Sentences with phrase «falling price of fossil fuels»

Even with the falling price of fossil fuels, solar equipment and installation prices are diminishing as well, with California leading the nation in adoption of this technology.

Not exact matches

When it comes to the emerging class of carbon dioxide removal («CDR») climate change solutions, however, falling fossil fuel prices could prove quite positive, offering new opportunities for development.

With the recent steep fall in oil prices and associated declines in other energy prices, the stars are aligned for adopting a carbon tax on consumption of fossil fuels, Lawrence Summers, a former treasury secretary and presidential adviser, says in the Washington Post.

Along with falling gas prices, they've slashed the profits of fossil fuel companies, which are delaying dozens of billion - dollar projects and laying off thousands of workers.

«One of the new and fundamental messages of this report is that renewable energies are no longer subject to the vagaries of rising and falling oil prices — they are becoming generating systems of choice for increasing numbers of power companies, communities and countries irrespective of the costs of fossil fuels,» said UNEP Executive Director Achim Steiner.

A 100 % renewable energy transition globally by 2050 is both technological possible and will reduce the average cost of energy by 30 % from current fossil fuel and nuclear power prices according to a comprehensive 2017 study of the European Energy Watch Group led by physicist and German PV pioneer Hans - Josef Fell and performed by Berlin's Lappeenranta University of Technology.

In the last few years it has made even less given the rapid fall of oil, coal, and natural gas prices, which have made «green energy» even less economically competitive with fossil fuels than it already was.

«Variability is the only question that can be put to [the renewables sectors] and the only reason the fossil - fuel industry can argue we need to keep them around --[for] system stability,» he says, adding that hybrid projects, coupled with the falling price of battery storage, are removing the need for fossil - fuel back - up capacity.

California's two biggest pension funds lost more than $ 5 billion (U.S.) since June 2014 because of the declining value of their fossil fuel holdings, while Norway's massive sovereign fund, which has already divested many of its fossil fuel assets, still lost $ 40 billion between July and August, partly because of falling oil prices.

Again, we need to take advantage of the falling prices for renewable energy and stop subsidizing fossil fuels.

China, the US, Japan, UK and India were the countries adding on the largest share of green power, despite the fact that fossil fuel prices have fallen significantly.

Other issues include: falling fossil fuel prices, in 2004 solar derived energy only provided 0.01 % of the world's energy and serious research has been going on since the 1970's so where is the big global change?