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By Ashira Morris, ODP Staff Writer A peak in fossil fuel use is expected by the middle of the decade and according to the International Energy Agency’s (IEA) latest annual World Energy Outlook report:There’s still a clean energy gap when it comes to limiting global temperature rise. Released in the lead up to the COP26 […]
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A new report from the International Energy Agency (IEA) predicts that gasoline demand will never return to pre-pandemic levels. The IEA tracks EV industry growth as an indicator of future oil demand, and their five-year forecast says that an accelerating shift toward EVs and increasing fuel efficiency among gas-powered vehicles will outweigh demand growth from developing nations.
Why This Matters: While there won’t necessarily be a lack of supply, the report states, the lack of demand may lead to a winding down of oil operations entirely.
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The fourth report in a joint research series by Environmental Defense Fund (EDF) and Resources for the Future found that very few fossil fuel power plant closures have had plans in mind for former employees, and many communities feel left behind by both old and new energy development.
Why This Matters: The Biden administration has announced plans to achieve net-zero emissions by 2050, phasing out fossil fuels entirely.
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The General Accounting Office (aka GAO), which investigates waste, fraud, and abuse claims on behalf of Congress, is examining whether coal companies took advantage of a tax subsidy that was supposed to underwrite their costs in exchange for them emitting less air pollution and greenhouse gasses, but never delivered on their cleaner air promises.
Why This Matters: President Biden promised to rid the tax code of all the subsidies for fossil fuels. Subsidies for these pollution sources are bad — but fraudulently claiming them is even worse.
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By Julia Fine, ODP Contributing Writer The New York Times reported this week that an industry group “representing the world’s largest chemical makers and fossil fuel companies” is attempting, as part of a trade deal being negotiated now, to get Kenya to “reverse its strict limits on plastics,” as well as to get the country […]
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In 2017, the advanced research arm of the Energy Department (Advanced Research Project Agency of the Department of Energy or ARPA-e) hired the engineering firm Otherlab to review all available energy data sources and create an ultra-high resolution picture of the US energy economy. What they found, as described in a recent article by the lead engineer in Medium, is highly promising — contrary to popular belief, decarbonization is not an unattainable ideal.
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