Sentences with phrase «fuel reserves underground»

And it's since become the conventional wisdom: Many central bankers and world leaders now agree that we need to keep the bulk of fossil fuel reserves underground.

Not exact matches

Such a transition would save $ 1.8 trillion over the next two decades, says a study by the Climate Policy Initiative, which also found that governments and taxpayers will bear the greatest financial risk if fossil fuel reserves are stranded underground.

Carbon capture and storage technology, which buries emissions underground, can play a role in the future, but even an optimistic scenario which sees 3,800 commercial projects worldwide would allow only an extra 4 % of fossil fuel reserves to be burned.

These techniques have allowed drillers to unlock vast underground shale reserves and caused the U.S. to become the world's largest liquid fuels producer.

When we did the math back in 2012, we found that 80 % of fossil fuel reserves need to be kept underground.