fossil fuel emissions News

  • 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

  • Estimating GHG emissions from the non-energy use of fossil fuels

    The quality of official greenhouse gas (GHG) emission inventories could be further improved if emissions from non-energy use of fossil fuels were accounted for in greater detail, according to new research. In the European Union, roughly six percent of fossil fuels are not consumed as an energy source but for so-called 'non-energy' purposes. Examples include the use of fossil fuels for the ...

  • Forests absorb one third our fossil fuel emissions

    The world's established forests remove 2.4 billion tonnes of carbon per year from the atmosphere – equivalent to one third of current annual fossil fuel emissions – according to new research published today in the journal Science. This is the first time volumes of the greenhouse gas absorbed from the atmosphere by tropical, temperate and boreal forests have been so clearly ...

  • Member state biofuel plans will cause higher emissions than fossil fuels

    The use of biofuels in EU transport will emit between 81% and 167% more greenhouse gases than fossil fuels and require an area twice the size of Belgium in new land to grow biofuel crops. That is the latest evidence concerning the environmental impact of biofuels, which was published earlier this month. As the findings are based on EU member states’ plans for increasing use of biofuels and ...

  • Funding available for Cleaner Fossil Fuel Production

    The Alberta-based Climate Change and Emissions Management Corporation CCEMC is offering up to $50 million in funding for projects that can reduce emissions from fossil fuel production and processing. Initial submissions are due by September 27. "Alberta has a wealth of energy resources and we are striving to find innovative ways to reduce greenhouse gas emissions ...


    By GLOBE Foundation

  • Committee advises government on approach to fossil fuel generation

    The Committee has advised Secretary of State for Energy and Climate Change, Chris Huhne, to consider extending the Carbon Capture and Storage (CCS) competition to include gas as well as coal demonstration projects, and to consider extending the proposed Emissions Performance Standard to cover new gas plant added to the system from 2020.  The ...

  • IEA calls for end to fossil fuel subsidies

    The chief economist of the International Energy Agency (IEA) has urged the world to slash hundreds of billions of dollars of fossil fuel subsidies or face the prospect of a catastrophic 3.5 degrees Centigrade rise in global temperatures. "Today $409 billion equivalent of fossil fuels subsidies are in place which encourage developing countries - where the bulk of the energy demand and CO2 ...


    By GLOBE Foundation

  • Investment falters as fossil fuels face ‘perfect storm’

    The world’s investors – both big and small – think primarily in terms of making good returns on their money. And, over the years, investing in the fossil fuel industry has been considered a safe bet. Yet maybe, just maybe, attitudes are changing – and fairly profoundly – as financial analysts warn that the industry faces “a perfect storm” as it enters ...


    By Climate News Network

  • 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

  • Biggest economies still backing fossil fuels

    The governments of the world’s major industrialized countries, the G20 group, are providing more than US$450 billion a year to support the production of fossil fuels. That is almost four times the entire world’s subsidies to the rapidly growing renewable energy sector, as the International Energy Agency (IEA) estimates total global renewables subsidies in 2013 at ...


    By Climate News Network

  • Renewed call for the removal of fossil-fuel subsidies

    A coalition of governments are calling for the phase-out of subsidies to fossil fuels in the lead-up to a major climate conference in Paris. A group of eight countries known as the Friends of Fossil Fuel Subsidy Reform released ...


    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

  • Impact of Fossil Fuel Subsidies on Renewable Energy

    The $548 billion USD that is paid annually in fossil fuel subsidies around the world is preventing a crucial transition to renewable energy sources. This is according to a new report released today from the International Institute for Sustainable Development (IISD). ...


    By GLOBE Foundation

  • Fossil Fuels Dominate Primary Energy Consumption

    Coal, natural gas, and oil accounted for 87 percent of global primary energy consumption in 2012, as the growth of worldwide energy use continued to slow due to the economic downturn, according to a new Vital Signs Online trend released by the Worldwatch Institute (www.worldwatch.org). The relative weight of these energy sources keeps shifting, although only slightly. ...


    By Worldwatch Institute

  • 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

  • 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 divestment is a $5 trillion challenge

    Oil, gas and coal companies make up one of the world’s largest liquid asset classes, with a combined stock market valuation of nearly $5trn. In the past two years, dozens of public and private institutions have announced plans to divest their fossil fuel holdings because of environmental concerns, ethical investment strategies, or worries that assets might become “stranded” by ...


    By Bloomberg New Energy Finance

  • Renewable energy will grow - but fossil fuels will still dominate

    World marketed energy consumption grows 49 percent between 2007 and 2035, driven by economic growth in the developing nations of the world, according to the Reference case projection from the International Energy Outlook 2010 (IEO2010) released today by the U.S. Energy Information Administration (EIA). The global economic recession that began in 2007 and continued into 2009 has had a profound ...


    By GLOBE Foundation

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