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Tag: fossil fuel
Why the 2035 Zero-Emission Car Target Is Crucial
1. Why is it important for the climate, the economy and jobs in Europe?Economy and jobsMaintaining the ambition of the EU car CO2 standards, including the 2035 100 percent zero emission target...
Financing the Energy Sector – The Debt-Equity Relationship
The answer to who holds the largest share of investments is corporations. However, households and governments also play a crucial role in this regard. Specifically, households have significantly increased their participation since...
Rapid rollout of clean technologies makes energy cheaper, not more costly
Speeding up the move to clean energy technologies improves the affordability of energy and can relieve pressures on the cost of living more broadly, according to a new IEA special report released...
Can Heavy Industry Rely on Solar Energy?
The decarbonization of heavy industry is one of the biggest challenges in fighting climate change because this sector consumes huge amounts of energy. For this reason, the use of fossil fuels is...
Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of...
Transition to Renewables Calls for New Approach to Energy Security
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published today.
Geopolitics...
The Sustainable Development Crisis – How Big is the Financial Gap in Accomplishing the SDGs?
The entire planet strives to meet the Sustainable Development Goals (SDGs). However, the latest United Nations report indicates that countries are not moving well enough towards the 2030 Agenda for Sustainable Development....
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...
Record Growth in Renewables, but Progress Needs to be Equitable
Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity...
FUNDAMENTAL BUSINESS STRATEGIES TO A FASTER SUSTAINABLE DEVELOPMENT
Sustainable business is a relatively new, very sensitive and changing topic. Different companies throughout the supply chain and in different fields have different views of what is sustainable for them and what...
Massive expansion of renewable power opens door to achieving global tripling goal set at COP28
The world’s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling global capacity...
HOW TO PROPERLY MANAGE ENERGY CONSUMPTION
The fifteenth consecutive international conference IEEE PES PowerTech Belgrade 2023, held in Belgrade in late June, gathered around 600 participants—academic lecturers, well-known researchers in the field of power engineering, managers, and leaders...
Enhancing infrastructure can help boost Denmark’s clean energy investment
Denmark’s energy and climate ambition in sectors such offshore wind, biomethane and district heating are transforming the country’s energy system and reinforcing its image as a clean energy leader toward net zero...
Greenhouse Gas concentrations hit record high. Again.
The abundance of heat-trapping greenhouse gases in the atmosphere once again reached a new record last year and there is no end in sight to the rising trend, according to a new...
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...
Urgent action to cut methane emissions from fossil fuel operations essential to achieve global climate targets
Decisive, far-reaching efforts to cut methane emissions from fossil fuel production and use must go hand-in-hand with decarbonisation of our energy systems to limit global warming to 1.5 °C, according to a...
