Search Results for fuels
Liquid Biomass Instead of Fossil Fuels – A New Energy Landscape for Corsica
On Corsica, an island with over 350,000 inhabitants, an ambitious energy project promises to redefine the island’s energy dynamics and significantly reduce CO2 emissions. The French state-owned company EDF is launching the Ricanto bioenergy plant, a cutting-edge facility that will…
Why Aren’t We Reducing our Reliance on Fossil Fuels Faster?
The world must rapidly cut its greenhouse gas emissions. Remarkable progress has been made, especially in the adoption of renewable energy in the transport and energy sectors, but the change is not happening fast enough to meet global net-zero ambitions.…
Investment in Clean Energy This Year is Set to be Twice the Amount Going to Fossil Fuels
Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for clean technologies, according to a new IEA report.…
After Slight Rise In 2023, Methane Emissions From Fossil Fuels Are Set To Go Into Decline Soon
Methane emissions from the energy sector remained near a record high in 2023 – but substantial policies and regulations announced in recent months, as well as fresh pledges stemming from the COP28 climate summit in Dubai, have the potential to…
Governments plan to produce double the fossil fuels in 2030 than the 1.5°C warming limit allows
A major new report published today finds that governments plan to produce around 110 percent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69 percent more than would be consistent with 2°C. This comes…
Clean energy investment is extending its lead over fossil fuels, boosted by energy security strengths
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to a new IEA report. About USD 2.8 trillion…
Support for Fossil Fuels Almost Doubled in 2021, Slowing Progress Toward International Climate Goals, According to New Analysis From OECD and IEA
Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance long standing pledges to phase out inefficient fossil fuel subsidies with efforts to protect households from surging energy…