Remove Electric vehicle Remove Fossil fuels Remove Investment Remove Nuclear Power
article thumbnail

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.

article thumbnail

'Green Day'? Fears grow government is to prioritise fossil fuel projects in upgraded climate strategy

Business Green

Green day was supposed to be an opportunity to get back in the green race, but this is just supporting [fossil fuel] lobbies." Writing on Twitter, former COP26 President Alok Sharma said the key test of the 'Green Day' announcements would be whether it serves to meaningfully accelerate investment in green technologies and jobs. "[The

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Future(s) of Fossil Fuels - 2020

Mr. Sustainability

The time is therefore now to plan an orderly wind-down of fossil fuel assets and manage the impact on the global economy rather than try to sustain the unsustainable. The worst year for oil ever Oil fueled the 20th century. Many of us now believe it is not a matter of if, but when we will transition away from fossil fuels.

article thumbnail

Bloomberg report: Urgent deployment of existing technology can get world close to net zero

Envirotec Magazine

Our hourly modeling shows that power systems can accommodate very high penetrations of wind and solar without incurring higher costs,” said Ian Berryman, lead energy systems modeler at BNEF. The ETS also sees significant EV uptake, thanks to their increasing cost-competitiveness compared to conventional vehicles. Source: BloombergNEF.

article thumbnail

Energy White Paper: Government unveils plan for 'decisive and permanent' shift away from fossil fuels

Business Green

The plan is detailed in the long-awaited Energy White Paper, which was published this morning, and sets out a wide-ranging strategy to support 220,000 new green jobs over the next 10 years and signals a "decisive and permanent shift away from our dependence on fossil fuels", according to Business Secretary Alok Sharma.

article thumbnail

Princeton Study Charts a $2.5T Pathway to a Net-Zero Carbon US

GreenTechMedia

trillion in additional investments will be needed over the next decade, on top of an estimated $9.4 trillion the country would be expected to invest in energy over the next decade under a “business-as-usual” pathway. ” (Princeton study's breakdown of investments needed across different industry sectors).

Carbon 130
article thumbnail

Could nuclear hydrogen be a game changer worth trillions?

Hydrogen Fuel News

The $7 billion the federal government is investing in clean H2 is meant to clean up precisely this type of production. Scientists at four nuclear power plants in the US are attempting to improve electrolysis processes to make it more practical, affordable and feasible at scale. Why use nuclear energy to produce hydrogen?

Hydrogen 102