Fossil fuels

The COVID-19 Pandemic Throws Oil and Coal Industries in a Tailspin

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(This post was published earlier this year on Medium. Sorry for the lack of content this year. Hopefully, 2021 will bring more exciting stories and analysis…) The ongoing COVID-19 pandemic has brought our global economy to a standstill, with fears of the worst recession since 1929. Over 26 millions have already lost their jobs in … Read more

Global coal and oil use to peak in 2020

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That’s it ! Renewable energy sources and electric vehicles are progressing so fast around the world that according to a new study coal and oil use could peak worldwide in as little as three years.

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Reasons to remain hopeful for the climate

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Further to the election in the United States, a lot of people are fearing that this may be a death blow to global climate change mitigation efforts.

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Costa Rican electricity was 100 percent renewables for 113 days

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Another world is possible. It is always a question of public willingness. The latest example of this is Costa Rica – 4.9 million inhabitants strong – which ran for almost four months on a hundred percent renewable electricity.

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2015 was another record year for renewables

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According to two recent studies, 2015 was yet another record year for renewable energy sources as no less than $285.9 billion (256 billion euros) have been invested in that sector last year. 

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The European Union already cut its emissions by 23 percent

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While the European Union officials – not ” leaders ” – keep on clinging to 20 % emissions reductions by 2020, the Union has already slashed its emissions by 23 percent. This is taking place ahead of the Paris Climate Conference later this year.

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Shell withdraws from the Arctic

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This is such a huge win for the environment and such a huge loss for oil companies, especially Shell. The company announced recently that it was withdrawing its oil platform from the Arctic, where it was drilling for oil.

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Saudi Arabia is planning its fossil fuels’ exit by 2050

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While the G7 Nations are thinking about whining themselves off fossil fuels by the end of the century and while some – most ? – oil companies are not really diversifying themselves, Saudi Arabia is planning its fossil fuels’ exit by 2040 or 2050.

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G7 Nations to decarbonize their economies

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Now these are great news but there is a major catch, or perhaps two… The first one the date : by 2100, as in 85 years… The second one, they didn’t say even how they would cut emissions. 

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Fossil fuels subsidies are worth $5.3 trillion

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$5.3 trillion (or 4.7 trillion euros) : those are staggering figures as they amount to $10 million every single minute. The figures come from the International Monetary Fund, so one can be pretty sure of them. 

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