Remove Demand Remove Fossil fuels Remove Policy
article thumbnail

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

article thumbnail

Could trash-to-energy technology feed hydrogen demand?

GreenBiz

Could trash-to-energy technology feed hydrogen demand? One novel spin on emerging hydrogen fuel options is "clean hydrogen" made from trash. . Clean hydrogen could cut greenhouse gas emissions from fossil fuel by up to 34 percent, reported Bloomberg New Energy Finance. . Arlene Karidis. Wed, 07/15/2020 - 01:00.

Demand 508
Insiders

Sign Up for our Newsletter

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

article thumbnail

Analysts warn of capacity concerns as EVs set to total 5% of UK power demand by 2030

Envirotec Magazine

The UKs ambitious target to increase electric vehicle (EV) sales to 80% of all new car purchases by 2030 could result in them accounting for up to 5% of total power demand, according to energy analysts at Montel, though there are concerns whether capacity buildout will be adequate. The total increase in demand from EVs could add 17.12

Demand 130
article thumbnail

Stop Greenwashing Skiing: Norway Must Drop Equinor Sponsorship and Lead on Climate

DeSmogBlog

This event is more than a celebration of sport it is a global stage where the country can either reinforce its role as Europe’s biggest fossil fuel producer or rise to the occasion and lead a just transition away from oil, gas and goal production. You dont phase something out by building more of it. Athletes know this.

article thumbnail

Electrification gets down to the wire

GreenBiz

The push to quickly transition carbon-intensive activities away from fossil fuels while meeting the world’s growing energy needs has put electricity producers and consumers squarely in the forefront of the emerging clean economy. And the era of fossil fuels is hardly over.

article thumbnail

California Moves to Tackle Another Big Emissions Source: Fossil Fuel Use in Buildings

GreenTechMedia

The commissioners cited multiple complementary benefits as justification for the decision: greenhouse gas emissions reductions, the ability to soak up surplus renewable electricity, and grid demand flexibility. Last August, the CPUC voted to revise the primary policy barrier that had blocked the fuel-switching incentives.

article thumbnail

Just 36 Companies Drove Half the World’s Climate-Altering Emissions in 2023: New Report

DeSmogBlog

percent of the years global carbon dioxide emissions from fossil fuels, the report adds. They’re some of the most obstructive actors towards climate policy, Emmett Connaire, a senior analyst at the Carbon Majors project and one of the authors of the report, told DeSmog. The remaining 4 score only slightly higher at C-.