fossil fuel cost News

  • Fossil fuel investments cost major funds billions

    Corporate Knights, together with 350.org and South Pole Group, has launched the Clean Capitalist Decarbonizer, an interactive tool that allows users to determine the financial impact of divesting from carbon heavy companies. ...


    By GLOBE Foundation

  • Prices fail to reflect fossil fuels` real costs

    Forget the price of petrol at the pumps. The true cost of any fossil fuel is much greater if social costs are factored in, according to new research. A climate scientist in the US reports in Climatic Change journal that American motorists get a gallon of gasoline for at least $3.80 less than it really costs, and the price of ...


    By Climate News Network

  • Fossil Fuels` Free Ride Is Over

    A diverse group of investment bankers, energy executives, government officials and clean energy advocates has agreed that the environmental cost of producing energy should be factored into its price, and that Congress must develop energy policies that move away from fossil fuels. At the American Council On Renewable Energy's fourth annual conference, held in Washington last week, money managers ...

  • High-risk fossil fuel boom

    The most direct path to America's newest big oil and gas fields is U.S. Highway 12, two lanes of blacktop that unfold from Grays Harbor in Washington State and head east across the top of the country to Detroit. The 2,500-mile route has quickly become an essential supply line for the energy industry. With astonishing speed, U.S. oil companies, Canadian pipeline builders, and investors from all ...


    By GLOBE Foundation

  • Report: Fossile Energy Will Cost Double Renewable By 2030

    A commonly repeated mantra is that renewable energy technologies are too expensive, or require high investments. Which suggests that the alternative to renewable energy – the current fossil-based energy infrastructure - is cheaper, or requires less investments. But does that view hold true? A look at global energy cost developments shows – Fossil ...


    By SolaVis

  • Fossil fuel and renewable energy subsidies on the rise

    Total subsidies for renewable energy stood at $66 billion in 2010, but are still dwarfed by the total value of global fossil fuel subsidies estimated at between $775 billion and more than $1 trillion in 2012, according to new research conducted by the Worldwatch Institute (www.worldwatch.org) for its Vital Signs Online service. Although the total subsidies for renewable ...


    By Worldwatch Institute

  • Fossil fuel firms fail to report climate risks

    Fossil fuel companies operating in the UK are accused by a financial monitoring group of a “staggering” disregard for their obligation to acknowledge the risks which climate change poses to them and their investors. An alliance of non-governmental organisations says the situation is so serious that there should be intervention by the UK Financial Reporting ...


    By Climate News Network

  • Renewables can out-compete fossil fuels - study

    Dramatic falls in cost are making renewable energy increasingly competitive with fossil fuels in countries across the world according to the International Renewable Energy Agency (IRENA). Solar energy, for example, has already become cheaper than diesel generation in many situations, with clear benefits for communities far away from the electricity grid. Even so, renewable energy deployment ...


    By GLOBE Foundation

  • Exxon: Highly unlikely world limits fossil fuels

    On the same day the world's scientists issued their latest report on climate change and the risks it poses to society, the nation's biggest oil and gas company said the world's climate policies are "highly unlikely" to stop it from selling fossil fuels far into the future. Exxon Mobil issued a report Monday on the risks that climate change ...


    By Associated Press

  • Renewables outperform fossil fuels in Chile tender

    Last week Chile’s National Energy Commission awarded contracts for the supply of 1,200 gigawatt hours of energy to unregulated customers in Chile. Thirty-one companies competed for the 20-year contracts, with wind and solar projects going head-to-head on price with coal generation plant. As the winners were announced the results threw up some significant game changers which echo a new and ...


    By Mainstream Renewable Power

  • Fossil fuels are now a bad bet, investors told

    Investors in fossil fuels are being warned that they may risk losing their money, because the markets for coal and liquefied natural gas are disappearing. In both cases it is competition from renewables, principally wind and solar power, that is being blamed for the threat. The cost of electricity from renewables continues to fall in Europe and Asia as the numbers of wind and solar ...


    By Climate News Network

  • Climate meeting to discuss future of fossil fuels

    After concluding that global warming almost certainly is man-made and poses a grave threat to humanity, the U.N.-sponsored expert panel on climate change is moving on to the next phase: what to do about it. The Intergovernmental Panel on Climate Change, or IPCC, will meet next week in Berlin to chart ways in which the world can curb the greenhouse gas emissions that scientists say are overheating ...


    By Associated Press

  • Denmark to become fossil fuel-free by 2050

    According to the Danish climate commission, Denmark could become fossil fuel-free by 2050, at a net cost of just US$2.95 billion. The report that sets the fossil fuel free goal makes the case for investing an amount equivalent to 0.5% of the country's annual GDP in renewable energy. The climate commission claims that prices of fossil fuels will rise over the next four decades, while renewables ...


    By GLOBE Foundation

  • Fossil Fuel Development in the Arctic is a Bad Investment

    By Emily E. Adams Even master chess players can miss a great move when they have been primed to look for a different one. To explore this phenomenon, researchers tracked master chess players’ eye movements when given chessboards with different layouts. With the first board, players could reach checkmate using a familiar move. When given the second chessboard, the players' eyes kept looking ...


    By Earth Policy Institute

  • IEA/OECD media briefing on the high economic and environmental cost of fossil fuel subsidies

    Subsidies encourage wasteful consumption, pollution, and strain already stretched national budgets. The OECD and IEA recommend that governments phase-out inefficient subsidies to fossil fuels, reallocating the money saved to social, environmental and fiscal priorites, including more directly supporting poor households that may be affected by energy price increases. Support to fossil fuel ...


    By International Energy Agency

  • LightManufacturing LLC Announces the Availability of Industrial Heliostats, Replacing Fossil Fuels and Electricity

    For decades it's been known that heliostats - sun tracking mirrors - have the potential to provide low-cost heat and light for buildings and even for industrial processes. Unfortunately, commercial heliostats have been plagued by reliability problems, high cost, and fragile mirrors, not to mention tricky-to-use control systems. And "consumer-grade" heliostats don't offer the flexibility and ...


  • US focus on fossil fuels is out of touch with mainstream America

    Are those in Congress and the White House who embrace the agendas of coal, oil, gas, and nuclear industries in sync … or out of touch … with the mainstream of America? A new survey of 1,049 Americans conducted October 21-24, 2011 by ORC International for the nonprofit and nonpartisan Civil Society Institute (CSI) finds that most Americans - including an often large share of Tea ...


    By GLOBE Foundation

  • End fossil fuel subsidies now, says OECD and IEA

    Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses. The G-20 Leaders in 2009 agreed to phase out subsidies that "encourage wasteful consumption, reduce our energy security, impede ...


    By GLOBE Foundation

  • Less Than 3% of Total Fossil Fuels Will Be Replaced by Traditional Biofuels by 2014

    MarketResearch.com has announced the addition of the new report "Comprehensive Oilgae Report," to their collection of Alternative Sources market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6451946 Deriving transport fuels from algae, a third generation biofuel feedstock, ...


    By Marketwire

  • Obama calls out fossil fuel interests for fighting solar

    President Barack Obama on Monday accused fossil fuel interests and other critics of his energy policies of trying to restrict consumers from accessing solar, wind and other renewable sources in order to protect the status quo. "That's not the American way," Obama said in a speech at a green energy conference in Las Vegas. "This is about the ...


    By Associated Press

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