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2020: Fossilfuels are dead, long live the sun. In this strangest of all years, as the death toll mounts from a disease caused by human incursions into once intact ecosystems, we’re observing another death — the demise of fossilfuels. When oil and gas companies say that they’re getting out of oil and gas, shouldn’t you?
Naturalgas is not cleaner than other fossilfuels and using it instead of coal or oil risks achieving little or no reduction in greenhouse gas effects, says science advisory group the European Academies’ Science Advisory Council (EASAC) in a new report “Future of Gas”.
ABU DHABI — The role of naturalgas is one of the stickier points of debate related to the global energy transition, and that debate was on full display here this month. “I view naturalgas and LNG as already part of the solution,” she said at the Atlantic Council's Global Energy Forum. power system.
gigawatt naturalgas power plant in the U.K. have been shelved by the developer Drax, highlighting the challenging economics of converting coal-fired power to a cleaner, but still fossil-fuel-fired, alternative. “The future for the gas industry, in terms of power, will shift to peakers," Watson said.
The report projects a rapid shift in the global energy mix, with the share of renewables in global power generation expected to double in the next 15 years while total fossilfuel demand is projected to peak before 2030, depending on the scenario. C by 2100, and reaching a 1.5°C C pathway is increasingly challenging. To keep the 1.5°C
Billed by the fossilfuel industry as a climate solution, dozens of planned blue hydrogen projects in Europe could consume more naturalgas each year than France, and produce emissions on a par with Denmark, a DeSmog analysis has found. Credit: Sabrina Bedford. “We should be very cautious with blue hydrogen. .
So the EIB's confirmation last month that it would effectively end support for fossilfuels garnered widespread attention — as much for the signal it sends as for the additional impact the bank can make with the freed-up funds. Since 2013 the EIB has invested €13.4 billion ($14.9
It will be increasingly important for us that this industry is a whole part of the energy mix as we phase out naturalgas. Anaerobic digestion and biomethane allows us to reduce our reliance on fossilfuels. With the right policies in place, we look forward to helping deliver clean power in 2030 and net zero in 2050.
Food systems are responsible for at least 15 percent of all global fossilfuel consumption, according to a major report launched ahead of the COP28 climate summit. The analysis shows that the production, transport, and storage of food are driving greenhouse gas emissions equivalent to those of the EU and Russia combined.
Norwegian state-owned oil and gas company Equinor, the North Sea’s largest fossilfuel producer, is positioning itself to play a key role in plans to turn Britain into a world leader in capturing carbon. Currently, this policy would lock the UK into using fossilfuel-based energy generation to well past 2050.”
Policies such as California's Advanced Clean Truck rule are forcing organizations in the state to phase in zero-emission trucks and phase out fossilfuel-based ones. Progressive cities, many in Europe, are building zones in downtown centers that are banning fossil-fuel vehicles and incentivizing zero-emission models.
It is energy-efficient, abundant and an environmentally friendly alternative to naturalgas. Clean hydrogen could cut greenhouse gas emissions from fossilfuel by up to 34 percent, reported Bloomberg New Energy Finance. . And it could be cheaper than producing hydrogen from naturalgas.
The new regulations, which are both reasonable and achievable, will help Canada deploy the clean electricity required to meet our 2050 net-zero targets. Provinces with grids based on fossilfuels tend to have the highest rates. We congratulate the federal government for getting them over the line.
A major rollout of green hydrogen technologies could offset up to one third of global greenhouse gas emissions produced by fossilfuels and industry by 2050, according to a new report today by BloombergNEF (BNEF). MMBtu) by 2050.
It feels almost quaint to remember way back when "80 by 50" — an 80 percent reduction in greenhouse gas emissions by 2050 — was a bold goal for a company or government entity to make. For those not yet up to speed, net zero refers to the goal of emitting no greenhouse gases by a specific date, typically 2050. Joel Makower.
They include the Spectator magazine and groups based in and around Westminster’s Tufton Street , home to a network of opaquely funded, free market think tanks with a history of criticising climate action and pushing for more fossilfuel exploration. French gas giant EDF and German-owned energy firm E.ON
Those processes use a lot of energy and largely come from fossilfuels; one-third of U.S. greenhouse gas emissions come from industry. To achieve net-zero economy-wide emissions by 2050 and limit global warming, industrial emissions must drop while still meeting societal needs. Start with heat. Sponsored Article.
The event aims to bring together policymakers and liquified naturalgas (LNG), naturalgas, and hydrogen players to explore new avenues for fossilfuel expansion. A coalition of environmental groups opposed to the expansion of the liquified naturalgas export capacity along the Gulf Coast.
The beginning of the end for fossilfuels? This text is a step forward on our path towards phasing out fossilfuels, but is not the historic decision we hoped for.” More than 100 countries came to the table pushing for an official agreement to “phase out fossilfuels.”
DTE Gas Company , a subsidiary of Michigan’s largest utility, is expanding its naturalgas network to the area, giving over 1,000 homes and businesses the choice to switch to naturalgas. Naturalgas is more climate-friendly than the propane and wood used in much of the region, according to DTE.
Most buildings run on multiple fuels. And they consume fossilfuels such as naturalgas or propane to power furnaces, boilers, and water heaters. That persistent reliance on fossilfuels makes buildings one of the largest sources of planet-warming pollution. Makes sense for moderate climates.
Many climate activists and clean energy enthusiasts warn against the continued use of, and investment in, naturalgas infrastructure, insisting it isn’t a substitute for clean energy. should not plan to maintain its current fossil-based naturalgas systems indefinitely. What Is Renewable NaturalGas?
Of the six “pathways” Duke lays out for halving carbon emissions by 2030 and reaching net-zero carbon by 2050 , only one would avoid building new naturalgas plants. gigawatts of new naturalgas capacity. The rest propose between 6.1 gigawatts and 9.6 Like many of the U.S.
In order to manufacture products, companies in the industry sector must burn fuel, typically naturalgas, to create heat. Technologies such as geothermal, biomass and solar, which Skyven initially focused on, can provide an alternative to naturalgas to generate heat for industrial processes.
Innovative Pipeline Technology: A Closer Look GASCADE’s transformation of existing naturalgas pipelines into hydrogen-ready infrastructure is a testament to their engineering and technological expertise. With Europe aiming for carbon neutrality by 2050, hydrogen features prominently in the regions energy strategy.
utilities in setting a net-zero carbon target for 2050, aiming to balance the emissions from its sizable fossilfuel-fired generation fleet and sprawling naturalgas business with reductions to be gained by expanding its portfolio of renewable energy and energy efficiency.
EIA and IEA are out with projections for emissions and fossilfuel consumption. On our current policy trajectory, there is no peak in sight, according to EIA By 2050, we will likely see a 50% increase in energy consumption. That means emissions could rise through 2050, absent massive changes to policy.
Energy Information Administration modeling forecasts increasing global energy consumption and carbon dioxide emissions through 2050. The report forecasts that renewable energy will be the primary source for new electricity generation, but power from naturalgas, coal, and batteries will continue to meet load and provide grid stability.
Fossilfuels such as coal, oil and naturalgas are the source of just over 80% of the world’s energy. To avert catastrophic warming, the global community must rapidly reduce how much of these fuels it extracts and burns. FossilFuel Rationing. Burning them accounts for 89% of human-derived CO?
These investors have bought “green-labelled” bonds issued by Eni, Italy ‘s largest – and the world’s 13th largest – fossilfuel company. As the activist group Reclaim Finance describes the scam : “the bond market has become a safe haven for easy access to fossilfuel finance.”
It also looks at the persistence of fossilfuels in its energy mix. On the other hand, DNV forecasts fossilfuels will still account for 40% of its energy mix in 2050. However, oil and gas usage will continue to rely on imports. Solar and wind will each contribute 38% of electricity production by 2050.
The fuel comes in a variety of “colours”, depending on how it is produced, with almost all hydrogen currently created using fossilgas and termed “grey”. When taking into account methane its climate footprint is “more than 20 percent greater than burning naturalgas or coal for heat”, they found. Hydrogen Europe.
Arizona Public Service released its plan for reaching zero-carbon by 2050 , with multiple options to balance the costs and carbon benefits of switching from coal and naturalgas to renewables, batteries, distributed energy resources and as-yet-untested technologies. million-customer utility, said in a Tuesday interview.
EIA and IEA are out with projections for emissions and fossilfuel consumption. On our current policy trajectory, there is no peak in sight, according to EIA By 2050, we will likely see a 50% increase in energy consumption. That means emissions could rise through 2050, absent massive changes to policy.
Renewable energy sources generated more electricity than fossilfuels in the U.K. Fossilfuels’ share of the electricity mix was 10 times larger than renewables’ a decade ago, Carbon Brief's data shows. The country is targeting a net zero economy by 2050. Two will those will close next spring.
JPMorgan Chase is the world’s biggest financier of fossilfuels, according to environmental organisations. In 2020 the bank pledged to end fossilfuel loans for Arctic oil drilling and phase out loans for coal mining. Fossil Finance. JP Morgan declined to comment.
Duke's regulated utilities serve electricity to nearly 8 million people in six states and operate a 51-gigawatt generation fleet, one-third of it coal and nearly three-quarters fossil-fueled. The gas question. This reliance on naturalgas aligns Duke with most U.S.
BP will cut its oil and gas output by 40 percent by 2030 and increase its low-carbon investment tenfold by then, the company announced Tuesday as it begins to detail its 2050 net-zero strategy. We can take the offtake, package it with naturalgas and solar, sell clean energy with guaranteed flow and at a fixed price if they want.
The initial 50 MW phase will produce 9,000 tons of green hydrogen per year, enough to displace 20 percent of the refinery’s existing fossil-fuel derived hydrogen. By 2030 BP hopes to have 10 percent of the clean hydrogen market in “core hydrogen markets” as it chases carbon neutrality by 2050.
Fossilfuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their “greenwashing” Environmental lawyers ClientEarth have put companies on notice with the publication of the Greenwashing Files. ExxonMobil – “Powering Progress”.
The agreements are aimed at bolstering the country’s national H2 strategy Tunisia has announced that it has signed 6 new memoranda of understanding (MoUs) for the development of green hydrogen and its derivatives in the country by 2050. million metric tons of green hydrogen and its derivatives by 2050. Of that, 2.3
Arizona may soon join a lengthening list of states pledging to reach 100 percent carbon-free power by 2050, although a final decision on its plan to get there won’t be made until after Tuesday’s election. By midcentury, these utilities will be required to phase out all fossil-fueled generation.
BRUSSELS (AP) — The European Union on February 2 proposed including nuclear energy and naturalgas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” Germany, Europe’s largest economy, demanded that gas be part of the plan.
New large-scale fossilfuel projects have become mostly unworkable in the Pacific Northwest, with dozens canceled over the past decade due to fierce opposition from local communities. A few high-profile defeats for the fossilfuel industry stand out. But the industry’s blitz is not yet over. ” – Emily Moore.
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