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.
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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.
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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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.
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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
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.
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.
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
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.
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.,
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.
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.
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.
Financial Times: Energy
NOVEMBER 25, 2023
Ministry official argues production is more ‘eco-friendly’ even as pressure rises to phase down polluting fossil fuel
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.
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.
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.
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
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.
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.
Business Green
JUNE 12, 2022
Tracking by the Centre for Research on Energy and Clean Air shows how high price of oil and gas has shielded the Russian economy even as sanctions have led to a fall in export volumes. As such revenue from fossil fuel exports has been a major source of funding for Russia's military aggression, providing 40 per cent of federal budget income.
Financial Times: Energy
OCTOBER 23, 2023
Risks stemming from over-investment in fossil fuels have ‘evolved’, says energy watchdog
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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