A rapid reduction in demand for fossil fuels could see global economic losses of $1-4 trillion by 2035 according to a new report.
Energy efficiency and low carbon technology could cause the downturn, even if governments fail to take new steps to meet the Paris climate goals.
The resulting "carbon bubble" could #fossilfree#strandedassets #carbonbubble Read More
15 May 2018jeremyl News
The Spanish oil company “is the first among its peers” to do this, Bloomberg reports. Production will be limited to around current levels: around 700,000 to 750,000 barrels of oil equivalent a day. Reserves will be maintained at 8 years – less than the industry average.
Dong (Danish OIl and #carbonbubble#fossilfree#strandedassetsenergy transitionRepsol Read More
Promoting sustainable development and combating climate change have become integral aspects of energy planning, analysis and policy making. Because energy accounts for two-thirds of total greenhouse gas emissions and 80% of CO2, any effort to reduce emissions and mitigate climate change must include the energy sector.
For these reasons, it is #fossilfree#keepitinthegroundClean EnergyFossil Fuel SubsidiesG7G7 SummitIEAIRENATrudeau Read More