Fossil Fuel
Exposing The Cons Of Fossil Fuels
Fossil fuels dominate the global energy mix yet have many cons that make them ill-suited for long-term use. Our existing reliance on fossil fuels is a significant social, economic and environmental risk. Renewable sources provide a sustainable long-term alternative.
When Will Fossil Fuels Run Out?
Fossil fuels are finite, and the world's reserves are running out. This is primarily driven by the world's continuously growing demand for energy. Renewable energy adoption must be expedited to fill this energy gap and speed up the transition from fossil fuels.
The Advantages and Disadvantages of Nuclear Energy
Nuclear energy has recently gained more attention after its slowdown in the early 2000s. However, nuclear energy still presents many challenges, making renewables like solar and wind the better long-term energy solution.
What Asia’s Financial Industry Can Learn From Europe’s Climate Leadership
Through regulatory intervention and voluntary action, the EU and its financial industry are leaving the fossil fuel era behind. While Asian banks and investors remain deeply entrenched in coal, oil, and gas, in the potential absence of the US, they can lead global climate action alongside Europe.
What a Donald Trump Presidency Means For Global Action Against Climate Change
Trump’s win comes as a breath of fresh air to the fossil fuel industry. For many climate scientists and activists, it is no longer a question of whether the global climate crisis will get worse but how worse it will get. The new reality highlights the importance of climate multilateralism, where the EU, China and other nations take the lead.
How the 2024 US Presidential Election Might Change America’s Climate Policy
On Nov. 5, US voters will elect Kamala Harris or Donald Trump as their next president. Aside from the global geopolitical stage, the outcome will also significantly impact the world's decarbonisation journey, the prospects of achieving Paris Agreement goals and the efforts to tame the climate crisis.
Are Carbon Offsets a Scam? A Deeper Look
There is growing scrutiny around the legitimacy of carbon credits. Several high-profile carbon credit scams have come to light in the last several years, undermining the trust in the market. However, carbon credits are an essential tool for decarbonisation, and further oversight is necessary to maintain their value.
What is Carbon Credit Fraud? How Does It Impact Climate Action?
Carbon credit fraud undermines the integrity and effectiveness of the carbon credit market, which is crucial for global decarbonisation efforts. Stricter regulations, improved verification processes and greater transparency are needed to ensure the market's role in mitigating climate change.
Why Are Carbon Credits Bad? The Hidden Dangers of Carbon Credits
The carbon credit market is booming, but many experts believe it has several critical failures that reduce credit effectiveness. With foundational changes, the market can navigate these risks and be a valuable tool for decarbonisation.
Does Carbon Offsetting Work?
Carbon offsets are becoming essential to corporate decarbonisation, yet their impact in reducing emissions is highly debated. There is mounting evidence that the environmental benefits of a large portion of offsets sold on the market are exaggerated or worthless. However, with proper oversight and management, offsets can be critical in combatting unavoidable emissions.
The State of Fossil Fuel Funding in 2024: The Biggest Corporate and State Backers
While unbearable heatwaves, catastrophic floods, and other devastating climate impacts are multiplying in frequency and severity, experts reveal that the top 60 largest private banks have provided USD 6.9 trillion to fossil fuels since the Paris Agreement.
Steel Decarbonisation: A Pathway To Development
Decarbonising the steel industry is necessary for global climate goals and hinges on scaling up low-emissions production technologies, like renewable energy-powered EAFs and green hydrogen. An improved policy framework and industry support are critical for this shift.
ASEAN Countries Do Not Yet Have a “Young” Coal Power Plant Problem [Op-Ed]
The recommended pathway to limit the global temperature increase to below 1.5°C is for developed countries to phase out coal power generation by 2030, while developing countries should do so by 2040. Hozefa Merchant shares his view on the challenges of transitioning from coal to clean energy should the region add new coal capacity.
Investors Pulling Out of the Barossa Gas Project Adds to the Uncertainty
Since its announcement, the Barossa gas project has made the news due to legal disputes over its environmental impact, delays, and rising project costs. In the latest blow, prominent investors and financiers are pulling out their support for the project, leaving question marks about the project's future financing and completion.
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