IPCC report raises questions about the future of fossil fuel investments
3 years, 4 months ago

IPCC report raises questions about the future of fossil fuel investments

The Hindu  

Fossil fuels have built the world as we know it today, powering our global economy and generating most of the world's electricity. She pointed out that despite advances in renewable energy, the world still hasn't found a reliable substitute for oil and natural gas, which she has called the "lifeblood of the modern economy." "We're definitely seeing pressure from a lot of different camps to move away from fossil fuel investments," she told DW. 1 took three seats on the board of Exxon Mobil after a monthslong campaign that stressed the oil giant's fossil fuel focus represented an "existential risk." "Many big energy companies look to be very focused on transition pathways that only modestly adapt their current business models, relying heavily on carbon capture and storage to mitigate their emissions or produce blue hydrogen from natural gas," said Brown, adding that these approaches also have significant climate and financial risks.

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History of this topic

The Fossil Fuels Conversation Needs a Hard Reset
4 weeks ago

The Fossil Fuels Conversation Needs a Hard Reset

Wired  

In 2025, we will see a fundamental transformation in the language of climate politics. We’re going to hear a lot less about “reducing emissions” from scientists and policymakers and a lot more about “phasing out fossil fuels” or “ending coal, oil, and methane gas.” This is a good thing. The 28th Conference of the Parties—the annual conference of the world’s …

Editorial: Let’s not let political chaos distract us from the unfolding climate catastrophe
1 month ago

Editorial: Let’s not let political chaos distract us from the unfolding climate catastrophe

LA Times  

With so much chaos in the world, from the United States’ slide toward authoritarianism to the wars in Gaza, Lebanon and Ukraine, you could be forgiven for not being focused on what’s going on this week in Baku, Azerbaijan. The agreement that emerged from last year’s conference called for “ transitioning away ” from fossil fuels for the first time, …

Labour has been sucked in by the carbon capture ‘con’
2 months, 2 weeks ago

Labour has been sucked in by the carbon capture ‘con’

The Independent  

Labour’s decision to spend £22bn on carbon capture and storage is the first major misstep from a government many of us in the global South had hoped would bring climate action and credibility to the world stage. Carbon capture and storage – in which carbon emissions from coal, oil and gas plants are captured and buried underground for eternity – …

Significant renewable energy gains in 2023 put global goal within reach
11 months, 1 week ago

Significant renewable energy gains in 2023 put global goal within reach

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The world added 50 per cent more renewable energy in 2023 than 2022 – putting …

Editorial: After COP28, let’s make this the ‘beginning of the end’ of fossil fuels
1 year ago

Editorial: After COP28, let’s make this the ‘beginning of the end’ of fossil fuels

LA Times  

COP28 President Sultan al-Jaber, second from left, claps at the COP28 U.N. It took nearly three decades, but world leaders this week finally acknowledged the obvious: There is no way to slow climate change without winding down fossil fuels. Whether this deal truly signals the “beginning of the end” of the fossil fuel era, as U.N. officials have said, depends …

For the first time, U.N. climate summit calls on world to ‘transition away’ from fossil fuels
1 year ago

For the first time, U.N. climate summit calls on world to ‘transition away’ from fossil fuels

LA Times  

Nearly 200 countries agreed Wednesday to move away from planet-warming fossil fuels — the first time they’ve made that crucial pledge in decades of United Nations climate talks, though many warned that the deal still had significant shortcomings. “This document sends very strong messages to the world.” U.N. Secretary-General António Guterres said in a statement that “for the first time, …

As COP28 negotiators wrestle with fossil fuels, activists urge them to remember what’s at stake
1 year ago

As COP28 negotiators wrestle with fossil fuels, activists urge them to remember what’s at stake

Associated Press  

DUBAI, United Arab Emirates — In the bustling halls where global climate talks are being held, onetime farmer Joseph Kenson Sakala of Malawi is sharing the story of how fossil fuel development upended his life — and hoping that negotiators listen to many such stories and then move decisively to cut use of the coal, oil and gas warming the …

'Even my mom tried to stop...': Manipur climate activist who storms COP28 stage and shouts 'end fossil fuels'
1 year ago

'Even my mom tried to stop...': Manipur climate activist who storms COP28 stage and shouts 'end fossil fuels'

India TV News  

COP28 Summit: While the top leaders and officials were attending the annual climate summit in Dubai, a 12-year-old Indian activist stormed the stage by rushing to the dias and holding a sign above her head that read, "End fossil fuels. No mention of phasing out fossil fuels in the joint statement As the climate talks in Dubai spun into their …

As COP28 winds down, climate advocate finds draft agreement "disappointing"
1 year ago

As COP28 winds down, climate advocate finds draft agreement "disappointing"

NPR  

As COP28 winds down, climate advocate finds draft agreement "disappointing" ARI SHAPIRO, HOST: The science is clear - the world must urgently phase out fossil fuels to avoid the worst effects of global warming. And for the first time, those two words - fossil fuels - actually appear in the draft agreement that global negotiators are haggling over at the …

To phase out or phase down fossil fuels? That is the question at COP28 climate talks
1 year ago

To phase out or phase down fossil fuels? That is the question at COP28 climate talks

Associated Press  

DUBAI, United Arab Emirates — After days of shaving off the edges of key warming issues, climate negotiators Tuesday zeroed in on the tough job of dealing with the main cause of what’s overheating the planet: fossil fuels. And what we’re particularly pleased about it is that it’s this early in the process.” That will give time for a lot …

The COP28 chief is dead wrong. Science says we need to quickly do away with fossil fuels
1 year ago

The COP28 chief is dead wrong. Science says we need to quickly do away with fossil fuels

Firstpost  

There is a wealth of scientific evidence demonstrating that a fossil fuel phase-out will be essential for reining in the greenhouse gas emissions driving climate change According to the president of COP28, the latest round of UN climate negotiations in the United Arab Emirates, there is “ no science ” indicating that phasing out fossil fuels is necessary to restrict …

Cop28 chief says there is ‘no science’ behind demands for phase-out of fossil fuels
1 year ago

Cop28 chief says there is ‘no science’ behind demands for phase-out of fossil fuels

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. During an online event alongside former Irish president Mary Robinson last month, Mr Jaber insisted a phase-out of oil …

Union government asks private firms to ramp up investments in coal-fired plants despite global pressure
1 year, 1 month ago

Union government asks private firms to ramp up investments in coal-fired plants despite global pressure

The Hindu  

The Union government on November 21 asked private firms to ramp up investments in new coal-fired power plants to meet a dramatic rise in electricity demand and bridge nearly 30 gigawatts of additional requirement by 2030, despite international pressure to stop building such facilities. Power and Renewable Energy Minister R. K. Singh, in New Delhi, asked private companies to invest …

To save the climate, the oil and gas sector must slash planet-warming operations, report says
1 year, 1 month ago

To save the climate, the oil and gas sector must slash planet-warming operations, report says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

To save the climate, the oil and gas sector must slash planet-warming operations, report says
1 year, 1 month ago

To save the climate, the oil and gas sector must slash planet-warming operations, report says

Associated Press  

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extreme weather events fueled by human-caused climate change, according to a report released Thursday. The current investment of $800 billion a year in the oil and gas sector will need to be cut …

Accelerating switch to renewables could put fossil fuel peak in sight this decade: International Energy Agency
1 year, 2 months ago

Accelerating switch to renewables could put fossil fuel peak in sight this decade: International Energy Agency

ABC  

Almost half of the world's electricity could come from emissions-free sources such as wind, solar and nuclear by the end of the decade according to a report from the International Energy Agency. Key points: The International Energy Agency projects emissions-free sources will provide half the world's power by 2030 Demand for fossil fuels including coal, oil and gas is predicted …

Call for fossil fuel phase-out on global stocktake agenda: U.N. report
1 year, 2 months ago

Call for fossil fuel phase-out on global stocktake agenda: U.N. report

The Hindu  

Calls to phase out unabated fossil fuels, reform subsidies on it and triple global renewable energy capacity may find their way into the outcome of the first-ever global stocktake, a periodic assessment of collective efforts to achieve the Paris Agreement goals. According to the UNFCCC report, possible elements of the global stocktake outcome could include a call to parties on …

How bad the climate crisis gets is still up to us. We just have to act
1 year, 4 months ago

How bad the climate crisis gets is still up to us. We just have to act

LA Times  

As usual, California was ahead of the game. But the fact that gas-fired power plants still provide much of the state’s on-demand power is “a sober reminder of reality.” Newsom has made climate and clean energy top priorities, likely knowing any future presidential campaign could flourish or fail on his performance. “If we were to look forward to a conversation …

Editorial: Hoping fossil fuel giants will see the light on climate hasn’t worked. Change only comes with mandates and force
1 year, 5 months ago

Editorial: Hoping fossil fuel giants will see the light on climate hasn’t worked. Change only comes with mandates and force

LA Times  

One of the most demoralizing things about the world’s response to the climate crisis is the fossil fuel industry’s continued success in blocking the pollution-cutting actions that are in the interest of all of humanity. It’s a little late for powerful voices from older generations to come to the realization that fossil fuel companies aren’t operating in good faith and …

Fossil fuel reform can finance our future
1 year, 5 months ago

Fossil fuel reform can finance our future

Al Jazeera  

Last week, representatives from states and international organisations attended the Summit for a New Global Financial Pact in Paris – a first-of-its-kind conference aimed at examining how the global financial system exacerbates economic challenges for the Global South. It is no coincidence that the countries benefitting from the current system are the same states that have been instrumental in the …

World not ready to ‘switch off’ fossil fuels, UAE says
1 year, 7 months ago

World not ready to ‘switch off’ fossil fuels, UAE says

Al Jazeera  

Deep divisions exist among nations over how to combat the growing peril of global warming ahead of UN negotiations, known as COP28, to be held in Dubai in December. UAE Minister of Climate Change and Environment Mariam Almheiri said phasing out fossil fuels would hurt countries that either depend on them for revenue or cannot easily replace hydrocarbons with renewable …

G7 puts focus on push for global fossil fuel phase-out deal
1 year, 8 months ago

G7 puts focus on push for global fossil fuel phase-out deal

Al Jazeera  

Climate ministers commit to accelerate the hydrocarbon phase-out to achieve net zero in energy systems by 2050, but many questions remain. Meyer said a G7 leaders’ meeting next month could offer an opportunity to back up their call for a fossil fuel phase-out with strong commitments to financially help developing nations to transition. Stepping stones Meetings that could be used …

It is time to phase out fossil fuels
1 year, 9 months ago

It is time to phase out fossil fuels

Al Jazeera  

We call on world leaders to come together and commit to start phasing out fossil fuels immediately. We need leaders at international financial institutions like the World Bank to firmly commit to addressing climate change and better supporting vulnerable nations – not doubling down on fossil fuel investments. The World Bank and other international financial institutions need to take immediate …

COP27 flinched on phasing out ‘all fossil fuels’ — what’s next?
2 years ago

COP27 flinched on phasing out ‘all fossil fuels’ — what’s next?

Salon  

The latest UN climate change summit concluded, once again, with a tussle over the place of fossil fuels in the global economy. But at COP27, widespread anxieties about the cost and availability of energy made many governments cautious about expressing a clear intention to phase out all fossil fuels in the resulting agreement. Despite large planned increases in fossil fuel …

COP27: On coal, India must stand its ground
2 years, 1 month ago

COP27: On coal, India must stand its ground

Hindustan Times  

The 27th round of the United Nations-led Confe-rence of the Parties meeting currently underway in Egypt has completed a week, and the stage lights, as expected, are back on coal. On Saturday, as negotiations on the cover text began, India made it clear that participating countries must acknowledge that all fossil fuels — coal, oil and gas — contribute to …

COP27: A Year On From Glasgow Climate Pact, The World Is Burning More Fossil Fuels Than Ever
2 years, 1 month ago

COP27: A Year On From Glasgow Climate Pact, The World Is Burning More Fossil Fuels Than Ever

ABP News  

The burning of fossil fuels caused 86 per cent of all CO₂ emissions during the past ten years. The ongoing energy crisis – and the short-term responses to it by governments around the world – have made it more difficult to meet the pact’s goals of ending the dominance of fossil fuels. Fossil fuels at COP27 US and European allies …

A year from the Glasgow climate pact, more fossil fuels is being burnt
2 years, 1 month ago

A year from the Glasgow climate pact, more fossil fuels is being burnt

The Hindu  

The burning of fossil fuels caused 86% of all CO₂ emissions during the past ten years. The ongoing energy crisis – and the short-term responses to it by governments around the world – have made it more difficult to meet the pact’s goals of ending the dominance of fossil fuels. Fossil fuels at COP27 US and European allies pressured developing …

G-7 pledges put coal on notice, could boost climate aid
2 years, 6 months ago

G-7 pledges put coal on notice, could boost climate aid

Associated Press  

BERLIN — Officials from the Group of Seven wealthy nations announced Friday that they will aim to largely end greenhouse gas emissions from their power sectors by 2035, making it highly unlikely that those countries will burn coal for electricity beyond that date. Under pressure to step up their financial aid to poor nations, the G-7 ministers in Berlin said …

Energy sector needs major revamp: IPCC
2 years, 8 months ago

Energy sector needs major revamp: IPCC

The Hindu  

Limiting global warming will require major transitions in the energy sector and this will mean drastically reducing fossil fuel use, widespread electrification, improved energy efficiency, and the use of alternative fuels, a consortium of scientists part of the Intergovernmental Panel on Climate Change said in a statement on Monday. This offers significant untapped potential,” IPCC Working Group III Co-Chair Priyadarshi …

Calls for shift from fossil fuels as UN prepares to release new climate report
2 years, 8 months ago

Calls for shift from fossil fuels as UN prepares to release new climate report

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest report from UN science body the Intergovernmental Panel on Climate Change sets out solutions needed to curb …

‘Who’s talking climate change now?’ energy producers say
2 years, 8 months ago

‘Who’s talking climate change now?’ energy producers say

Al Jazeera  

With the Russian invasion of Ukraine boosting energy costs and reducing availability, proponents are pushing back against fossil fuel eradication. It rang out at the Atlantic Council Global Energy Forum, the World Government Summit, and a UAE- OPEC Secretary-General Mohammad Sanusi Barkindo said at the upcoming UN climate talks, known as COP27, in Egypt and next year’s COP28 in the …

Energy agency: ‘Radical action’ needed to hit climate goals
2 years, 8 months ago

Energy agency: ‘Radical action’ needed to hit climate goals

Associated Press  

BERLIN — The world must take “radical action” by investing $5.7 trillion in private and public money each year through 2030 to shift away from fossil fuels and ensure the planetary warming they cause doesn’t pass dangerous thresholds, the International Renewable Energy Agency says. In a 348-page report published Tuesday on the state of the global energy transition, the agency …

There must be ‘presumption against’ new fossil fuel drilling, government’s climate advisors say
2 years, 10 months ago

There must be ‘presumption against’ new fossil fuel drilling, government’s climate advisors say

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ministers must end the expansion of oil and gas exploration across Britain with a “presumption” …

‘A future full of risks’: What’s next for climate crisis conversations in 2022?
2 years, 10 months ago

‘A future full of risks’: What’s next for climate crisis conversations in 2022?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Therefore we need to enable all countries to do that, to transition to an economy that’s not based on …

This coal plan offers only half a solution
3 years, 2 months ago

This coal plan offers only half a solution

Live Mint  

The Asian Development Bank and a handful of financial institutions will take an ambitious proposal to end Southeast Asia’s coal addiction to the COP26 climate talks. Indonesia, the Philippines and Vietnam — the three pilot countries — have young power plants, opaque long-term pricing agreements, and do not yet make carbon emissions sufficiently costly. This isn’t one nation in crisis …

Fossil fuel production to soar in face of emissions pledges, United Nations report says
3 years, 2 months ago

Fossil fuel production to soar in face of emissions pledges, United Nations report says

ABC  

Despite climate targets being ramped up, the world is set to increase the production of fossil fuels until 2040 and beyond, according to the United Nations Environment Program. Key points: More than 130 countries have announced plans to reduce emissions to net zero by 2050 Those commitments aren't matched by plans when it comes to fossil fuel production, the report …

Fossil fuel producers’ plans far exceed 1.5C climate target
3 years, 2 months ago

Fossil fuel producers’ plans far exceed 1.5C climate target

Al Jazeera  

UNEP’s Production Gap report finds countries plan to produce some 110 percent more fossil fuels in 2030. The report published by the UN Environment Programme on Wednesday found that while governments have made ambitious pledges to curb greenhouse gas emissions, they are still planning to extract double the amount of fossil fuels in 2030 than what would be consistent with …

Fossil fuel production gap: World will exceed limits of Paris Agreement
3 years, 2 months ago

Fossil fuel production gap: World will exceed limits of Paris Agreement

CNN  

New York CNN Business — Ahead of a critical global climate conference in November, a UN report released Wednesday shows that many of the world’s largest fossil fuel producers are still planning to ramp up production in the coming years, and will be burning far more fossil fuels in 2030 than what is consistent with global climate pledges. “The point …

Despite climate change promises, governments plan to ramp up fossil fuel production
3 years, 2 months ago

Despite climate change promises, governments plan to ramp up fossil fuel production

NPR  

Despite climate change promises, governments plan to ramp up fossil fuel production Enlarge this image toggle caption Tony Gutierrez/AP Tony Gutierrez/AP Despite lofty commitments by governments to reduce greenhouse gas emissions, they are still planning to extract huge amounts of energy from fossil fuels in the coming years, according to a new report from the United Nations. The report published …

WA EPA to consider IPCC report in update to greenhouse gas guidance to industry
3 years, 4 months ago

WA EPA to consider IPCC report in update to greenhouse gas guidance to industry

ABC  

The West Australian Environmental Protection Authority says it will take into account the latest Intergovernmental Panel on Climate Change report when it updates greenhouse gas guidance, as it calls for comment on a gas fracking proposal in the state's north. Key points: The WA EPA says it will consider the IPCC report when they update its greenhouse emission guidance next …

No place for new fossil fuels if world is to reach net zero by 2050, says landmark report
3 years, 6 months ago

No place for new fossil fuels if world is to reach net zero by 2050, says landmark report

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy There is no place for new fossil fuel projects if the world is to reach …

Big Oil (Probably) Isn't Going Away Anytime Soon. But It's Definitely Changing
3 years, 6 months ago

Big Oil (Probably) Isn't Going Away Anytime Soon. But It's Definitely Changing

NPR  

Big Oil Isn't Going Away Anytime Soon. But there's no consensus what a future with less oil would look like for companies that have been greatly enriched by the fossil fuels driving climate change. The oil and gas industry is betting change will be slow Climate change activists may have celebrated key victories recently, including an activist hedge that managed …

Stop new fossil fuel projects to reach net-zero carbon emissions by 2050: IEA report
3 years, 7 months ago

Stop new fossil fuel projects to reach net-zero carbon emissions by 2050: IEA report

Firstpost  

Overall, fossil fuels are set to account for only around a fifth of the energy supply by 2050, down from almost four-fifths currently. All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5C, the International Energy Agency said Tuesday. In a …

‘Scrap all new fossil fuel projects for 2050 goals’: Report
3 years, 7 months ago

‘Scrap all new fossil fuel projects for 2050 goals’: Report

Hindustan Times  

AAll future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5C, the International Energy Agency said Tuesday. Overall, fossil fuels are set to account for only around a fifth of energy supply by 2050, down from almost four fifths currently, the report …

End fossil fuel investment: Window to reach net-zero emission goal by 2050 shrinking, warns IEA
3 years, 7 months ago

End fossil fuel investment: Window to reach net-zero emission goal by 2050 shrinking, warns IEA

India Today  

The International Energy Agency on Monday warned that the window of opportunity for reaching net-zero emissions is narrowing and action is needed to reshape the world's energy sector in order to meet ambitious climate goals by 2050. The agency in a report said that "government actions fall well short of what is required to bring global energy-related carbon dioxide emissions …

To achieve net-zero by 2050, scrap fossil fuel projects: IEA
3 years, 7 months ago

To achieve net-zero by 2050, scrap fossil fuel projects: IEA

Al Jazeera  

All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050, the organisation said. All future fossil fuel projects must be scrapped if the world is to reach net-zero carbon emissions by 2050 and to stand any chance of limiting warming to 1.5C, according to the International Energy Agency. In a special …

To Be Carbon-Neutral By 2050, No New Oil And Coal Projects, Report Says
3 years, 7 months ago

To Be Carbon-Neutral By 2050, No New Oil And Coal Projects, Report Says

NPR  

To Be Carbon-Neutral By 2050, No New Oil And Coal Projects, Report Says Enlarge this image toggle caption Peter Dejong/AP Peter Dejong/AP Enough rhetoric, it's time to act: that's the gist of a new report from the International Energy Agency, which says the world must bring about "a total transformation" of its energy systems if it hopes to reach net-zero …

Climate change: Countries are choosing fossil fuels over clean energy, report says
4 years ago

Climate change: Countries are choosing fossil fuels over clean energy, report says

CNN  

CNN — Governments of the world are at a “critical juncture” for shaping the climate’s future but are on course to produce too many fossil fuels in the decade ahead, a new report has found. To limit global warming to 1.5 degrees Celsius – which scientists say would avoid the most catastrophic impacts of climate change – countries need to …

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