Page 6 - Fossil Fuel

Fund to compensate developing nations, climate finance key issues at COP28

The 28th round of the annual UN climate talks to be held in the United Arab Emirates (UAE) is anticipated to involve intense negotiations on compensation from rich countries to developing ones for climate impacts, fossil fuel usage, methane emissions, and financial aid for reducing planet-warming emissions and adapting to climate change. The urgency to take robust action to combat the climate crisis is increasing every moment. September marked the hottest recorded month ever, with global average temperatures reaching 1.8 degrees Celsius above the pre-industrial (1850-1900) levels. Across the globe, deadly heatwaves, droughts, wildfires, storms and floods are costing lives and livelihoods. Global carbon dioxide (CO2) emissions -- almost 90 per cent of which come from fossil fuels -- rose to record highs in 2021-2022. Here is an overview of the issues expected to dominate the negotiations at COP28, scheduled to be held at the Dubai Expo City from November 30 to December 12. LOSS AND

Statsguru: 6 charts show the clock is ticking on achieving climate goals

As the world races against the climate clock, COP28 has its task cut out

Fossil fuel lobbyists attended UN climate talks over 7,200 times: Report

Delegates with ties to the world's biggest polluting oil and gas firms have attended UN climate talks at least 7,200 times over the last 20 years, claims a coalition of civil society organisations. The analysis by the Kick Big Polluters Out (KBPO) coalition comes amid a controversy over the appointment of Sultan Al Jaber, the head of the state-run Abu Dhabi National Oil Company, as the president of the upcoming UN climate talks (COP28) in Dubai. Al Jaber has, however, argued that having the oil and gas industry at the table is essential. Citing data on the attendees, the coalition said it underscores how organisations from countries "that are most responsible for global emissions are dominating the climate talks, attempting to influence progress on climate action". "Since COP9 in 2003, employees of fossil fuel firms have attended negotiations a minimum of 945 times. Staff from the 'Big 5' oil giants ExxonMobil, Chevron, Shell, BP and TotalEnergies have been granted a minimum of 26

Clean energy overtakes fossil fuels in global job market: IEA report

Clean energy sectors added 4.7 million jobs globally, while fossil fuel jobs recovered more slowly after layoffs in 2020

Global fossil fuel production plans threaten climate goals: Report

Countries are planning to produce around 110 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees Celsius, according to a new report. This comes despite 151 countries having pledged to achieve net-zero emissions and the latest forecasts that suggest global coal, oil and gas demand will peak this decade, even without new policies. The Production Gap Report 2023 tracks the discrepancy between governments' planned fossil fuel production and global production levels consistent with limiting warming to 1.5 degrees Celsius or 2 degrees Celsius. The report says the near-term increase in coal production is led by India, followed by the Russian Federation, both planning significant increases in coal production through 2030. India aims for self-reliance and considers the coal industry of paramount importance for income and employment generation. Around one-fifth of India's coal demand is met through imports, which exposes the country to price ...

World on track to produce 110% more fossil fuels by 2030, says report

The report states that annual global coal production is projected to increase by 10 per cent between 2020 and 2030, with a near-term increase in production led by India, Indonesia, and Russia

Notable growth in coal sector due to rise in output of fossil fuel: Govt

The Centre on Thursday said the significant growth in the coal sector is due to a rise in production of the fossil fuel during September. The production of coal in September 2023 increased to 67.27 million tonne (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries for September 2023 released by Ministry of Commerce & Industries, the index of coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This is the highest growth in last 14 months except for August 2023, the coal ministry said in a statement. The latest data indicates that the combined index of eight core industries has shown a noteworthy increase of 8.1 per cent (provisional) in September 2023, compared to the same period in the previous year. The Centre has played a crucial role in driving this growth through various strategic initiatives like amendment of the Mines and Minerals (Development and Regulation) Act, 2021, allowing captive mines to sell coal or lignite

India can reduce fossil fuel dependence, cut import by $29 bn via biogas

Replacing natural gas consumption with biogas and biomethane incrementally to 20 per cent by 2030 can help India cut liquefied natural gas import bills by USD 29 billion between financial years 2025 and 2030, according to a new report. The report from the Institute for Energy Economics and Financial Analysis (IEEFA), underscores the environmental advantages of expanding biogas projects, including waste management, reduction of greenhouse gas (GHG) emissions, and enhanced renewable energy production. According to the report's author Purva Jain, an energy analyst at IEEFA, "Biogas has the potential to replace natural gas and other high-emission fossil fuels. By eliminating carbon dioxide (CO2) and impurities like hydrogen sulfide, its methane content can be upgraded to 90 per cent, making it calorifically equivalent to natural gas. This upgraded biogas, known as biomethane, is pipeline-ready and can be integrated into gas grids as a non-fossil gas, she said. "By adopting appropriate

Biden awards $7 bn for clean hydrogen hubs to replace fossil fuels in US

Clean-energy projects in seven states from Pennsylvania to California have been selected by the Biden administration for a USD 7 billion program to kickstart development and production of hydrogen fuel, a key component of President Joe Biden's agenda to slow climate change. His goal is to establish seven regional hydrogen hubs to help replace fossil fuels such as coal and oil with cleaner-burning hydrogen as an energy source for vehicles, manufacturing and generating electricity. Biden is expected to make the official announcement during an economic-themed visit to Philadelphia on Friday. The White House calls clean hydrogen essential to achieving the president's vision of a strong clean energy economy" and net-zero greenhouse gas emissions in the US by 2050. As a clean fuel, hydrogen complements the role played by other clean energy sources, like wind and solar, to help the US reduce emissions in energy-intensive sectors of the economy: steel and cement production, heavy-duty ...

Call for fossil fuel phase-out on global stocktake agenda: UN report

Calls to phase out unabated fossil fuels, reform subsidies on it and triple global renewable energy capacity may find their way into the outcome of the first-ever global stocktake, a periodic assessment of collective efforts to achieve the Paris Agreement goals. Initiated in Glasgow in 2021, the first-ever global stocktake will conclude at the annual climate talks (COP28) in Dubai in December. The United Nations Framework Convention on Climate Change (UNFCCC) recently released a report summarising submissions made by countries and non-party stakeholders regarding the political response to the global stocktake. "They will inform negotiations but there's no guarantee any particular element will make it into the final text. With that said, fossil fuel phase-out is prominently featured in this long list of possible decision elements," Natalie Jones, a policy advisor at climate policy think tank International Institute for Sustainable Development (IISD), said. According to the UNFCCC ..

Coal imports down 12% in Aug to 18.26 mn amid rise in domestic availability

India's coal imports declined 12.08 per cent to 18.26 million tonnes (MT) in August this year over the corresponding month of the previous fiscal. The country's import of fossil fuel stood at 20.77 MT in August last year. Overall coal imports during April to August also declined by 10.3 per cent to 103.93 MT, over 115.93 MT in the year-ago period, according to data compiled by mjunction services ltd. mjunction services ltd is a leading B2B e-commerce firm. Of the total imports in August, non-coking coal import was at 10.52 MT as against 13.85 MT a year ago. Coking coal import was at 4.62 MT, same as the volume reported in August of FY23. "There is a substantial drop in non-coking coal import (till August 2023) to the tune of around 20 MT. This has resulted from the increased domestic availability, which has gone up by around 10 per cent. We expect this trend to continue unless there is a sudden spurt in demand and significant softening in seaborne prices," mjunction MD & CEO ...

20% cars sold in metros run on alternate fuels; sales doubled in last 3 yrs

Given the growing acceptance of hybrid and electric vehicles, the combined share of diesel and petrol vehicles has taken a hit and gone down by 8.27% and 4.64% in urban and rural markets, respectively

Key emitter nations absent as attendees demand phase out of fossil fuel

United Nations Secretary-General Antonio Guterres' Climate Ambition Summit highlighted two key aspects: the conspicuous absence of leaders from major emitter nations and a unanimous call for phasing out fossil fuels by attending leaders. Guterres' "no-nonsense summit" on Wednesday came at a time when the world is reeling under the devastating impacts of climate change and probably the hottest year on record. However, leaders from some of the world's largest polluting nations, the US and China, were conspicuously absent from the summit Guterres called to reinvigorate efforts to combat the climate crisis. Notable omissions also included leaders from the UK, Japan, France and India. Among the top carbon emitters, only the European Union received an invitation. Ahead of the summit, Antonio Guterres had unveiled his Acceleration Agenda, saying only 'movers' and 'doers' would be allowed to attend. In a significant shift from the 2019 UN Climate Action Summit, this gathering saw nearly

Abatement tech can't be used to justify fossil fuel expansion: 17 countries

Leaders of 17 countries, including France, Chile and Kenya, have said that abatement technologies play a minimal role in decarbonising energy systems and cannot be used to justify the expansion of fossil fuels. These 17 nations are members of the High Ambition Coalition (HAC), a group of countries advocating for strong and ambitious action on climate change. In a joint statement released ahead of the United Nations Climate Ambition Summit on Wednesday, the leaders emphasised the need for systemic transformations across all economic sectors, driven by a "global phase-out of fossil fuels". They acknowledged that while abatement technologies have a role in reducing emissions, their impact on decarbonising energy systems is limited. "We cannot use it (abatement technologies) to green-light fossil fuel expansion," said the leaders representing Austria, Belgium, Chile, Colombia, Denmark, Micronesia, Finland, France, Iceland, Ireland, Kenya, Marshall Islands, the Netherlands, Palau, Spain

Global demand for fossil fuels to peak before 2030, says IEA director

Fatih Birol added that this is the first time that a peak in demand is visible for each fuel this decade, and it is earlier than most people anticipated

G20 aims to triple green energy capacity; no mention of fossil phase-out

G20 countries on Saturday said they will aim to triple global renewable energy capacity by 2030 and expedite efforts to phase down coal power in line with national circumstances but did not commit to a phase-out of all polluting fossil fuels, including oil and gas. The language on coal aligns with what was agreed upon in the previous G20 Summit in Bali, Indonesia. The bloc, which represents 85 per cent of the world's GDP and contributes 80 per cent of emissions, however, said it will uphold their 2009 promise made in Pittsburgh to eliminate and rationalise inefficient fossil fuel subsidies. According to a key technical report on the first-ever Global Stocktake published on Friday, scaling up renewable energy and phasing out unabated fossil fuels are indispensable elements of just energy transitions to net-zero emissions. The G20 is home to 93 per cent of the world's operating coal capacity (1,926 GW) and 88 per cent of (305 GW) the pre-construction coal capacity, according to a rep

G20 Summit 2023: What is the Global Biofuel Alliance launched today?

The main aim of GBA is to accelerate the transition to sustainable biofuels and reduce the world's dependence on traditional fossil fuels

World off track to curb global warming, but offers ways to fix: UN report

With the world far off track on its 2015 pledge to curb global warming, a new United Nations report central to upcoming climate negotiations details how quickly and deeply energy and financial systems must change to get back on a safer path. The window of opportunity to secure a livable and sustainable future for all is rapidly closing, Friday's report warned. The globe has to cut its emissions of heat-trapping gases by 43% by 2030, compared to 2019 levels, and 60% by 2035, the report said. To get there, the report said, the phase-out of unabated fossil fuels is required, using a phrase international climate negotiators have shied away from before. It also said phasing out the internal combustion engine would be a huge help. And the way money flows such as investments, subsidies, loans, grants and payments for people and places hurt by warming's extreme weather also has to change, the report recommended. It said countries need to stop USD 450 billion in annual subsidies for coal,

Fossil fuel use smudge G20 host India's green leadership ambitions

New Delhi frets over the risks that come with abandoning coal, a fuel regarded as cheap and readily available - at a time when energy security and cost concerns are paramount

G20 aims to triple renewables by 2030, gives caveat to fossil fuels

A spokesperson for India's renewable energy ministry declined to comment on the talks