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Tag: fossil fuel
Vast fossil fuel reserves 'must be left in the ground': Study
2015-01-08 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Japan Times: A third of the world`s oil reserves, half of gas reserves and 80 percent of current coal reserves should not be used in the coming decades if global warming is to stay below an agreed 2 degrees Celsius target, scientists said Wednesday. In a study published in the journal Nature, researchers said the vast majority of coal reserves in China, Russia and the United States should stay in the ground, as well as more than 260,000 million barrels of oil reserves in the Middle East, equivalent to all...
Climate change groups split on fossil fuel divestment
2015-01-05 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Financial Times: High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/5ca02a4c-8792-11e4-bc7c-00144feabdc0.html#ixzz3NxgXUUzX A rift is emerging among investors in some of the worlds biggest energy companies over a global campaign that aims to combat climate change by making fossil fuels as...
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United Kingdom: Fossil fuel investing risk to pension funds, says Ed Davey
2014-12-07 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Telegraph: Investing in fossil fuels is becoming increasingly risky because global action to tackle climate change will curb demand, forcing companies to leave unprofitable reserves in the ground, Ed Davey, the energy secretary, has warned. Financial authorities must examine the risks posed by coal, oil and gas companies to prevent pension funds investing in what could become "the sub-prime assets of the future', Mr Davey said. The comments are Mr Davey's first intervention into the debate over the "carbon...
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US can slash fossil fuel emissions by 85 percent by 2050, new study shows
2014-11-22 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
International Business Times: In Americas low-carbon future, most cars will run on electricity, carbon dioxide will be stored underground, and homes and buildings will be hyper-efficient, guzzling less energy even as the population grows. This is the vision of a new analysis that maps how the United States can drastically curb its greenhouse gas emissions by 2050. The plan, unveiled this week, is part of the United Nations' Deep Decarbonization Pathways Project, which aims to figure out how each country should act to limit...
IEA Warns Fossil Fuel Trends Dire On Eve Climate Pact
2014-11-12 22:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Central: The odds that any climate change agreement among the world's biggest greenhouse gas emitters will succeed became a little greater on Tuesday as China and the U.S. committed to slash carbon pollution in the coming decades. It was a critical move because the world's thirst for fossil fuels continues unabated even as wind, solar and other low-carbon energy sources are coming into their prime. The largest transformation in how people use energy across the globe by 2040 will be in the electric power...
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