DeSmogBlog

OCTOBER 3, 2024

and the failed Keystone XL oil sands pipeline to Texas, sees a major new growth opportunity for fossil fuels: artificial intelligence. Big Tech should be held just as responsible as the fossil fuel industry,” he told DeSmog. million homes. Tech Firms Promise Renewables That outcome isn’t an inevitability, however.

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Demand Natural gas Energy Energy 140

Business Green

MAY 19, 2020

In its latest forecast today, BNEF said fossil fuel car sales likely already peaked in 2017. Now, with the global pandemic leading a hige drop in demand, the report predicts sales for conventional cars are set to drop 23 per cent worldwide in 2020, with major implications for the global oil market. million barrels a day by 2040.

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Fossil fuels Transportation Demand Electric vehicle 97

DeSmogBlog

AUGUST 25, 2021

UK banks HSBC and Standard Chartered have rejected criticism of their commitment to tackling climate change, despite financing over £5 billion worth of fossil fuel developments in the first half of this year. billion) in fossil fuels through loans and bond arrangements in the first half of 2021, while Standard Chartered financed £2.2

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Fossil fuels Climate change Asia Pollution 98

Business Green

MARCH 11, 2021

Banking giant commits to ending support for coal by 2040 after reaching compromise with shareholders. The board-backed proposal commits the bank to phasing out all project finance, corporate finance, and underwriting of coal-fired power and thermal coal mining by 2030 in the EU and OECD, and by 2040 globally.

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Fossil fuels Energy Monitor Business Energy Monitoring Building Energy Monitoring 101

Business Green

NOVEMBER 17, 2021

An Ikarus C42 aircraft piloted by Group Captain Peter "Willy" Hackett completed a 20-minute flight on the morning of 2 November using Zero Petroleum's ZERO SynAvGas 100 per cent synthetic aviation gasoline, as part of a joint mission to defossilise the RAF's fuel intake ahead of its 2040 net zero target.

Fossil fuels 101

Fossil fuels Aviation Carbon-negative Carbon 101

Envirotec Magazine

APRIL 26, 2023

Professor Duncan Gregory, chair in Inorganic Materials at the University of Glasgow’s School of Chemistry, said: “Battery technology is going to play a hugely important role in our transition away from fossil fuels. million per year by 2040, using a combination of both wild and cultivated seaweed.

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Electric vehicle Batteries Electricity Biotechnology 323

Business Green

MARCH 24, 2021

Fossil fuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'. Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states.

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Fossil fuels Policy Climate change Investment 91

Business Green

OCTOBER 20, 2021

Production Gap report reveals governments still plan to produce more than double the amount of fossil fuels in 2030 than is consistent with limiting global warming to 1.5C. The third edition of the report concludes that despite the impact of the coronavirus pandemic the fossil fuel 'production gap' remains largely unchanged.

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Fossil fuels Global warming Government Construction 86

Envirotec Magazine

AUGUST 22, 2022

The study, published in the Royal Geographical Society (with the Institute of British Geographers) journal The Geographical Journal , highlights that global demand for sulphuric acid is set to rise significantly from ‘246 to 400 million tonnes’ by 2040 – a result of more intensive agriculture and the world moving away from fossil fuels.

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Fossil fuels Demand Recycling Recycling 130

GreenTechMedia

DECEMBER 30, 2019

New York recently announced its target of 100 percent carbon-free electricity by 2040, joining California, Colorado, Hawaii, Maine, New Jersey, New Mexico, Oregon and Washington in passing substantive clean energy targets. Demand for energy resilience will spread across the country as the effects of climate change become more acute.

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Resilience Climate change Demand Fossil fuels 245

GreenTechMedia

JULY 29, 2020

The NortH2 consortium hopes to eventually develop electrolyzer capacity requiring 3 to 4 gigawatts of offshore wind capacity, perhaps growing to 10 gigawatts by 2040. To compete with fossil fuel-derived hydrogen, the electricity going in must be close to free and utilization rates have to be very high.

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Hydrogen Batteries Carbon-neutral Fossil fuels 245

GreenTechMedia

AUGUST 25, 2020

As it stands, blue and gray hydrogen derived from fossil fuels are cheaper than using renewable-energy-powered electrolyzers to produce green hydrogen from water. And Wood Mackenzie's research indicates that the cost of green hydrogen will fall by 64 percent by 2040 as the market scales up.

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Hydrogen Fossil fuels Policy Transportation 130

Business Green

JANUARY 14, 2021

A new report from McKinsey predicts global fossil fuel demand 'will never return to its pre-pandemic growth curve', but warns the world is still on track to badly miss its climate goals. The oil industry has been particularly badly hit.

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Fossil fuels Demand Hydrogen Carbon-negative 55

Envirotec Magazine

JANUARY 24, 2022

World leaders are missing the opportunity to achieve deep cuts in emissions by adopting circular economy strategies that reduce demand for resources, it warns, and it identifies a roadmap that it says could help them meet the target of limiting global warming to 1.5°C. billion last year. of materials cycled. Gt of materials. ”

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Recycling Recycling Fossil fuels Climate change 238

Mr. Sustainability

APRIL 30, 2018

Population growth will plateau after 2030-2040, causing energy demand to stabilize and decline afterwards. The current overcapacity in the oil markets will ensure a lasting shift in fossil markets. The energy markets, broadly taken to be fossil fuels and renewables, have seen significant changes over the past years.

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Fossil fuels Demand Energy Energy 60

Grist

SEPTEMBER 8, 2021

To achieve the goals of the Paris Agreement, countries will likely need to set hard limits on the extraction of fossil fuels in addition to supporting the deployment of clean energy. The researchers set out to estimate how much of the world’s fossil fuel reserves must remain in the ground in order to limit global warming to 1.5

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Fossil fuels Carbon-negative Carbon Natural gas 145

Business Green

FEBRUARY 28, 2021

Aviva has announced it intends to reach net zero emissions across its operations, supply chain, and investments by 2040, unveiling a number of new exclusion policies that will see the firm distance itself from the most carbon intensive fossil fuel companies.

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Fossil fuels Policy Real Estate Carbon 74

Envirotec Magazine

OCTOBER 20, 2022

The Streets of the Future insight outlines a range of opportunities for communities, including: Smart technology helping people to use less energy and reduce reliance on fossil fuels. A critical component to transforming our streets is a national effort to improve the energy efficiency and reduce energy demand across the UK’s homes.

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Electric vehicle Transportation Fossil fuels Energy 246

Hydrogen Fuel News

FEBRUARY 14, 2025

Equipped with high-capacity dynamometers capable of handling 900 kilowatts and 4,000 Newton meters of torque, the facility is prepared to simulate the demanding conditions heavy-duty engines face on the road. By 2040, heavy-duty vehicles must reduce emissions by a staggering 90%. Why Is This Important Now?

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Building Energy Monitoring Hydrogen Energy Monitor Business Energy Monitoring 77

Envirotec Magazine

NOVEMBER 14, 2023

LDES also supports decarbonizing high-temperature industrial manufacturing, which currently relies on burning fossil fuels to produce heat.  Providing energy storage beyond ten hours can enable remote mines, data centers, and other off-grid industrial operations to run on 24-7 carbon-free power.

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Energy Energy Fossil fuels Technology 162

DeSmogBlog

JANUARY 26, 2024

Now, the Dutch NGO that successfully sued Shell over its climate plans is taking those financial backers to court in a case that could help reverse the global banking sector’s support of fossil fuel firms and their activities. billion Euros in bonds to the fossil fuel industry, Milieudefensie says. “We

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Fossil fuels Pollution Climate change Carbon-neutral 140

Charged

NOVEMBER 20, 2020

Electric vehicles for “demanding and heavy long-haul operations” will follow “in this decade,” says Volvo. Some of these will be battery-electric, and some will be fuel cell-powered. Volvo Trucks aims to make its entire product range fossil-free by 2040.

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Europe Electricity North America Transportation 131

Business Green

MARCH 4, 2021

The company said it was targeting a fully zero emission parcel pickup and delivery (PUD) fleet by 2040, a push that will be accomplished by gradually phasing out its existing fossil fuel fleet. By 2025, half of all FedEx Express global PUD vehicle purchases would be electric, rising to 100 per cent by 2030, it said.

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Carbon-neutral Carbon Energy Monitor Packaging 73

GreenBiz

JANUARY 4, 2021

And the demand and interest in this technology is only growing stronger. First, and perhaps most crucially, it plans to price its vehicles at the same or lower prices as comparable fossil-fuel vehicles. The vans will be built in three sizes and are part of Amazon’s strategy to reach net-zero carbon emissions by 2040.

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Electricity Electric vehicle North America Hydrogen 545

GreenTechMedia

SEPTEMBER 24, 2020

WoodMac's report finds that peak energy demand will have to arrive in 2023. By 2040, total primary energy demand will be 25 percent lower compared to WoodMac's base case. Meanwhile, "the versatility of green hydrogen is remarkable, with three times the energy content compared to fossil fuels.

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Climate change Carbon-neutral Energy Energy 130

Smart Energy International

OCTOBER 17, 2023

The IEA in a new report points to signs that grids are becoming a bottleneck to clean energy transitions and that delayed action means prolonging reliance on fossil fuels. This means adding or refurbishing a total of over 80 million km of grids by 2040, which is the equivalent of the entire existing global grid.

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Fossil fuels Resilience Investment Global warming 134

GreenTechMedia

JULY 29, 2020

San Antonio municipal utility CPS Energy wants to replace aging fossil-fueled generation with more than a gigawatt of solar, energy storage and flexible capacity, and it’s asking for ideas on how to get there. CPS serves more than 840,000 electric and 350,000 natural-gas customer accounts, amounting to approximately 1.9

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Natural gas Energy Energy Carbon 130

GreenTechMedia

OCTOBER 13, 2020

There is currently twice as much installed hydro as there is solar, but PV could grow three times faster from now till 2040. If existing fossil-fuel-based power infrastructure continues to operate as is, global warming would be locked in at 1.65 But solar will set a succession of annual deployment records from 2023.

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Global warming Hydropower Investment Fossil fuels 130

GreenBiz

SEPTEMBER 25, 2020

Walmart pledged to become carbon-neutral across its global operations by 2040 — without relying on offsets. Last year on the eve of Climate Week 2019, employees from big tech companies planned a walkout , demanding their employers take climate seriously across operations. Take Amazon, for example.

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Carbon-neutral Climate change Retail Carbon 239

Clean Energy Canada

NOVEMBER 16, 2021

On the plus side, the pact reaffirmed the central importance of 1.5C (our best chance to avoid the worst impacts of climate change), mentions coal and fossil fuels for the first time, and calls for countries to “revisit and strengthen” 2030 climate pledges by the end of 2022 instead of waiting another five years. of warming.

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Policy Fossil fuels Carbon-neutral Climate change 104

DeSmogBlog

MAY 28, 2021

Shareholders at HSBC have voted overwhelmingly to end financing of the dirtiest fossil fuel, coal. This means the banking giant will be legally bound to phase out financing for all coal-fired power and thermal coal mining by 2030 in developed markets, and by 2040 in other markets. Preliminary voting results showed that 99.7

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Fossil fuels Pollution Global warming Africa 98

Business Green

SEPTEMBER 9, 2021

Carbon Tracker deep-dive into the risks facing oil and gas investments is corroborated by study in Nature that warns overwhelming majority of fossil fuel reserves must stay in the ground to cap global temperatures in line with global goals. If they want to align with a 1.5C

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Fossil fuels Waste Waste Carbon-negative 54

Business Green

NOVEMBER 15, 2021

Fossil fuels get named and shamed. For the first time in 25 years of UN climate talks, coal and fossil fuel subsidies have been singled out in an official document. Here, we've picked out 10 key takeaways for business leaders from the Glasgow Climate Pact and COP26 Summit: 1.

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Fossil fuels Business Energy Monitoring Methane Building Energy Monitoring 67

Charged

FEBRUARY 5, 2021

One major source is the fossil fuel industry. The Hydrogen Council, a lobbying group whose members include major oil companies and automakers, works to encourage investment in hydrogen and fuel cells, and produces reports forecasting a bright future for hydrogen tech. What’s behind the recent resurgence of hydrogen hype?

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Hydrogen Fossil fuels Technology Batteries 136

DeSmogBlog

AUGUST 27, 2024

Or will government backing for these technologies instead serve to preserve the fossil fuel business models that caused it? Given the scale of that challenge, and in line with lobbying by the fossil fuel industry, policy-makers have assumed a major role for carbon capture projects in cleaning up industry.

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Carbon Fossil fuels Carbon-neutral Hydrogen 145

GreenTechMedia

JUNE 10, 2020

percent in 2018, and hitting 100 percent zero-carbon emissions by 2040. But the amount of energy generated by intermittent wind and solar doesn’t equate to capacity during times of peak demand, which NYISO is responsible for securing across the state.

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Building Energy Monitoring Solar Energy Monitor Business Energy Monitoring Energy Monitor 130

GreenTechMedia

DECEMBER 8, 2020

“Membership will grow from both demand and supply sides.” ” The Green Hydrogen Catapult said it aims to align the production and use of green hydrogen with a trajectory that displaces fossil fuels at a rate consistent with achieving net-zero global emissions by 2050, and limiting global temperature increases to 1.5

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Hydrogen Fossil fuels Natural gas Methane 130