Tag "fossil fuels"

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World Bank to stop funding oil and gas projects

The President for the World Bank, Jim Yong Kim, said December 12th the institution will stop all lending for oil and gas projects after 2019, with the exception of certain gas projects in the poorest countries facing exceptional circumstances. Even

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Global shifts in the energy system

Four large-scale shifts in the global energy system set the scene for the World Energy Outlook 2017: the rapid deployment and falling costs of clean energy technologies, the growing electrification of energy, the shift to a more services-oriented economy and

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World petrol demand ‘likely to peak by 2030 as electric car sales rise’

World petrol demand will peak within 13 years thanks to the impact of electric cars and more efficient engines, energy experts have predicted. UK-based Wood Mackenzie said it expected the take-up of electric vehicles to cut gasoline demand significantly, particularly

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Renewable energy use in Europe, America and the world

The current climate crisis is one of the gravest dangers to our planet as we know it. Sea levels are rising higher and higher each year. Temperatures are hotter than ever before. Glaciers have shrunk to record levels. For our

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For the first time in history, energy demand will peak

When a company like DNV GL makes projections of our energy future, this carries some weight. The company employs some 3400 energy experts, who are active across the entire energy value chain, from generation, transmission and distribution to sustainable use,

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Young people don’t want to work for oil companies

Sixty-two percent of teens ages 16 to 19 say a career in oil and gas is unappealing, according to a survey of 1,200 young Americans that was released by Ernst & Young. That includes 39% who say the industry is

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World’s biggest coal company closes 37 mines as solar power’s influence grows

The largest coal mining company in the world has announced it will close 37 mines because they are no longer economically viable. Coal India, which produces around 82 per cent of India’s coal, said the mines would be decommissioned by

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Talk is cheap: how G20 governments are financing climate disaster

The best available science shows an urgent need to keep global temperature increases below 1.5°C to avoid severe disruptions to people and ecosystems. Recent analysis shows that burning the reserves in already operating oil and gas fields alone, even if

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Saving lives and money: the potential of solar to replace coal

By swapping solar photovoltaics for coal, the US could prevent 51,999 premature deaths a year, potentially making as much as $2.5 million for each life saved. In a new study published in Renewable & Sustainable Energy Reviews, a team from

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Renewables will kill coal faster than you think

Solar power, once so costly it only made economic sense in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than previously forecast. That’s the conclusion of a Bloomberg New Energy

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