, where shifting social norms cut.

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Fossil fuels Demand Carbon Energy 64

Impact Alpha

JUNE 3, 2020

The signposts are clear: the fossil fuel industry is in long-term decline as demand shifts to clean energy. Fossil fuel producers, however, continue to invest $5 trillion a year in new production despite falling demand and calls to limit emissions and planetary warming. Low-cost renewables.

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Fossil fuels Demand Investment Energy 85

Financial Times: Energy

SEPTEMBER 11, 2023

Global demand for oil, natural gas and coal expected to peak before end of 2030

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Fossil fuels Natural gas Demand 112

Business Green

MARCH 21, 2022

Researchers argue wealthier nations that can better withstand rapid cuts to fossil fuel revenues must eliminate their oil and gas production quickest. warming scenario should be split between countries, depending on their levels of wealth, development, and economic reliance on fossil fuels.

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Fossil fuels Politics Climate change Energy 73

DeSmogBlog

DECEMBER 10, 2021

An in-depth article by the website Carbon Brief argues that the fuel is unlikely to be taken up universally, particularly as “the volume required to satisfy all the possible applications for low-carbon hydrogen would likely far exceed the amount available, even if production is significantly scaled up.”. Credit: Gaia Lamperti.

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Smart Energy International

APRIL 4, 2024

Smart Energy Solutions (SMS) has begun laboratory testing of Interoperable Demand Side Response (IDSR) solutions as part of the UK Government’s Flexibility Innovation Programme. An estimated 30GW of low-carbon flexible assets are projected to be deployed across the grid by 2030 (representing a three-fold increase on today’s levels).

Home Energy Monitoring 59

Home Energy Monitoring Energy Monitor Business Energy Monitoring Building Energy Monitoring 59

DeSmogBlog

SEPTEMBER 9, 2021

Fossil fuels such as coal, oil and natural gas are the source of just over 80% of the world’s energy. To avert catastrophic warming, the global community must rapidly reduce how much of these fuels it extracts and burns. target because it was already at its limit, given our projections of fossil fuel demand in the near future.

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Fossil fuels Carbon-negative Global warming Climate change 92

Envirotec Magazine

APRIL 26, 2022

The energy transition continues to gain steam, with oil demand projected to peak in this decade, perhaps as soon as 2025, according to new research by global consultancy firm McKinsey & Company. Every year we’ve published this report, peak oil demand has moved closer. C by 2100, and reaching a 1.5°C

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Global warming Fossil fuels Hydrogen Demand 361

DeSmogBlog

AUGUST 3, 2023

Policy Exchange, one of Westminster’s most prominent think tanks, engaged in a high-level influencing campaign over the UK’s North Sea oil and gas policies while being funded by fossil fuel interests, DeSmog can reveal. Fossil fuel firms tout CCUS and hydrogen as green energy solutions, yet the reality is more complicated.

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Fossil fuels Building Energy Monitoring Business Energy Monitoring Energy Monitor 93

Business Green

SEPTEMBER 14, 2022

Ursula von der Leyen sets out plans to mandate revenue cap on electricity generators and secure a 'crisis contribution' from fossil fuel companies in her State of the European Union address. We are in a fossil fuel crisis, the fossil fuel industry has a special duty too," she said.

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Fossil fuels Electricity Lithium Europe 84

Envirotec Magazine

APRIL 25, 2024

It also looks at the persistence of fossil fuels in its energy mix. On the other hand, DNV forecasts fossil fuels will still account for 40% of its energy mix in 2050. However, oil and gas usage will continue to rely on imports.

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Energy Monitor Solar Energy Monitor Building Energy Monitoring Energy 147

Business Green

JANUARY 27, 2023

BNEF reports that global investment in the clean energy transition rose 30 per cent last year to record levels Global investment in the clean energy transition soared to record levels last year, surpassing $1tr as the sector matched the level of investment in fossil fuels for the first time.

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Fossil fuels Investment Energy Energy 101

The Guardian: Energy

DECEMBER 9, 2023

The prospect of halving demand for coal is a goal worth striving for, but governments must stay the course In the past week almost 120 global leaders have pledged to triple the world’s renewable energy capacity before 2030 in a bold attempt to slash the global consumption of fossil fuels.

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Fossil fuels Demand Government Energy 60

Business Green

JANUARY 14, 2021

A new report from McKinsey predicts global fossil fuel demand 'will never return to its pre-pandemic growth curve', but warns the world is still on track to badly miss its climate goals. The oil industry has been particularly badly hit.

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Fossil fuels Demand Hydrogen Carbon-negative 50

Clean Energy Canada

MARCH 21, 2023

million job decline in fossil fuels in this scenario (the world will want a lot less oil and gas), this is far exceeded by the 2.2-million Between 2025 and 2050, there would be 419,000 clean energy jobs added in the province, significantly more than the 324,000 job decline expected in fossil fuels.

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Fossil fuels Energy Energy Policy 95

Mr. Sustainability

APRIL 30, 2018

Fossil fuels, a vision of the future or something our children will see in history books? The energy markets, broadly taken to be fossil fuels and renewables, have seen significant changes over the past years. Though hard to predict, most outlooks expect energy demand to rise by about 30% by 2030.

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Fossil fuels Demand Energy Energy 104

Business Green

JULY 30, 2020

French oil giant concedes oil sands projects are becoming too expensive and warns that 'beyond 2030' peak oil demand beckons. As well as writing down fossil fuel assets, BP, Total and Shell, have also all recently unveiled net zero transition goals, as the firms embark on reshaping their business model for the future green economy.

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Fossil fuels Demand Carbon Natural gas 94

Business Green

OCTOBER 20, 2021

Production Gap report reveals governments still plan to produce more than double the amount of fossil fuels in 2030 than is consistent with limiting global warming to 1.5C. The third edition of the report concludes that despite the impact of the coronavirus pandemic the fossil fuel 'production gap' remains largely unchanged.

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Fossil fuels Global warming Government Construction 81

DeSmogBlog

OCTOBER 3, 2021

Nearly two thirds of social media posts put out by six major European fossil fuel and energy companies since the end of 2019 present a “green” image of the company, despite the majority of their business activity remaining in fossil fuels, reveals new analysis by Desmog.

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Fossil fuels Carbon-neutral Carbon-negative Carbon 98

GreenTechMedia

APRIL 27, 2020

Abandoning fossil fuels for electricity generation by 2030 would save money for countries in the Middle East and North Africa (MENA), according to new research into renewable energy in the area. Evening out supply and demand with a MENA-wide transmission network would cut LCOE from €52.80

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Fossil fuels Electricity Africa Wind power 130

Business Green

JULY 26, 2021

Scottish Widows has claimed that its £250m Environmental Fund now boasts the widest fossil fuel exclusions of any pension provider in the UK, as it unveiled a reboot of the 31-year-old scheme this morning. Outfits that receive revenue from nuclear energy or nuclear uranium mining will also be excluded, it added.

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Fossil fuels Ozone Nuclear Power Investment 84

Business Green

OCTOBER 4, 2022

Clean energy milestone signals renewable power sector is ready and able to keep up with growing electricity demand. Energy analysts are celebrating findings that show the renewable power sector has proved itself capable of expanding at a rate faster than increasing demand for electricity.

Demand 71

Demand Fossil fuels Electricity Hydropower 71

Business Green

SEPTEMBER 29, 2021

Over 600 businesses including Unilever, Netflix, and Volvo Cars have signed an open letter urging world leaders to strengthen short and long term climate targets, end support for fossil fuels, and ramp up climate finance ahead of crunch talks at the G20 and COP26 summits this autumn.

Fossil fuels 101

Fossil fuels Policy Global warming Resilience 101

GreenTechMedia

SEPTEMBER 17, 2020

The EU will increase its 2030 emission reduction target to “at least 55 percent” up from 40 percent, Ursula von der Leyen, president of the European Commission confirmed Wednesday. In terms of total energy demand, renewables will have to reach 38-40 percent compared to the 33 percent expected under current policies.

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GreenTechMedia

SEPTEMBER 14, 2020

Google on Monday pledged that by 2030 it will run its entire business on carbon-free energy — every hour of every day of the year. Others in states with a preponderance of fossil-fired generation achieved only 41 percent, as in Ohio and Virginia, or even lower rates of 24 percent in Georgia and 19 percent in South Carolina.

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DeSmogBlog

JUNE 12, 2021

These include fossil fuel giants like BP, Shell, and Total; tech giants like Microsoft and Apple; retailers like Amazon and Walmart; financers like HSBC, Bank of America, and BlackRock; airlines like United and Delta; and food, livestock, and meat-producing and agriculture corporations like JBS, Nestlé, and Cargill. .”

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Business Green

OCTOBER 13, 2021

Fossil fuel use is set to peak by 2025 if the climate pledges announced so far by governments are delivered, according to the latest projections from the International Energy Agency (IEA) that suggest the global fossil fuel industry is on the brink of entering a period of sustained decline. of warming by 2100.

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Fossil fuels Demand Government Investment 38

Renewable Energy World

DECEMBER 10, 2021

A new study from the Energy Department’s Lawrence Berkeley National Laboratory found that deploying 307 GW of solar and 142 GW of wind capacity in India by 2030 would need around a $26.5 Installing 450 GW of renewables by 2030 could help meet Modi’s target, the report said. billion annual investment.

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Fossil fuels Solar Power Hydropower COP 88