Page 2 - Fossil Fuel

A global plastics treaty is coming; Everything about it yet to be decided

Plastics industry groups have called for a focus on recycling

EVs lead climate tech funding but more needed for niche solutions: Experts

Climate tech start-ups traditionally require longer gestation periods due to which the sector has not generated strong commercial returns recently

COP27 fails to turn off the oil tap as global production hits all-time high

The latest global climate summit has failed to even mention the reduction of fossil fuel usage, a key demand from India, in the final agreement text at Egypt

COP27 summit 2022: Informal draft has little new for poor nations

Sticks to coal phase-down, seeks 'phase out and rationalisation' of fossil fuel subsidies

COP27 draft text omits India's proposal of phasing down all fossil fuels

The United Nations published a first draft of the climate deal on Thursday and it doesn't mention a phase down of all fossil fuels, a proposal that was put forward by India and supported by the European Union and many other countries. The draft encourages "the continued efforts to accelerate measures towards the phase down of unabated coal power and phase out and rationalize inefficient fossil fuel subsidies, in line with national circumstances and recognizing the need for support towards just transitions". Nearly the same language was used in the Glasgow Climate Pact last year. When contacted, a spokesperson of the Environment Ministry said the Indian negotiators do not wish to comment "as negotiations are going on". The cover text also doesn't mention when a loss and damage finance facility will be launched and what its contours will be. Poor and developing countries have demanded that the COP27 concludes with a decision to launch a fund to address loss and damage -- a term used

No sector, fuel source should be singled out for action: India at COP27

No sector, fuel source or gas should be singled out for action in the fight against climate change, Environment Minister Bhupender Yadav has said at the UN climate summit in Egypt. India had proposed on Saturday that the talks wrap up with a decision to "phase down all fossil fuels". The call received support from the European Union on Tuesday. Participating in a BASIC ((Brazil, South Africa, India and China) ministerial meeting on Tuesday night, Yadav said developing countries should be provided their fair share of the full carbon budget and it can be done by "monetising the carbon debt of the developed countries". "In climate action, no sector, no fuel source and no gas should be singled out for action. In the spirit of the Paris Agreement, countries will do what is suitable as per their national circumstances," Yadav said. India also clarified that just transition cannot mean de-carbonisation for all countries. "For India, just transition means transition to a low-carbon ...

COP27: Big polluters talking, voices of climate vulnerable stifled

There is work being done to put a draft cover text which will be the main outcome text and will capture the main issues which will be presented for resolution at the end of COP27 scheduled close

Top headlines: Twitter Blue likely to be back soon, Nawaz may return to Pak

Business Standard brings you the top headlines this hour

Paris Agreement requires phase down of all fossil fuels: India at COP27

As negotiators from 194 parties started working out a draft cover text at the UN climate summit in Egypt, India on Saturday said meeting the long-term goal of the Paris Agreement requires "phase down of all fossil fuels", sources told PTI. "Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right," a source in the Indian delegation attending the climate talks said. The move paves the way for fierce debates during the second week of talks being held in the resort town of Sharm el-Sheikh from November 6 to 18. Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, Indian negotiators told the Egyptian COP27 presidency that meeting the long-term goal of the Paris Agreement "requires phase down of all fossil fuels". "Selective singling out of sources of emissions, for either labelling them more harmful or labelling them 'green and sustainable' even when they are sources of greenhouse gases, has no basis in

Paris agreement goal requires phase down of fossil fuels: India at COP27

As negotiators from 194 parties started working out a draft cover text at the UN climate summit in Egypt, India on Saturday proposed that the talks wrap up with a decision to "phase down all fossil fuels" including oil and gas, sources said. "Natural gas and oil also lead to emission of greenhouse gases. Making only one fuel the villain is not right," a source in the Indian delegation attending the climate talks told PTI. Indian negotiators told the Egyptian COP27 presidency of climate talks that the basic principles of common but differentiated responsibilities, equity, and nationally determined nature of climate commitments under the Paris Agreement "need to be strongly emphasised in the cover decision text". Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, India said that meeting the long term goal of the Paris Agreement "requires phase down of all fossil fuels". "Selective singling out of sources of emissions, for either labelling them more .

COP27: Treaty against use of fossil fuels floated at UN climate summit

The world should adopt a treaty that stops the spread of fossil fuel energy, much like it has tried to with nuclear weapons, a prominent small island leader proposed as vulnerable nations Tuesday continued to push for more action and money at international climate talks. Tuvalu Prime Minister Kausea Natano told The Associated Press Tuesday morning that he would propose a non-proliferation treaty for coal, oil and natural gas later in a speech at the United Nations climate summit in Egypt. Natano and Tuvalu, along with other vulnerable nations, have moral authority in negotiations, especially in light of mega climate disasters. A year ago at climate talks in Glasgow, a proposal to call for a phase out coal the dirtiest of the fossil fuels was changed at the last minute to phase down by a demand from India, earning the wrath of small island nations and some vulnerable countries. Small island nation leaders also called for some kind of global tax on the profits of fossil fuel ...

World leaders push for climate action, fossil fuel tax at UN talks

World leaders are making the case for tougher action to tackle global warming Tuesday, as this year's international climate talks in Egypt heard growing calls for fossil fuel companies to help pay for the damage they have helped cause to the planet. United Nations chief Antonio Guterres warned Monday that humanity was on a highway to climate hell with our foot on the accelerator," urging countries to "cooperate or perish. He and leaders such as Barbados Prime Minister Mia Mottley said it was time to make fossil fuel companies contribute to funds which would provide vulnerable countries with financial aid for the climate-related losses they are suffering. The idea of a windfall tax on carbon profits has gained traction in recent months amid sky-high earnings for oil and gas majors even as consumers struggle to pay the cost of heating their homes and filling their cars. The U.S. mid-term elections were hanging over the talks Tuesday, with many environmental campaigners worried that .

European Parliament to vote policy to ensure shift to renewable energies

Ironically coinciding with the Finance Day at COP27 in Egypt, this loophole would be in stark contradiction to the imperative to end all fossil fuel subsidies as soon as possible

COP27: A year on from Glasgow meet, world burning more dirty fuel than ever

COP27: a year on from the Glasgow climate pact, the world is burning more fossil fuels than ever

Methane clouds spotted in China's northeast by high-resolution satellite

Methane is the primary component of natural gas and responsible for about 30% of the Earth's warming. Leaks can occur during extraction and transport of the fossil fuel

Instead of phasing down coal the world is burning it more than ever

Outside of China and India, plans for new production capacity are limited. Along with expectations that gas will remain costly after Russia's invasion of Ukraine,

Activists target buildings in London to protest against fossil fuels

A climate activist group recently targeted landmark buildings in London by spray painting them in an act of protest against fossil fuels

Why it might be better to mine the world's rainforests than farm them

Some 6,732 sq km of Indonesian forest has been granted to nickel mining concessions, a coalition of environmental groups wrote in a July letter to Tesla Inc.

Emissions to hit a peak by 2025, demand for fossil fuel to reduce: IEA

Global greenhouse emissions will peak in 2025 as the world goes through a "profound reorientation" in terms of energy use, said the World Energy Outlook 2022 report

EU, China remain Russia's largest fossil fuel customers: CREA data

Criticism of recent Indian purchases ignore the fact that traditional buyers still dominate this market