fossil fuels
India Predicts It Will Exceed Paris Renewable Energy Target by Half
The Indian government has forecast that it will exceed the renewable energy targets set in Paris last year by nearly half and do so three years ahead of schedule. The prediction, announced this week in a draft 10-year energy blueprint…
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision. Barack Obama has permanently banned new oil and gas drilling in most US-owned waters…
No, Coal Isn’t Coming Back: the Reasons in 5 Charts
The coal industry is on the decline, but the reason for that decline has become a subject of political debate. Supporters of fossil fuels blame the energy policies of the outgoing Obama Administration, claiming the emphasis on renewable energy and…
Fossil Fuel Divestment Pledges Top $5tr, as Investors ‘Fast Losing Faith’ in High Carbon Assets
The anniversary of the Paris Agreement was marked today with the release of a new report, revealing companies and individuals with nearly $5.2tr of assets under management have now pledged to divest from fossil fuels. The analysis from impact investing…
Renewable energy’s next frontier: heat
While energy use is commonly associated with lighting or transportation, more than half of the world’s energy consumption serves a simple function: heating things. This ranges from heating homes and buildings, to firing up industrial production, or even cooking. And…
Shell to Link Executive Bonuses to Greenhouse Gas Emissions
Shell, Europe’s largest oil company, has unveiled plans to link a slice of executive bonuses to its performance in curbing greenhouse gas emissions in response to shareholder pressure for it to better prepare for the low-carbon transition. Shell’s chief executive…
Cities Are Crucial to the Future of Energy
Last month, politicians, energy executives, and energy experts met in Istanbul for the 23rd World Energy Congress. A new report written by Arup for the congress outlines that although cities consume the majority of the world’s energy and house the…