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.
This study looks at the impact of low - carbon transformations in power and road transport, sectors which together account for just 50 % of
global fossil fuel demand and CO2 emissions approximately.
Not exact matches
Third, governments worldwide forged an historic climate agreement in Paris that will drive the
global phase - out of
fossil fuel generation over decades — and increase the
demand for the technologies that can replace it.
The sponsors withdrew the resolution after the company agreed to report on how much of its oil and gas reserves would become unsellable — or stranded — if a
global treaty decreased
fossil fuel demand.
In plain terms, we are choosing to penalize our own energy industry with severe financial measures, when other jurisdictions like the U.S. are slashing taxes and red tape, rejecting carbon taxes, and calling for expanded
fossil fuel production due to growing
global demand.
The LCA examined the effects of a 1 kilogram industry - average corrugated product manufactured in 2014 on seven environmental impact indicators:
global warming potential (greenhouse gas emissions), eutrophication, acidification, smog, ozone depletion, respiratory effects,
fossil fuel depletion; and four inventory indicators: water use, water consumption, renewable energy
demand, and non-renewable energy
demand.
Rather, the world's largest oil company maintained that all sources of energy, including
fossil fuels, will be necessary to meet the future
global demand and that the best path toward managing greenhouse gas emissions is through technology advancement and adoption of energy efficiency programs.
To achieve 450 ppm, the concentration of greenhouse gases in the atmosphere associated with a 2 - degree Celsius rise in
global average temperatures (a target advocated by the European Union), the «aggregate of
fossil -
fuel demand will peak out in 2020,» Tanaka says.
«Hydrogen (H2) produced from water splitting by an electrochemical process, called water electrolysis, has been considered to be a clean and sustainable energy resource to replace
fossil fuels and meet the rising
global energy
demand, since water is both the sole starting material and byproduct when clean energy is produced by converting H2 back to water,» the researchers wrote.
While the U.S. boom in shale gas helped push the
fossil fuel's share of total
global energy consumption from 23.8 to 23.9 percent, coal also increased its share, from 29.7 to 29.9 percent, as
demand for coal - fired electricity remained strong across much of the developing world, including China and India, and parts of Europe.
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.
«As
global energy
demand grows over this century, there is an urgent need to reduce our dependence on
fossil fuels and imported oil and curtail greenhouse gas emissions,» said Secretary of Energy Steven Chu.
The hummingbird challenges us to organize, to hold our political leaders and
global industries accountable and
demand that they, and we, accept the potential difficulties, even sacrifices, that we'll have to make to transition from a
fossil fuel - based and extractive
global system to one that's organized around genuine sustainability and responsibility.
Feed - in tariffs on
fossil energy imports to the United States would surely end up reducing
demand for
fossil fuels as more and more renewable capacity became available — which is exactly what you would want to see happen if you are serious about slowing the rate of
global warming.
One issue, of course, is that while the focus is on developing or refining energy technologies with limited or no emissions of greenhouse gases, the discussion is taking place in a world where real - time pressures are driving the expansion of conventional
fossil fuel menus to keep up with ballooning
global energy
demand.
McKibben's enemy, of course, is the outsize influence on policy exerted by the array of companies extracting
fossil fuels from the Earth to satisfy the growing
global demand for energy.
Continued strong
demand for all
fossil fuels seems a certainty at this time, even taking into account stronger policies to mitigate
global warming risks, though sustained high prices may slow growth slightly.
He argued that «no credible projection» shows
fossil fuels meeting less than 40 percent of
global energy
demand by mid-century.
Investments that encourage the construction of new renewable resources will cut the
demand for
fossil fuel - based electricity, reducing air pollution and
global warming emissions.
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.
Because electricity and heat account for 41 percent of
global carbon dioxide emissions, curbing climate change will require satisfying much of that
demand with renewables rather than
fossil fuels.
Since 2009, the IEA has actively contributed to all energy work streams of the G20 — a group that accounts for 85 % of the
global economy and 75 % of
global energy
demand — covering topics ranging from energy security and market transparency, to energy efficiency and the phase out of
fossil fuel subsidies.
Rising
global energy needs and the enduring abundance of
fossil fuels are driving
fuel demand and emissions growth.
Internationally, the energy consumption of China, India, Brazil, South Africa and Mexico will lead to a major
global demand increase, which is likely to be met in large part from
fossil fuels,» warning that the capacity to deal with these very substantial potential emissions «must urgently be developed.»
Thus, absent
fossil fuels,
global cropland would have to increase by 150 percent to meet current food
demand, but conversion of habitat to cropland is already the greatest threat to biodiversity.
The first signs of a
fossil -
fuel bust emerged early last year with growing evidence that the decade - long boom in
global coal
demand was peaking.
However, in absolute terms both energy
demand and the share being met by
fossil fuel are growing faster since 1990 than the growth in new renewable energy sources, which is accelerating, but not yet fast enough to curb the increasing
global CO2 trend.
So as
global demand grows, the
fossil fuel industry is pushing into...
Total
fossil fuel demand was calculated globally, based on world population and per capita
demand; while production was calculated on a country by - country basis and summed to obtain
global production.
The thrust of the roadmap paper puts the onus squarely on
fossil fuel management to respond properly to how growing climate regulation, advances in cleaner technology, cheaper renewables, and greater energy efficiency hit
demand and the implications those
global trends have for commodity prices.
Reduced
demand for
fossil fuels will improve the environment by reducing air and water pollution as well as the heat - trapping gases that cause
global warming.
If
global warming accelerates, Schneiderman's logic goes, then Exxon would be stuck with
fossil fuel reserves rendered worthless by future regulations or a concomitant reduced
demand for oil.
Even though
global energy
demand is the same in either case, effectively we will need to produce less energy because less is wasted through inefficient
fossil fuel burning.
Cost advantages of hydropower based electricity generation and the substitution of
fossil fuel based power production in an attempt to reduce carbon emission is expected to drive
global hydropower market
demand.
With 1000 + articles worldwide, the report made a noteworthy contribution to a
global public discussion on peak
fossil fuel demand, including an endorsement from Nick Butler at the FT that «it deserves to be read by everyone working in the energy sector, by policy makers and perhaps most urgently by investors».
«Renewable sources of energy can be used to provide modern energy services to the poor, contribute to meeting the increasing
global energy
demand, reduce air pollution, mitigate climate change and delay the eventual
fossil -
fuel depletion,» he adds.
Hundreds of thousands of people joined an estimated 2,300 marches and actions in 175 countries over the weekend,
demanding that the heads of state and negotiators in Paris pull together a strong deal to fight
global warming — and fight to keep
fossil fuels in the ground and shift to 100 percent clean energy.
While
global demand for
fossil fuels grows, gasoline prices remain volatile.
«The overall share of
fossil fuels in
global energy
demand in 2017 remained at 81 %, a level that has remained stable for more than three decades despite strong growth in renewables.»
Of course, the best way of reducing
global fossil fuel supply and
demand is to have everybody on Earth doing it simultaneously.
Analysts say an effective deal to limit dangerous
global warming would slash
demand for
fossil fuels and the value of oil companies.
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.
Limiting
global atmospheric CO2 concentrations to or below 450 ppm would require that we stop building new
fossil fuel infrastructure in the next several years and significantly reduce energy
demand over the next few decades.
With 70 % of
global energy
demand currently met through the burning of carbon - based
fuels, and
demand predicted to double by 20351, the world faces a growing challenge: reducing climate change causing carbon dioxide (CO2) emissions while not damaging a fragile
global economy that is sustained by these abundant
fossil fuels.
It remains one of the greatest ironies of the environmental movement that those most concerned with
global warming, like Ms. Collard, are opposed to nuclear energy, the only non-greenhouse gas - emitting power source that can effectively replace
fossil fuels while satisfying Canada's growing
demand for energy.
The hummingbird challenges us to organize, to hold our political leaders and
global industries accountable and
demand that they, and we, accept the potential difficulties, even sacrifices, that we'll have to make to transition from a
fossil fuel - based and extractive
global system to one that's organized around genuine sustainability and responsibility.
Global demand for wooden pellets, used to replace coal in the generation of electricity, has risen considerably in recent years as governments seek ways in which to cut carbon emissions and reduce
fossil fuel reliance.
Referencing Architecture 2030's submission to the UNFCCC — the Roadmap to Zero Emissions: The Built Environment in a
Global Transformation to Zero Emissions report — he demonstrated how a combination of reducing the built environment's
demand for
fossil fuel energy while increasing the world's supply of renewable energy sources will meet the Paris Agreement's long - term 1.5 °C goal.
Remember, this would be just to fulfill the new
demand for energy, not to displace the vast existing supply of energy from
fossil fuels, which currently supply 80 per cent of
global energy needs.
It is projected that — with current policy settings —
global energy
demand and associated supply patterns based on
fossil fuels — the main drivers of GHG emissions — will continue to grow.