fossil fuels Archives - Positive News Good journalism about good things Wed, 20 Dec 2023 10:55:48 +0000 en-US hourly 1 https://www.positive.news/wp-content/uploads/2018/08/cropped-P.N_Icon_Navy-32x32.png fossil fuels Archives - Positive News 32 32 What went right this week: a ‘landmark’ climate deal, plus more https://www.positive.news/society/good-news-stories-from-week-50-of-2023/ Fri, 15 Dec 2023 05:00:13 +0000 https://www.positive.news/?p=461951 A ‘landmark’ climate deal was struck, a species came back from extinction, and New York teens got free therapy, plus more good news

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Imagine if… green energy brings down big oil (plus, how it could happen) https://www.positive.news/environment/imagine-if-green-energy-brings-down-big-oil/ Tue, 12 Sep 2023 08:58:08 +0000 https://www.positive.news/?p=446041 It’s 2050. Big oil has gone bust and we managed to stabilise the climate. Fantasy or near-future reality? We find out

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What went right this week: Apple’s welcome U-turn, ‘collapsing’ fossil fuels, and more https://www.positive.news/society/good-news-stories-from-week-35-of-2023/ Thu, 31 Aug 2023 16:37:11 +0000 https://www.positive.news/?p=446058 Fossil fuel burning ‘collapsed’ in the EU, the right to repair movement got a boost, and an ‘extinct’ bird returned, plus more

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European Investment Bank to end fossil fuel funding https://www.positive.news/environment/european-investment-bank-to-end-fossil-fuel-funding/ Thu, 21 Nov 2019 15:05:03 +0000 https://www.positive.news/?p=264196 The EU’s investment arm will cease its support for coal, oil or gas projects after 2021

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Fracking suspended across England in major government U-turn https://www.positive.news/environment/fracking-suspended-across-england-in-major-government-u-turn/ Sat, 02 Nov 2019 07:47:46 +0000 https://www.positive.news/?p=253463 In a victory for green and grassroots groups, the UK government has called a halt to fracking in England amid fears about earthquakes

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Ireland makes history as the first country to divest from fossil fuels https://www.positive.news/environment/ireland-makes-history-as-the-first-country-to-divest-from-fossil-fuels/ https://www.positive.news/environment/ireland-makes-history-as-the-first-country-to-divest-from-fossil-fuels/#respond Fri, 13 Jul 2018 13:17:11 +0000 https://www.positive.news/?p=33735 Ireland is set to become the first country in the world to divest public money from fossil fuel assets following a landmark vote in the Dáil this week

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Could we beat global warming? 5 megatrends to look out for https://www.positive.news/environment/could-we-beat-global-warming-5-megatrends-to-look-out-for/ Wed, 04 Apr 2018 15:38:17 +0000 https://www.positive.news/?p=32223 The news when it comes to climate change isn’t exclusively catastrophic. Quick-developing global megatrends suggest the fight is not over yet

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The news when it comes to climate change isn’t exclusively catastrophic. Quick-developing global megatrends suggest the fight is not over yet

 

1. The rapid renewables boom

Rapidly declining production costs for solar panels and wind turbines – costs have dropped 90 per cent in the past 10 years for solar for example – mean that renewable energy is often now the cheapest form available in many parts of the world. Bear in mind that two-thirds of all new power in 2016 was renewable, and growth has been exponential, much quicker than most people anticipated.

2. Plugging away: electric cars

Electric cars are now being made for the mass market. Concern over air pollution in urban areas is helping fuel a surging market for battery-powered cars, and China is out in front. The country shifts as many electric cars each month as the US and Europe combined. Almost all the major carmakers have now committed to make electric vehicles too, or end production of purely fossil-fuelled cars.

3. The colossal fossil demise

Experts have been stunned by how quickly coal has fallen out of favour. They now think production peaked in 2013. Also in 2013, the International Energy Agency predicted that coal-burning would be up 40 per cent by 2040. But now it expects a rise of just 1 per cent. Analysts are now eyeing another tipping point: when renewables cost less to build than it costs to run existing coal plants.

4. More in store: batteries

Prices for lithium-ion batteries have dropped by 75 per cent in six years and the International Renewable Energy Agency predicts further falls. Batteries, by storing energy when the sun isn’t shining or the wind blowing, will help renewable energy reach its full potential. For storage over the longer term – weeks and months – long-distance electricity interconnectors are being built.

5. Potent progress: energy efficiency

Though it’s tricky to motivate the masses to improve energy efficiency, progress is being made. Data shows that efficiency in homes, transport and industry in the EU, for example, has improved by around a fifth since 2000. Boosting standards around the efficiency of appliances is significant: a UN Environment Programme report shows it makes one of the biggest impacts of any single action.

Illustration: Rita Peres Pereira

Read more: ‘Can we save the planet? We must be relentlessly optimistic’


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Who’s stepping away from fossil fuels? Divestment in numbers https://www.positive.news/economics/whos-stepping-away-fossil-fuels-divestment-numbers/ https://www.positive.news/economics/whos-stepping-away-fossil-fuels-divestment-numbers/#comments Mon, 28 Nov 2016 11:53:09 +0000 https://www.positive.news/?p=24222 The global divestment campaign, urging people to move their money out of oil, coal and gas companies, has gained momentum. Here are some key figures

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The global divestment campaign, urging people to move their money out of oil, coal and gas companies, has gained momentum. Here are some key figures

We know that so far…

13 UK universities have fully divested from fossil fuels

and…

$5.2bn (£3.9bn) has been divested by more than 50,000 people around the world

However…

1/3 of known oil reserves must be left untouched if we are to remain below an already dangerous 2C global rise in temperatures

4/5 of coal reserves must be left untouched if we are to remain below an already dangerous 2C global rise in temperatures

and…

1/2 of all gas reserves must be left untouched if we are to remain below an already dangerous 2C global rise in temperaturesdivestment-figures6

Read our article on how divestment is helping refuel progress here.

Main image: ‘UNSW students call on their university to divest from fossil fuels’ Kate Ausburn
Graphics: Studio Blackburn

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Refuelling progress: divestment in fossil fuels gathers pace https://www.positive.news/economics/refuelling-progress-divestment-fossil-fuels-gathers-pace/ https://www.positive.news/economics/refuelling-progress-divestment-fossil-fuels-gathers-pace/#comments Fri, 25 Nov 2016 09:50:26 +0000 https://www.positive.news/?p=24125 We revisit the divestment movement. What progress has been made?

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We revisit the divestment movement. What progress has been made?

The global fossil fuel divestment campaign – a bid to urge institutions to move their money out of oil, coal and gas companies – has gained momentum.

In October 2014, when we first reported on the movement, a handful of universities had transferred their assets and Oxford had become the first UK city to divest. There has since been a wave of divestment commitments from major European cities including Paris, Copenhagen, Berlin, Stockholm and Oslo.

The mayor of London, Sadiq Khan, has promised to “take all possible steps” to divest the city’s £4.8bn pension fund after his predecessor Boris Johnson refused to do so. The mayor of Amsterdam has also urged the Dutch national pension fund to halt investments in coal, oil and gas.

According to environmental campaign organisation 350.org, faith groups are responsible for a quarter of divestments to date. June saw the world’s first mayor joint Catholic divestment, when four Catholic organisations in Australia announced they were breaking ties with fossil fuel companies. Those at 350.org estimate the current global value of divestments made by all institutions, ranging from governmental organisations and NGOs to schools, to be around $3.4tn (£2.56tn).

But it is about more than the financial impact on companies, says Melanie Mattauch of 350.org Europe: “Divestment aims to bankrupt the fossil fuel companies morally, thereby weakening their political influence and creating the space for meaningful action on climate change.”

Following public pressure, the Bill and Melinda Gates Foundation sold off its entire $186m (£140m) stake in BP, after having previously dumped its near $825m (£620m) interest in ExxonMobil in early 2015. The foundation has shrunk its total holdings in fossil fuel companies by 85 per cent since 2014.

Not with my money: divestment in history

Recent history holds examples of a handful of successful divestment campaigns, including those targeting violence in Darfur and tobacco advertising. But the largest so far focused on South African apartheid. Divestment from all over the world, including 90 cities and 150 universities and colleges in the US, heavily dented the multinationals that did business in the troubled country. This, in turn, helped weaken the apartheid government.

Main image: Saskia Uppenkamp

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Atlantic drilling ban a ‘win’ for climate https://www.positive.news/environment/energy/atlantic-drilling-ban-win-climate/ https://www.positive.news/environment/energy/atlantic-drilling-ban-win-climate/#respond Thu, 05 May 2016 13:54:08 +0000 https://www.positive.news/?p=21199 President Obama’s ban on oil and gas drilling on the Atlantic coast is part of a wider shift away from fossil fuels, signalling strong action on climate action, according to campaigners

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President Obama’s ban on oil and gas drilling on the Atlantic coast is part of a wider shift away from fossil fuels, signalling strong action on climate action, according to campaigners

Plans to allow oil and gas drilling along the US Atlantic coast have been abandoned in a policy reversal hailed as a major victory for the environment.

Community opposition, competing military operations, market concern and president Obama’s desire to leave a positive legacy were all influencers for the March decision. Environmentalists welcomed the change in policy, which relates to the next round of offshore energy leases running from 2017 to 2022. Jacqueline Savitz, US vice president for international ocean conservation group Oceana, said: “President Obama has taken a giant step for our oceans, for coastal economies and for mitigating climate change. This is a courageous decision that begins the shift to a new energy paradigm, where clean energy replaces fossil fuels.”

This is a courageous decision that begins the shift to a new energy paradigm, where clean energy replaces fossil fuels

The reversal follows president Obama’s decision in November to reject the Keystone XL Pipeline from Canada to Nebraska that had become a symbol of the fight against climate change. Just a month later, nearly 200 countries agreed a deal at the Paris climate change summit, aiming to limit the rise in global temperature to “well below” 2C. While the deal marked a significant step forward for international negotiations, only elements of it are legally binding, and some scientists warn it needs to be strengthened. In March, the International Energy Agency published preliminary data giving further grounds for optimism; it showed that global energy-related carbon dioxide emissions stayed flat in 2015 as the global economy grew by more than three per cent, the second year in a row of such ‘decoupling’.

Rodrigo Estrada of Greenpeace USA cautioned that, despite the breaking of the link between growth and CO2, damaging emissions from US oil and gas drilling had been rising. But he called the Atlantic drilling ban “a victory for coastal communities and our climate” and said it was an example of how grassroots campaigners can influence policy.

In January 2015, the US government had proposed to auction offshore oil and gas drilling rights covering up to 104 million acres of Atlantic waters running from Virginia to Georgia. It has left open the possibility of drilling at three locations in the Alaskan Arctic and in the Gulf of Mexico. Campaigners continue to press for a total Arctic ban.

Photo: Gentoo penguins at Stromness Harbour (South Georgia) in the Atlantic Ocean. Credit: Markus Mauthe/Greenpeace

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