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Will Covid-19 Permanently Shrink The Fossil Fuel Industry?

R-Squared Energy

The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis is pushing it over the edge and into “terminal decline”. The fossil fuel industry has faced an oversupply problem, as well as a public relations problem.

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Looming Grid Shortfall Prompts 2.5GW California Procurement Proposal

GreenTechMedia

Although the proposed ‘all-source’ procurement would allow existing natural gas-fired peaker plants to compete, it could also open a massive new market for renewable energy, energy storage, demand response and other preferred alternatives to fossil fuels. Fitch wrote in Thursday’s proposed decision.

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EU Scientists and Politicians Clash Over Gas and Nuclear as ‘Sustainable’ Investments

DeSmogBlog

This science-based threshold — considered necessary to achieve emissions targets by 2050 — excluded all fossil fuels from being in the taxonomy. These demands “were essentially to adjust the technical screening criteria for gas investments to be included in the taxonomy.”. The frequency of these meetings increased to 2.86

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National Infrastructure Commission: Government must prioritise energy flexibility in 2020

Business Green

The body also welcomed the passing of the UK's 2050 net zero target into law last year, as well as the government's plans to build 40GW of offshore wind capacity by 2030 and bring forward its proposed fossil fuel car phase out to 2035 at the latest.

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Global Briefing: EU set to push for more stretching 2030 climate target

Business Green

The move - which would form part of the EU's proposed new climate law to deliver net zero emissions by 2050 across the continent - marks a significant jump from the existing 2030 goal to reduce greenhouse gases by 40 per cent, and would need approval by a majority of the 27 EU Member States as well as the European Parliament to come into force.

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? Copper’s the new gold rush #184

Climate Tech VC

  KoBold Metals discovered a major copper deposit, which could be the start to solving growing supply and demand imbalances brought on by copper’s fundamental role in the energy transition.  Demand The most critical of energy transition minerals.   Demand is on the rise. Why is this important now? 

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Tracking Progress on 100% Clean Energy Targets

GreenTechMedia

But most jurisdictions use the broader term “clean energy,” which can also include resources like large hydroelectric generation and nuclear power. Seven states, as well as Puerto Rico and the District of Columbia, have passed 100 percent clean energy transition laws. Washington D.C.

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