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.
GreenBiz
AUGUST 13, 2020
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.
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Renew Economy
OCTOBER 24, 2023
IEA, for first time, says demand for oil, gas and coal will all peak by 2030, but must fall sharply before then if agreed climate targets are to be met. The post Australia issued “stark warning” by IEA as fossil fuel demand tipped to plummet by 2030 appeared first on RenewEconomy.
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 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. Fossil fuels dropped to their lowest point since reliable record-keeping started in 1990, making up less than a third of EU’s electricity generation in 2023.
GreenBiz
OCTOBER 4, 2021
Students had demanded for years that the university divest from fossil fuels. What happens next?
R-Squared Energy
OCTOBER 30, 2023
Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. However, it is important to note that coal is the only fossil fuel projected to decline over the next decade under the IEA’s Stated Policies Scenario. The full report may be found here.
Inhabitat - Innovation
AUGUST 20, 2020
The DNC has removed a pledge to end fossil fuel subsidies from its ledger of party demands.
DeSmogBlog
MARCH 27, 2024
billion supporting the fossil fuel and petrochemical industry. To put that in context, Environmental Defence’s “Canada’s Fossil Fuel Funding in 2023” report estimates that the Canadian government’s accumulated subsidies to the oil and gas sector over the last four years was at least $65 billion.
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 Verge: Energy
DECEMBER 12, 2023
The beginning of the end for fossil fuels? This text is a step forward on our path towards phasing out fossil fuels, but is not the historic decision we hoped for.” More than 100 countries came to the table pushing for an official agreement to “phase out fossil fuels.”
Renew Economy
APRIL 11, 2023
Growth in wind and solar output expected to exceed demand growth for first time in 2023 outside of a recession year, signalling "beginning of the end" of fossil fuels. The post “Beginning of the end of fossil fuels” as wind and solar take centre stage appeared first on RenewEconomy.
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.
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.
Renew Economy
NOVEMBER 20, 2022
Rooftop solar overtakes both hydro and gas, but despite record levels of renewables the market price is still being set by fossil fuels. The post Wind and solar delivered one third of grid demand in last month, but fossil fuels set the price appeared first on RenewEconomy.
Renew Economy
FEBRUARY 7, 2023
Fossil fuel lobby demands that new laws designed to force regulators to consider and environmental and emissions in their rulings be watered down. The post “We might get sued:” Fossil fuel lobby wants environmental objective watered down appeared first on RenewEconomy.
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.
POWER Magazine
JANUARY 10, 2024
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. 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.
Energy Central
OCTOBER 31, 2023
Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. However, it is important to note that coal is the only fossil fuel projected to decline over the next decade under the IEA’s Stated Policies Scenario. The full report may be found here.
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.
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
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.
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
Business Green
DECEMBER 11, 2023
New report highlights how mooted goal to treble renewables capacity by 2030 is eminently achievable, as clean power continues to outcompete fossil fuels in key markets
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. JP Morgan declined to comment.
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.
GreenTechMedia
JUNE 5, 2020
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. And that means disrupting entire classes of employment and communities that depend on fossil fuel extraction — in other words, helping people find work in another sector.
Renew Economy
NOVEMBER 25, 2023
Spring heatwave sends demand soaring in WA, smashing seven year old record in the world's biggest standalone grid that is accelerating its switch away from fossil fuels. The post Spring heatwave smashes seven-year old demand record in W.A.’s ’s main grid appeared first on RenewEconomy.
Renew Economy
OCTOBER 28, 2023
Rooftop PV sets new records for share of generation, and sends minimum demand levels to new low, taking a bigger bite out of the fossil fuel lunch, and that of large scale solar farms. The post Rooftop PV take a bite out of everyone’s lunch as minimum demand records tumble again appeared first on RenewEconomy.
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
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
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. Both agencies are owned by the London-based global media group WPP. Credit: Sam Whitham.
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. Climate Home News : Renewables overtake fossil fuels in EU electricity generation.
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.
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.
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. But what he gets wrong is that the future does not entail further dependence on fossil fuels.
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.
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.
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. But fossil fuel companies aren’t quite shaking in their boots yet.
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.
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
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
Business Green
JUNE 12, 2022
The scale to which fossil fuel revenue is bankrolling Russia's illegal invasion of Ukraine has been exposed thanks to detailed tracking of Russian oil, gas, and coal shipments and pipeline exports by the Centre for Research on Energy and Clean Air (CREA). Much stronger action is needed to cut off the flow of cash to Russia.
NRDC onEarth
APRIL 11, 2023
Coloradans are demanding relief from high gas heating bills. Legislators can take action by reducing the state’s dependence on gas, a fossil fuel that is bad for our wallets, our climate, and our health.
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