Sentences with phrase «low price of fossil fuel»

A new study from the US Government Accountability Office (GAO) concludes that the Renewable Fuel Standard program will miss its advanced biofuel targets due to the the high costs of creating advanced biofuel; the relatively low price of fossil fuel; the timing and cost to bring new tech to commercial - scale... Read more →

Not exact matches

The United Arab Emirates» energy giant is seeking to boost profitability and gain access to new markets during a period of prolonged low oil prices that has piled pressure on nations dependent on revenue from fossil fuel.

«The carbon floor price mechanism presents an excellent opportunity to raise finance to support a new generation of low carbon fossil fuel electricity generation, using carbon capture and storage (CCS).

And low prices are also putting a dent into the budget of the New York Power Authority, which sells electricity from the state's massive hydropower system along the Niagara and St. Lawrence rivers, and from several smaller downstate fossil fuel power plants.

The low price and abundance of fossil fuels prevents a lot of companies from investing in the expensive trial and error process of researching new catalysts.

Perhaps low oil prices are a practice run for life under climate change, when fossil fuels have to be forsaken, driving down their prices and driving companies to produce cleaner forms of energy.

But those barbs have been largely absent, perhaps in part because the price of gasoline is low, giving traditional Republican attacks around Democrats» fossil fuel policies less momentum, Taylor said.

Is the «business as usual» approach — subsidizing fossil - fuel supply and nuclear energy and large hydro projects, maintaining low energy prices to consumers by keeping environmental and political costs «external,» propping up oil supply by every available means — part of the solution or part of the problem?

Less commonly, countries spoke of reducing the use of inefficient coal - fired power plants, lowering methane emissions from oil and gas production, reforming fossil fuel subsidies, and carbon pricing, the report says.

Combinations of high gas prices and significantly lower capital costs could make nuclear plants competitive with fossil fuel plants, but the bottom line is that in the current economic climate, commercial nuclear generation is not even close to being competitive with fossil - fueled plants and there is no easy path to a competitive market for new nuclear plants.

Low fuel prices have some buyers eyeing bigger cars and trucks, but savvy owners know plentiful gas isn't forever and many parts of the world will tax the heck out of fossil fuels out of concerns over global warming.

Of course, in the long run, «all of the above» just leads to lower energy prices which leads to greater consumption of fossil fuelOf course, in the long run, «all of the above» just leads to lower energy prices which leads to greater consumption of fossil fuelof the above» just leads to lower energy prices which leads to greater consumption of fossil fuelof fossil fuels.

Most of the world is not going to move easily toward a world of lower fossil fuel consumption unless there are either considerable incentives to do so or considerable prices to be paid if they don't (or some combination of the two).

The collapse in the oil price to 12 - year lows and bankruptcies in the coal sector underscore the risk of «financial stranding» and signals that fossil fuel companies need to accept that they are ex-growth stocks and must urgently re-assess their business models accordingly.

Low fossil fuel prices tend to hurt the economic viability of low - carbon energy alternatives, and thus are generally regarded as a negative development in the fight against climate chanLow fossil fuel prices tend to hurt the economic viability of low - carbon energy alternatives, and thus are generally regarded as a negative development in the fight against climate chanlow - carbon energy alternatives, and thus are generally regarded as a negative development in the fight against climate change.

«Along with new policies that spur competition in several other countries, this Chinese dynamic has led to record - low announced prices of solar PV and onshore wind, which are now comparable or even lower than new - built fossil fuel alternatives.

In particular, reducing domestic demand for fossil fuels would lower the price of those fuels in other countries, thereby increasing their use in those countries.

Despite that, Saudi Arabia scaled back some fossil fuel consumption subsidies that artificially lowered the price of fuel for its citizens, increasing its country's gasoline prices by 50 percent last year.

Empirically, as of 2015, low fossil fuel prices are due mostly to market manipulation, and will end when the Saudis decide to quit subsidizing global consumption (esp of oil).

Moreover, they drive climate change by encouraging the consumption of polluting fuels while tilting the playing field against renewable power and energy efficiency: Fossil - fuel subsidies are five times greater than renewable energy subsidies, and they inflate domestic demand and discourage energy efficiency through artificially low energy prices, undermining the energy security of fossil - fuel importing counFossil - fuel subsidies are five times greater than renewable energy subsidies, and they inflate domestic demand and discourage energy efficiency through artificially low energy prices, undermining the energy security of fossil - fuel importing counfossil - fuel importing countries.

Fossil fuel plant needs to transition into the role of backup to low emissions generation and the market emergent de-facto carbon price increasing intermittency brings to a fossil fuel dominated grid needs to be used intelligently as the incentive it is to drive time shifting of demand, efficiency and investment in emerging storage technolFossil fuel plant needs to transition into the role of backup to low emissions generation and the market emergent de-facto carbon price increasing intermittency brings to a fossil fuel dominated grid needs to be used intelligently as the incentive it is to drive time shifting of demand, efficiency and investment in emerging storage technolfossil fuel dominated grid needs to be used intelligently as the incentive it is to drive time shifting of demand, efficiency and investment in emerging storage technologies.

New York / London, April 23 — The Carbon Tracker Initiative and Energy Transition Advisors today jointly publish a «blueprint» showing the benefit of fossil fuel companies stress testing their businesses using a set of low carbon, low price scenarios.

Lower natural gas prices resulted in reduced levels of coal generation, and increased natural gas generation — a less carbon - intensive fuel for power generation, which shifted power generation from the most carbon - intensive fossil fuel (coal) to the least carbon - intensive fossil fuel (natural gas).

In any event, we no longer need to go slow: In the last few years, engineers have brought the price of renewables so low that, according to many experts, it would make economic sense to switch over even if fossil fuels weren't wrecking the Earth.

We don't know whether what you claim are benefits of «cheap» fossil fuels can really be attributed to their low cost or not, as we can't go back and check on every case as its price impacts work their way through the economy, nor can we speculate about foregone benefits, or whether the benefits are due to the artificially reduced price of burning carbon or whether people would enjoy them (or even greater benefits) in a fair market, except by examining by Capitalist analysis.

Despite that, Saudi Arabia scaled back some fossil fuel consumption subsidies that artificially lowered the price of fuel for its citizens, increasing its country's gasoline prices by 50 percent.

Is there a way to calculate the value of the long term availability of nuclear, it's fuel availability, fuel price stability relative to fossil fuels, low carbon emissions, and steady supply of power?

«Drillers fear that federal protections for more threatened and endangered animals could drive up their costs at a time when the industry is already battered by low oil prices, growing competition from renewable energy, and increasing attention from investors and regulators over the climate - altering impacts of fossil fuels,» DeSmog's Sharon Kelly wrote.

Despite record low oil and fossil fuel prices, renewable, clean energy has continued it's relentless march down the cost curve providing some of the lowest cost electricity anywhere.

It is somewhat bizarre though — we had a process of bidding down the prices of fossil fuels, to settle at a new lower level where no - one was disadvantaged.

Plus, a price on carbon simply serves to raise the cost of fossil fuel energy and does nothing to lower the costs of alternative energy sources.

The idea is, if we allow oil and gas corporations to exploit our land and water to extract fossil fuels, it will benefit the average citizen by lowering energy prices and reducing dependence of «foreign» energy supplies.

He said the lower oil price might spur the use of fossil fuels but could also make it «more politically palatable» for some countries to cut fossil fuel subsidies.

An ambitious set of policy measures, including the rapid phase out of fossil fuel subsidies, CO2 prices rising to unprecedented levels, extensive energy market reforms, and stringent low - carbon and energy efficiency mandates would be needed to achieve this transition.

Analysis in the new WEO - 2017 showed that for the first time the largest share of global subsidies that benefit fossil fuel consumption went to keep electricity prices artificially low (41 % of the global total), ahead of oil (40 %) and natural gas.

However, reducing the demand for fossil fuels on the other hand would lower the price of oil and put a cap on tar sand production.

There are some other subsidies that are not captured by the price - gap approach, such as those to support production of fossil fuel, fuel vouchers or other payments directly paid to low - income households.

This can occur through (1) relocation of energy - intensive production in non-constrained regions; (2) increased consumption of fossil fuels in these regions through decline in the international price of oil and gas triggered by lower demand for these energies; and (3) changes in incomes (thus in energy demand) because of better terms of trade.

These equity concerns include: the regressive impact of potential energy price increases on low - income households; the potential for carbon pricing policies to allow some fossil fuel - fired power plants or refineries to continue to operate and emit air and water pollutants in neighborhoods already burdened by pollution; and the economic hardship to workers and communities dependent on fossil fuel industries for livelihoods or for their tax base as we transition away from these resources.

The Fine Print Despite all of this real world progress, the Lima text failed to take obvious steps to incentivize the transition to a clean energy future, steps like putting a price on carbon, eliminating perverse fossil fuel subsidies and increasing support for developing countries to leapfrog to modern, low - carbon economies.

For example, in the IEA report that Chevron cites frequently, stranded assets are «capital investment in fossil - fuel infrastructure that ends up failing to be recovered over the operating lifetime of the asset because of reduced demand or lower prices resulting from climate policy» [3].

Subsidies Not Going To Those That Need It Most As for the concern that in many developing nations keeping energy prices artificially low is needed to help raise people out of poverty, Birol noted that just 8 % of fossil fuel subsidies in 2010 went to the poorest 20 % of people.

Furthermore, an estimated 11 - 18 % of global fossil fuel subsidies don't go towards directly lowering the prices that consumers pay, instead occurring in the form of tax breaks for fossil fuel companies and other forms of indirect support for industry.

The main reason is that emerging economies like China currently use energy fairly inefficiently, partly as a result of national policies that have kept the prices of fossil fuels very low, and could thus achieve large energy savings at a modest cost.

Earlier in the week, Mr Huhne had commented that energy prices in France were rising more slowly than in the UK because of much lower French dependence on fossil fuels for electricity generation.

With low maintenance and replacement costs, he believes the system will significantly reduce the cost of solar energy from the current price of around $ 4 per watt of installed capacity to levels where is competes directly with fossil fuel - based energy sources.

These sources of energy are becoming cost effective with fossil fuels (although the price of a barrel of oil fluctuates considerably, and is currently quite low).