The figure represents the difference between the estimated $ 4.8 tn of investment needed to meet global
fossil fuel demand between 2018 and 2025 under current climate policies and the $ 3.3 tn that would be required if the Paris agreement on reducing carbon emissions was fully implemented.
Not exact matches
It remains the fastest growing component of the widening gap
between the Ecological Footprint and the planet's biocapacity,» Wackernagel said adding that a global agreement that aims to phase out
fossil fuels could have a significant impact in helping curb the consistent growth and even shrink Ecological Footprint, humanity's
demand on planet Earth.
And, as with the corn - ethanol debacle unfolding before our eyes, the alternatives to
fossil fuel will simply never fill the gap
between current and assumed future
demand and supply of energy.
From a global perspective, we are faced with daunting challenges as documented in World Resources, 1996 - 97: the accelerating confluence of population expansion, increased
demand for energy, food, clean drinking water, adequate housing, the destructive environmental effects of pollution from
fossil fuels and nuclear waste, plus the growing divergence
between the haves and have - nots and the potential for ensuing conflicts.
Carbon Tracker believes that
fossil fuel management are overly focused on
demand and price scenarios that assume business as usual and so there may be a risk assessment «gap»
between a management's view of the future and that which would result from action on climate change, technology developments and changing economic assumptions.
The report argues that, even if electricity
demand were to grow at around 1 to 1.5 per cent per annum
between 2010 and 2020 and
fossil fuel prices were to remain relatively high, the share of renewables in UK electricity sales is only expected to increase to around 10.25 per cent by 2015.
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.»
As close ties
between fossil fuel billionaires Charles and David Koch and the Trump Administration come more to light, a group of Democratic Senators led by Sheldon Whitehouse (D - RI) is
demanding answers about how much influence the Koch brothers have had in shaping key federal policies.
Some of the difference
between the oil company scenarios and those from green NGO's and academics is due to
fossil fuel lobby assumptions about
demand and the role of gas (including shale gas), with CCS also seen as coming on line in a big way.