Richard talks first about peak oil, a once popular theory about diminishing fossil
fuel reserves which he believes will again soon rear its head, despite...
Not exact matches
To ensure the fund had a low - carbon footprint, NUBD excludes issuers in sectors having high levels of fossil -
fuel reserve ownership —
which includes metals miners and oil and gas producers.
Babies who reach critically low levels of
reserve fuel and fluids before their mother's milk comes in can be found lethargic with compromised vital signs after hours of constant nursing and fussing, at
which time they are often diagnosed with hypoglycemia, excessive weight loss and / or hyperbilirubinemia, all markers of starvation.
They have almost depleted their
reserves of hydrogen,
which fuels the reactions that occur during most of the life of a star.
Until such time as meaningful mitigation is seriously considered and planned for, the real - world scenario remains BAU and the debate
which actually matters remains the one about the size of the fossil
fuel reserves.
Besides bringing glucose into all cells in the body, insulin also helps in the uptake of amino acids into muscle tissue,
which in turn initiates protein synthesis, and prevents amino acids from being oxidized as a
reserve fuel source.
Which means, you can drive from Los Angeles, California to Flagstaff, Arizona without stopping for gas and still have some
fuel in
reserve.
The MSCI Emerging Markets ex Fossil
Fuels Index (the «Index») is designed to measure the performance of companies in the MSCI Emerging Markets Index that are «fossil
fuel reserves free,»
which are defined as companies that do not own fossil
fuel reserves.
Gavin, are you aware of the complete disconnect between SRES estimates of fossil
fuel reserves,
which are based on a single review paper by Roger in 1997, and more recent views regarding peak oil, peak gas, and peak coal?
Those countries are poor in fossil
fuel reserves but home to vast forests,
which they harvest and burn for heating and electricity.
However, it is important to keep in mind that we might easily more than double it if we really don't make much effort to cut back (I think the current estimated
reserves of fossil
fuels would increase CO2 by a factor of like 5 or 10,
which would mean a warming of roughly 2 - 3 times the climate sensitivity for doubling CO2 [because of the logarithmic dependence of the resulting warming to CO2 levels]-RRB-... and CO2 levels may be able to fall short of doubling if we really make a very strong effort to reduce emissions.
Then the weak point of the scenarios used in SRES is that they all rely upon a continuous economic growth throughout the century -
which is by no means granted -, and that they all exceed by far the amount of proven
reserves for at least one
fuel —
which can hardly be considered as a likely event, by definition of «proven».
NOTE: The top two scenarios estimate an atmospheric CO2 level
which exceeds the total carbon contained in all the optimistically estimated fossil
fuel reserves on our planet (although here I will mention that Pekka Pirilä has found a study,
which give higher potential fiossil
fuel reserves than the studies,
which I cited).
At present, the energy needed to facilitate this rapidly growing economy is derived primarily from coal and other fossil
fuels, of
which China has significant national
reserves.
One example is the organization Oil Change International
which argues that most remaining fossil
fuel reserves has to be left in the ground to keep below 2 °C on the basis of cumulative emission budgets (Oil Change International, 2016).
One of the indisputable facts of climate change is the rapid melting of the Arctic,
which is destroying fragile habitats and making vast
reserves of fossil
fuels accessible for...
610 ppm was the supposed level we reach if we burned all the fossil
fuel reserves,
which is also in dispute.
(There are many studies,
which show much lower estimates for the remaining fossil
fuel reserves.)
For many years coal was the second largest electricity provider in Illinois, with ample coal
reserves in Southern Illinois, but as a fossil
fuel which emits CO2, coal is now the whipping boy of the environments and those who believes that renewable energy sources can replace fossil
fuels.
Wiki also has estimates with data from several sources; these lie well below the WEC estimate of «inferred total fossil
fuel resources»,
which I cited (and
which is several times higher than the «proven recoverable
reserves» estimate).
Compare that to oil,
which at 29 % of global fossil
fuel reserves, adjusted for energy content, still has no full - scale, mass - market alternative in its primary market of transportation energy.
The
reserves are taken from the World Energy Council 2004 report, except for China, where we used the
reserves from the Chinese Ministry of Land and Resources by way of Sandro Schmidt, and South Africa,
which has been reassessed recently Figure 9 shows the cumulative plots for future -
fuel production using the trends we have developed for hydrocarbons and coal, and with lms fits for the 10 % and 90 % years.
This whole house of cards is kept together by the magic powers of Mammon, I suspect, as every aspect of it is highly dubious and afflicted by vast ignorance, starting with the carbon cycle, sinks, our questionable ability to even accomplish a doubling any time soon in view of current fossil
fuel reserves, the actual effect if any of the demonized molecule (this engenders the most disparate and esoteric theoretizing,)
which effect apparently can not or will not be empirically verified, and so on.
They too argued that the world can consume no more than 20 % of known fossil
fuel reserves if mankind is to survive
which meant the
reserves being carried on the books of Big Fossil were dangerously sub-prime.
Australian fossil
fuel production has a particularly high exposure to coal
reserves,
which make up 51GtCO2 of this total.
A statement on the transition team website promises to «unleash an energy revolution»,
which includes exploiting all US fossil
fuel reserves.
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.
The analysis concludes that even a less ambitious climate goal, like a 3 °C rise in average global temperature or more,
which would pose significantly greater risks for our society and economy, would still imply significant constraints on our use of fossil
fuel reserves between now and 2050.
Focussing on the fossil
fuel and extractive industries, the report challenges the way in
which fossil
fuel reserves are accounted for and reported as they do not factor in the risk that some current
reserves may not be combusted.
Mark Carney, the FSB chair stated that a carbon budget consistent with a 2 °C target «would render the vast majority of
reserves «stranded» — oil, gas and coal that will be literally unburnable without expensive carbon capture technology,
which itself alters fossil
fuel economics»
The World Energy Council published a report in 2010,
which summarized not only the proven
reserves of all fossil
fuels (oil, natural gas and coal), but also gave estimates for the «inferred possible total resources in place» for these fossil
fuels.
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.
Oil and gas pipelines are a typical analogy for the scale and nature of infrastructure required, but have significant differences: the science of fossil
fuel reserves was limited when much of the industry was created, and under business - as - usual the price of oil can be expected to rise as
reserves go down, thus stretching out the time in
which the investment is worthwhile.
We have an agreement between every country in the world to have a dramatic shift away from the use of fossil
fuels, and yet still fossil
fuel companies dominate our stock exchanges, and on the basis that they're going to utilise all of the assets, all of those oil and gas
reserves,
which we absolutely can't burn.
Bill McKibben says we need to «do the math,»
which is to take the known fossil
fuel reserves that oil and gas companies expect to tap and add that to the carbon already trapped in the atmosphere.
According to Carbon Tracker (PDF), there is a potential that 80 percent of the world's carbon
reserves will become unburnable,
which — if this situations holds true — would result in a $ 20 trillion write - off in losses by fossil
fuel companies.
Replacement of the current thermal variety of nuclear fission reactors with nuclear fission fast reactors,
which are 100 times more
fuel efficient, can dramatically extend nuclear
fuel reserves.
The current fossil
fuel export proposals —
which would put dangerous and toxic materials into the heart of the tribes» treaty -
reserved fishing areas — are nothing less than an existential threat to the people who have depended on this landscape since time immemorial.
At the same time, high prices for metals, fossil
fuels, and other industrial resources drove a global search for exploitable
reserves, many of
which lie in tropical forest countries.
And the third is one
which is probably the most important: available
reserves of fossil
fuels and the rate at
which we are able to extract them.
One of the rallying points was a scientific calculation that the rise of global temperature could not be held below 2 °C (the internationally accepted point at
which the warming would become «dangerous») unless at least half the known
reserves of fossil
fuels were left in the ground.
Likewise, Hawaii has plenty of biomass resources that could potentially be used in many different ways,
which is especially great news for a place with no indigenous fossil
fuel reserves.
The outfit does not just argue that such investments are immoral, but also that they are risky (as we wrote last week, if governments were determined to implement their climate policies, a lot of energy firms fossil -
fuel reserves, on
which their stock valuations hinge, would have to be left in the ground).
This is in response to Carbon Tracker's April 2013 Unburnable Carbon report,
which found that in 2012 alone, the 200 largest publicly traded fossil
fuel companies collectively spent an estimated $ 674 billion on finding and developing new
reserves some of
which may never be utilized.
Due to Australia's plentiful
reserves of cheap coal, the liberalisation of the power industry has favoured its use, especially that of Victorian brown coal,
which has become the primary
fuel source for generation in the four southern states of the NEM.
McKibben closes his case by highlighting research by the Carbon Tracker Initiative
which reports that burning the total amount of coal, oil and gas
reserves currently held by fossil
fuel companies would release five times the amount of carbon needed to stay under the two - degree threshold.
«I passionately believe that there is big potential for fracking and unconventional gas in Britain,
which has some shale
reserves that could make a real difference,» said Cameron, the keynote speaker at the American
Fuel and Petrochemicals Manufacturers annual conference in San Antonio.
Jacques Diouf, its head,
reserved most of his reprobation for the U.S.'s billions of corn ethanol subsidies (roughly $ 12b in 2006),
which he said were depriving developing countries of food, reports The Guardian's Julian Borger.He accused the U.S. of diverting close to 100 million tons of cereals from human consumption to «satisfy a thirst for
fuel for vehicles.»
Until such time as meaningful mitigation is seriously considered and planned for, the real - world scenario remains BAU and the debate
which actually matters remains the one about the size of the fossil
fuel reserves.
Here's how this could happen: Without Renewable Alternatives, Liquid Coal Could Win the Day As world oil
reserves begin critically depleting and the necessary investments aren't made to electrify the world's transportation fleet and a larger switch to renewable energy made, then it is likely that use of coal - to - liquids
fuels (
which have 40 % higher emissions than oil) will rise.