Remove Demand Remove Electricity Remove Fossil fuels Remove Investment
article thumbnail

2020: Fossil fuels are dead, long live the sun

GreenBiz

2020: Fossil fuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossil fuels. COVID-19 constricted commuting, and demand for refined oil products fell fast.

article thumbnail

Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry

DeSmogBlog

billion supporting the fossil fuel and petrochemical industry. Taxpayer handouts to Canada’s wealthiest companies means that less money is available for the types of investments that could actually help people across the country who are deciding between food and energy bills,” she said. Initially estimated to cost $5.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Carbon 'rainbow': Unilever pledges $1.2B to scrub fossil fuels from cleaning products

GreenBiz

to scrub fossil fuels from cleaning products. billion over the next 10 years into initiatives that will allow it to replace chemicals in its cleaning products made from fossil fuel feedstocks with greener alternatives — an investment it described as critical to meeting its aim of achieving net-zero emissions from its products by 2039.

article thumbnail

'On the brink of overtaking fossil fuels': Clean energy investment tops $1tr for first time

Business Green

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.

article thumbnail

Could trash-to-energy technology feed hydrogen demand?

GreenBiz

Could trash-to-energy technology feed hydrogen demand? One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. . Green hydrogen — made by splitting water’s hydrogen and oxygen using electricity produced by renewable sources — is a small fish in the "energies pond." Arlene Karidis.

Demand 528
article thumbnail

EU plots reform of electricity markets to tackle 'fossil fuel crisis'

Business Green

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.

article thumbnail

The world’s electrical utilities still progressing too slowly towards a renewable energy transition

Envirotec Magazine

As policymakers and leaders around the world prepare for pivotal climate discussions at COP28, the sector must seize the momentum to create more renewable energy, enabling other sectors to decarbonise, and shifting demand away from fossil fuels. Vicky Sins, Decarbonisation and Energy Transformation Lead, said: “We cannot keep 1.5