IEA: Demand for oil on track to reach all-time high in 2023
GreenBiz
AUGUST 15, 2023
The energy transition is slowing down growth of oil demand, but has yet to reduce overall levels of consumption of the fossil fuel, the IEA warns.
2020: Fossil fuels are dead, long live the sun
GreenBiz
AUGUST 13, 2020
2020: Fossil fuels are dead, long live the sun. We’ve spent decades promoting clean energy technologies. 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. Hunter Lovins.
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Fossil fuels are losing ground to renewable energy in Europe
The Verge: Energy
FEBRUARY 6, 2024
. | Photo by Jan Woitas/picture alliance via Getty Images The European Union saw a record drop in pollution from fossil fuel power plants last year, according to a new report. Ember, an energy think tank that crunched the numbers, calls it “an unprecedented collapse in coal and gas electricity generation.”
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Grid + renewables spend hikes beyond fossil fuels
Smart Energy International
JUNE 7, 2024
In this week’s edition of Smart Energy’s Power Playbook, Yusuf Latief reports on an investment update from the International Energy Agency (IEA) which has found that of the total $3 trillion expected to be invested in energy, the lion’s share will go into renewables and the power grid, surpassing fossil fuels.
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IEA’s World Energy Outlook 2023 Predicts Peak Fossil Fuel Demand
R-Squared Energy
OCTOBER 30, 2023
The International Energy Agency (IEA) just released its World Energy Outlook 2023 report. Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. However, fossil fuels will still account for over 70% of supply (down from ~82% in 2022).
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Greenpeace US Responds to Fossil Fuel Industry Plans to Grow Plastic Demand
Green Living Guy
FEBRUARY 2, 2022
Yet, the fossil fuel industry aims to increase the demand for plastic over the next decade. This is as the transition to green energy could decrease the demand for oil and gas. The post Greenpeace US Responds to Fossil Fuel Industry Plans to Grow Plastic Demand appeared first on Green Living Guy.
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Future energy demand does not need new fossil fuels, study says
Financial Times: Energy
MAY 30, 2024
Existing oil, gas and coal projects are ‘sufficient’ as green energy expands, research finds
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New fossil fuel projects ‘very unwise economic risk’ says global energy chief
The Guardian: Energy
SEPTEMBER 14, 2023
Fatih Birol, head of International Energy Agency, says countries planning expansion are ‘misjudging market trends’ Countries and companies planning to expand their fossil fuel production are taking “very unhealthy and unwise economic risks” as their investments may not be profitable, the world’s foremost energy adviser has warned.
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Study: Existing fossil fuel projects 'sufficient' to meet future global energy demand
Business Green
MAY 30, 2024
Research argues efforts to normalise end of new fossil fuel projects will be more effective for tackling climate change than 'complex' net zero goals
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Could trash-to-energy technology feed hydrogen demand?
GreenBiz
JULY 15, 2020
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.
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Report: As Climate Crisis Expands, Canada Still Hands Billions to Fossil Fuel Industry
DeSmogBlog
MARCH 27, 2024
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
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‘Beginning of the end’ of fossil fuel era approaching, says IEA
The Guardian: Energy
SEPTEMBER 12, 2023
Forecast downturn still ‘nowhere near steep enough’ to limit temperature rise to 1.5C, says watchdog Business live – latest updates The world’s demand for oil, gas and coal will begin to decline this decade in “the beginning of the end” of the fossil fuel era, according to the global energy watchdog.
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The world came tantalizingly close to a deal to phase out fossil fuels
The Verge: Energy
DECEMBER 12, 2023
Even so, climate-vulnerable countries and environmental advocates scored some key wins with clean energy after heated climate negotiations wrapped up in the United Arab Emirates, a top oil- and gas-producing country. The beginning of the end for fossil fuels? Alas, countries still aren’t facing the root of the problem.
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Carbon 'rainbow': Unilever pledges $1.2B to scrub fossil fuels from cleaning products
GreenBiz
SEPTEMBER 8, 2020
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.
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IEA’s World Energy Outlook 2023 Predicts Peak Fossil Fuel Demand
Energy Central
OCTOBER 31, 2023
The International Energy Agency (IEA) just released its World Energy Outlook 2023 report. Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. The full report may be found here.
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Cop28 live: energy in focus after scientists reject president’s fossil fuel comments
The Guardian: Energy
DECEMBER 4, 2023
UAE presidency faces questions over views after recording of Sultan Al Jaber comments emerges, as summit enters sixth day Global carbon emissions from fossil fuels to hit record high Good morning. This is Natalie Hanman, bringing you coverage from the sixth day of the UN’s Cop28 climate summit. Continue reading.
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Innovative demand strategies for clean energy
Science Daily: Renewable Energy
JUNE 4, 2024
A perspective piece describes innovative strategies that significantly reduce both resource consumption and fossil fuel emissions.
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GB News Owner’s Hedge Fund Has $2.2 Billion Fossil Fuel Investments
DeSmogBlog
OCTOBER 30, 2023
billion) in fossil fuel firms. This includes companies that specialise in extracting, refining, transporting and distributing fossil fuels. million) shareholding in the oil and gas supermajor Chevron, as well as stakes in Shell, Equinor, and 109 other fossil fuel companies. billion (£1.8 million in April.
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PJM Urges Delayed Retirement of 840-MW Fossil Fuel Power Plant, Citing Reliability Impacts
POWER Magazine
JANUARY 10, 2024
PJM has urged Talen Energy to delay its deactivation of two of four units at the 840-MW coal, oil, and gas–fired Herbert A. Wagner Generating Station in Maryland until transmission […] The post PJM Urges Delayed Retirement of 840-MW Fossil Fuel Power Plant, Citing Reliability Impacts appeared first on POWER Magazine.
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Renewable energy passes 30% of world’s electricity supply
The Guardian: Energy
MAY 7, 2024
Report says humans may be on brink of cutting fossil fuel generation, even as demand for electricity rises Renewable energy accounted for more than 30% of the world’s electricity for the first time last year following a rapid rise in wind and solar power, according to new figures. Continue reading.
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111 Rich countries should stop pushing fossil fuels on Africa – don’t we deserve a renewable future too? | Vanessa Nakate
The Guardian: Energy
OCTOBER 27, 2023
Rather than racing to extract natural gas, those who caused the climate crisis should help Africa harness its wind and sun Vanessa Nakate is a Unicef goodwill ambassador and youth climate activist It’s official: we’re about to reach peak fossil fuels.
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The Rising Demand for Energy as a Service: A Sustainable Solution for the Increasing Energy Needs
altenergymag
JUNE 16, 2023
The increasing demand for sustainable energy along with the rising population is driving the demand for energy as a service market. The demand for energy is experiencing a major gain owing to increasing disposable income and surging industrialization.
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A ?Just Transition? for Fossil Fuel Workers
GreenTechMedia
JUNE 5, 2020
We use the term “energy transition” to define markets, technology, business models. The transition away from fossil fuels isn’t a nice-to-have. It’s shutting down the dirty stuff at a pace the science demands. The Interchange is brought to you by Prisma Energy Solutions.
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Renewable Energy Production: How Solar Energy Beats Fossil Fuels for Total Chemicals and Greenhouse Gases
Green Living Guy
FEBRUARY 21, 2023
With the world’s growing population and the increasing demand for energy, renewable energy production has become increasingly important. In addition, renewable energy production has become a hot topic in the energy industry.
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Leaders of world’s major cities call for phase-out of fossil fuels
The Guardian: Energy
NOVEMBER 30, 2023
Leaders from the nearly 200 countries at the United Nations climate summit under way in the United Arab Emirates must face the “inescapable truth” that fossil fuels must be left behind, a letter to heads of state from the C40 group, which includes the mayors of cities including New York, London, Beijing, Paris and Cape Town, states.
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Snapshots of our World: Energy: Fossil Fuels + Iron Rivers + Current Mystery
Planet Pulse
JANUARY 11, 2024
In this week’s issue : We kick off our energy series with the top dog: fossil fuels Orange rivers in Alaska A river mystery in Colombia Feature Story: Energy: Fossil Fuels If you’re reading this then you owe gratitude to fossil fuels. The energy hierarchy is shifting.
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‘Shame On You’: Indigenous Campaigners Demand JPMorgan End Fossil Fuel Finance
DeSmogBlog
NOVEMBER 11, 2021
JPMorgan Chase is the world’s biggest financier of fossil fuels, according to environmental organisations. In 2020 the bank pledged to end fossil fuel loans for Arctic oil drilling and phase out loans for coal mining. Fossil Finance. They are taking our trees and destroying them.”. JP Morgan declined to comment.
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Energy Transitions Commission: Only rapid, dramatic fossil fuel phase-down can deliver safe climate
Business Green
NOVEMBER 15, 2023
Coalition of major energy, industrial, and financial firms stresses that slashing fossil fuel demand and supply is technically and economically feasible
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Peak fossil fuel demand will happen this decade
Financial Times: Energy
SEPTEMBER 11, 2023
But the decline in oil, gas and coal will not be steep enough to limit global warming to 1.5C
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Report details China’s complex energy landscape and its enormous green energy shift
Envirotec Magazine
APRIL 25, 2024
The seeming enormity of the green energy shift taking place in China is given shape by what’s described as the most comprehensive English-language report on China’s energy transition. It also looks at the persistence of fossil fuels in its energy mix. There is much to admire about China’s energy transition.
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“Curtain call” for fossil fuels: IEA says Ukraine war locks in shift to renewables
Renew Economy
OCTOBER 27, 2022
For first time, IEA forecasts global demand for fossil fuels will soon peak in all its scenarios as EV sales rise and the shift to wind and solar accelerates. The post “Curtain call” for fossil fuels: IEA says Ukraine war locks in shift to renewables appeared first on RenewEconomy.
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Trade body urges industry to prepare for heat pumps demand
Envirotec Magazine
MAY 26, 2022
The BUS offers a grant of up to £5,000 for heating installers and households to replace traditional fossil fuel-powered boilers with more efficient, low-carbon alternatives, including air and ground source heat pumps.
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Renewables Start to Outpace Fossil Fuels on Europe’s Grid
GreenTechMedia
SEPTEMBER 11, 2020
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. This week on The Energy Gang , we’ll look at what the milestone means. Based in the U.S.,
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Most EU Hydrogen Projects Risk Prolonging Use of Fossil Fuels
DeSmogBlog
JUNE 22, 2023
But the data compiled by Brussels-based research and advocacy group Food & Water Action Europe, and shared with DeSmog, shows that 57 percent of 147 hydrogen projects under consideration by the European Commission are designed to also carry natural gas, or “blue” hydrogen made from the fossil fuel.
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Revealed: Three-quarters of Prestigious Green Advertising Awards Go To Agencies Working for Fossil Fuel Industry
DeSmogBlog
JANUARY 4, 2024
Three-quarters of prizes at the UK’s top sustainable advertising awards went to agencies who work for the fossil fuel industry, a DeSmog analysis has revealed. Ad Net Zero judges also praised Iris Worldwide for its “actions not ambitions” campaign to promote Scottish energy company SSE’s £12.5
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No need for countries to issue new oil, gas or coal licences, study finds
The Guardian: Energy
MAY 30, 2024
Researchers say world has enough fossil fuel projects planned to meet demand forecasts to 2050 if net zero is reached The world has enough fossil fuel projects planned to meet global energy demand forecasts to 2050 and governments should stop issuing new oil, gas and coal licences, according to a large study aimed at political leaders.
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Appalachia Does Not Need More Fossil Fuel Greed
DeSmogBlog
MAY 31, 2022
A fossil fuel executive recently told Fortune , “Appalachia is the elephant in the room,” referring to the claim that demand for natural gas is rising, while supply in Appalachia and the United States is falling. We need to talk more about the role of Appalachia in the country’s energy system. By Emily Satterwhite.
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Fossil fuel power generation has peaked worldwide, think tanks claim
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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Leading Think Tank Met With Minister Over North Sea Energy While Funded by Fossil Fuel Interests
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. The International Energy Agency has stated that new oil and gas exploration is incompatible with net zero.
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India plans to triple underground coal mining to meet energy demand
Financial Times: Energy
NOVEMBER 25, 2023
Ministry official argues production is more ‘eco-friendly’ even as pressure rises to phase down polluting fossil fuel
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Fossil Fuel-Linked Companies Dominate Sponsorship of COP27
DeSmogBlog
NOVEMBER 16, 2022
The findings underscore concerns over the role of the fossil fuel industry at the negotiations, known as COP27, which have become a focal point for deals to exploit African natural gas. These talks are supposed to be about moving us away from fossil fuels, phasing them out,” Sabido told DeSmog. Social license.
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Give Climate Change the Name It Deserves: Fossil-Fueled Destruction
DeSmogBlog
DECEMBER 11, 2023
That tonal change drove home the point that this was not merely a phenomenon to be described, but a tectonic shift demanding ongoing reporting. Climate change” describes only the result of fossil fuel-based greenhouse gases. A term like “fossil fueled-destruction” would name the cause as well as the effect.
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BP’s new business-as-usual: falling fossil fuel demand
Impact Alpha
SEPTEMBER 15, 2020
15 – How will the energy transition play out? That’s the message from BP, which released its annual global energy outlook yesterday. 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. ImpactAlpha, Sept.
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A net-zero Canada will see 700,000 more energy jobs than exist today as clean energy job gains outpace fossil fuel declines: report
Clean Energy Canada
MARCH 21, 2023
OTTAWA — Canada will see 700,000 more energy jobs in 2050 in a net-zero 2050 than we have today , according to a new report from Clean Energy Canada with modelling from Navius Research. 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
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