«GDP goes up because the fee and dividend provides a boost to consumer spending, reducing
demand for fossil fuels does not have a significant impact on American employment and reduces energy imports from abroad, and the border adjustment means American firms are on a level playing field when it comes to competing on the world market.»
Not exact matches
Walter sees the benefits of using methane as an energy source as twofold: «Not only
does it prevent a potent greenhouse gas from entering the atmosphere by converting it to weaker greenhouse gases — water vapor and carbon dioxide — but using it on - site would also reduce the
demand for other
fossil -
fuel sources.»
But doesn't a forecast tripling of
demand for fossil fuels give any of that group pause?
There are many things that «average citizens» can
do to reduce our
demand for fossil fuels — most of which will also save us money and improve our health and quality of life.
The goal of climate policy should be to reduce
demand for fossil fuels and if we
do that the oil sands will become superfluous.
Furthermore, if you are talking about a 70 % reduction in CO2 emissions over 1990 levels (a reasonable target, but I
do look forward to seeing the new IPCC outcomes
for different emissions scenarios) then you can still use
fossil fuels to meet that 30 %
demand.
The United States faces a vexing challenge in switching from conventional to clean sources to generate electricity: How
do we replace
fossil fuel when natural gas costs $ 4 per million BTU and
demand for electricity is expected to increase by over 20 % by 2035?
Attributing allegedly unnatural warming to the use of
fossil fuels to obtain energy essential
for human flourishing, these voices
demand that people surrender their God - given dominium, even if
doing so means remaining in or returning to poverty.
Speaking at the annual CERAWeek energy conference in Houston on March 9, van Beurden described the growing tensions between his industry, which has created our
fossil fuel dependent energy system, and the public, which is
demanding a switch to clean energy: «I
do think trust has been eroded to the point where it starts to become a serious issue
for our long - term future.»
Their letter was the latest sign environmental concerns that were once peripheral
for many investors have become mainstream, with some of the most traditional shareholder groups
demanding fossil fuel companies in general, and Exxon in particular,
do more in response to climate change.
Shareholders have filed resolutions asking
for ExxonMobil, Chevron and other US energy companies to undertake stress tests to ensure they maximise value and don't just pursue a BAU strategy in the face of stronger regulation and weakening
fossil fuel demand as economies transition.
Wary of how public concern over climate change could drop
demand for fossil fuel products, the Kochs have spent the last 15 years dumping over $ 61 million to front groups telling us that global warming doesn't exist, or that it would destroy our economy to stop runaway climate change.
These scenarios
do not reflect the huge potential
for reducing
fossil fuel demand in accordance with decarbonisation pathways.
No, Africa
does not need
fossil fuels to meet its growing
demand for energy.
They certainly don't want the
demand for their products — and consequently their profits — to be reduced by a large - scale, rapid move away from burning
fossil fuels and towards climate - friendly renewables like wind and solar generated electricity.
I'm not claiming to be a paragon of virtue, merely pointing out that there is a whole lot that individuals can
do to reduce their own
demand for fossil fuels, besides, as you suggest, «nothing».
Neither
does it follow — as the
fossil fuel interests would have us believe — that reducing the
demand for energy requires reducing the
demand for the goods and services that energy provides.
It
does not, however, follow — as the
fossil fuel interests would have us believe — that reducing the
demand for fossil fuels requires reducing the
demand for «energy».
However, as clean energy growth rates take off and
demand growth
for fossil fuels flatlines, it is probable that divesting
fossil fuels in favour of a clean energy future
does not have to come at a sacrifice to long - term investment returns.